Description: This is a discussion of the paper, The Mathematical Risk of Lump-Sum Death Benefits in a Trusteed Pension Plan by Hilary L. Seal. From Transactions of Society of Actuaries 1953, Vol. 5, No. 13.

Description: The basic goal of this paper is to develop a generalized statement of aggregate actuarial cost methods and relate to it certain ideas developed by Trowbridge, Nesbitt, and others. A secondary goal is to describe practical methods which bear the same relationship to unit credit funding that the 'usual' forms of frozen initial liability and aggregate bear to entry age normal funding. From Transactions of Society of Actuaries 1967, Vol. 19, Pt. 1, No. 53 AB.

Description: In response to public inquiries into the indexing of pension plan benefits, the financing of defined-benefit plans with fully indexed benefits is explored. A model career-average pension plan is set up with all accrued benefits fully indexed. For different funding conditions, the changes in pension plan surplus are examined under the economic conditions of 1946-1987. The results show that the fluctuations in surplus can be more easily absorbed if the pension plan balance sheet uses market value of assets and a funding objective which is flexibly related to assets and set in terms of a fixed conventional liability and an asset fluctuation reserve. From Transactions of Society of Actuaries 1992, Vol. 44.

Description: The purpose of this note is to investigate whether, for a given level annual contribution rate, the introduction of a lump-sum benefit in lieu of a part of the pension otherwise payable, can result in a reduction of the mathematical risk due to chance deviations from expectation. From Transactions of Society of Actuaries 1953, Vol. 5, No. 12.

Description: This study explores whether public pension plans have contributed enough to reduce unfunded liabilities, absent other influences such as investment returns.

Description: Expert discussion of several symposium papers. From The Future of Pension Plan Funding and Disclosure Monograph, M-RS-05-1.

Description: This paper proposes principles to serve as the basis for revising the pension funding rules established in 1974, and also suggests a set of revised rules. From Current Pension Actuarial Practice in Light of Financial Economics Symposium, M-RS04-1.

Description: This is the abstract for a paper that seeks to construct a new system for pension funding that balances the needs of all the pension stakeholders. The paper presents a system that supports plan sponsors’ needs for predictable and relatively smooth contribution streams with the needs of the PBGC, pensioners, and taxpayers for a well-funded system. From The Future of Pension Plan Funding and Disclosure Monograph, M-RS05-1.

Description: This paper seeks to construct a new system for pension funding that balances the needs of all the pension stakeholders. It presents a system that supports plan sponsors’ needs for predictable and relatively smooth contribution streams with the needs of the PBGC, pensioners, and taxpayers for a well-funded system. From The Future of Pension Plan Funding and Disclosure Monograph, M-RS05-1.

Description: Essay reforming healthcare where participants have a vested interest in reaching the best answer.