Description: The specific aim of the proposed research is to both theoretically and empirically catalog the different ways one could expect consumption in a household after retirement to be different than consumption before retirement. The long term goal of this research is to help better inform best practices for financial planners, professionals and educators in the construction of financially prudent retirement plans. This decomposition can be separated generally into three main paradigms. The first two of these paradigms concern how preferences affect consumption before and during retirement, while the third is concerned with the financial constraints retirement brings.

Description: The abstract on the paper Extending ERM to Multi-Employer Pension Plans.

Description: This presentation from Session 73 of the SOA June 2005 New Orleans Health/Pension Spring Meeting discusses the emerging risks faced by Social Security, Medicare, and other public sector retirement plans. From the Record of the Society of Actuaries, Vol. 31, No. 2.

Description: This presentation discusses current trends in pension demographics, focusing on mortality and turnover rates. From the Record of the Society of Actuaries Vol. 18, No. 4A.

Description: Discussion of bankruptcy and the implications for benefit plans, the obligations, collectively bargained benefits. Specific discussion of the LTV case.

Description: The SOA Research Committees have selected a research team for the Actuarial Aspects of Continuing-Care Retirement Communities CCRC Research Project. The team is directed by William E Bluhm and Stanley A. Roberts of Milhman & Robertson, Inc.

Description: Historically low interest rates, historically high equity market volatility and ever increasing life spans have made pension funding a hot topic. Financing the lifestyles of the superannuated through steadily improving investment performance is no longer a given. Market realities and stricter regulatory funding requirements are forcing plan sponsors to reduce overly optimistic assumptions about how well their investments will perform and increase assumptions about how long they will have to last. A growing number of well-known corporations are looking for help in trying to make the math work. This article discusses the opportunities for all who want to take on longevity risk.

Description: This discussion provides an overview of the SOA research process, reviews the new turnover tables and efforts to model probable outcomes of proposed legislation on the U.S. economy. From Record of Society of Actuaries, Vol. 22, No. 3.

Description: Panelists provide: [1] a summary of legal issues and recent federal court cases regarding employee and retiree benefit plans, and [2] discussion of three research papers providing new thought and insight involving the perspective of many disciplines about the aging population and changing family structures in the U.S. and around the world. From the 2002 Record of Society of Actuaries, Volume 28, No. 2. Session 143TS of the San Francisco Spring Meeting.

Description: The first in a series of articles exploring the improvement in retiree life expectancies and ways the improvement can be incorporated into actuarial estimates of annuity and pension plan reserves.