Description: This session discusses two recent SOA research initiatives called FARM I and FARM II. From Record of Society of Actuaries, Vol. 30, No. 3.

Description: This paper is a follow-up to the papers in the January and April 2005 editions of the Pension Forum, which focused on the interest assumptions to be used in pension funding. This paper focuses on the other assumptions used to calculate pension liabilities—mortality, early retirement and expense. From Pension Section News, April 2006, No. 61.

Description: This paper concludes that there are two index rates that could best replace the 30-year Treasury in the calculation of the Current Liability of a pension plan - either the 30 year swap rate or the benchmark 30-year FNMA bond.

Description: Municipal Reinvestment Contracts by Victor Modugno from Risks and Rewards Newsletter, September 2000, Issue No. 35.

Description: This is a research project on possible replacement indices for the 30 year treasury rates used to value current liability for defined benefit pension plans in the US.

Description: Full version of Risks and Rewards Newsletter, February 2002, Issue No. 38.

Description: This study examines reductions in retirement benefits from the decline in defined benefit plans and increases in defined contribution plans during the past 20 years and what effect this has on workforce management. In particular how this change is affecting older workers’ decisions to retire and what effect this could have on companies. An underlying assumption implicit in evaluating the benefit of retirement of older workers is that productivity declines in old age while pay does not, leading to a pay productivity gap that could have an adverse effect on the employer from delayed retirement. The validity of this assumption was also examined.

Description: This presentation, session number 55PD, took place at the 2000 Annual Meeting of the Society of Actuaries, held October 15-18 in Chicago. The panelist look at a variety of capital market structures used to replace maturing guaranteed investment, ‘GIC,’ contract liabilities from accounting, regulatory, rating agency, and investor viewpoints. Discussion from participants is included. From the Record of the Society of Actuaries, Volume 26, No. 1.

Description: From a session at a meeting of the Society of Actuaries held in San Diego, CA, June 22-23, 2000 Topics in this discussion include: 1 An overview of the municipal reinvestment market—size, current players, and historical development, 2 A comparison of muni-guaranteed investment contracts to stable value guaranteed investment contacts 3 Types of funds and contracts issued in this market, including contract provisions and risks 4 Roles that life insurers currently play in this market and 5 Use of structured companies or parent-supported subsidiaries.

Description: Full version of Risks and Rewards Newsletter, May 2002, Issue No. 39.