Description: Discussions from 2 regional meetings of the Society of Actuaries- in Philadelphia and Kansas City concerning 1. the types of options that are provided for retirement under pension plans, the extent to which profit sharing plans are being used to supplement pension plans and 3. the need for nonparticipating group annuity rates.

Description: This is a discussion about steps that have been taken to revise or supplement company retirement plan benefits to recognize higher salary scales and living costs currently prevailing with respect to: 1. recently or currently retiring employees, and 2. long range future retirements. From Transactions of Society of Actuaries 1951, Vol. 3, No. 6.

Description: This is a discussion of the trend toward broader adoption of final-pay pension plans. From Transactions of Society of Actuaries 1969, Vol. 21 Pt. 2, No. 59.

Description: This general discussion focused on: A. The increase on maximum limits on single premiums accepted based on investment conditions, B. Steps a smaller company might take to meet the current demand for pension plans, C. The extent to which companies have: 1. Transferred to their field or district offices functions which had previously been performed in the home office 2. Transferred to the home office or to central collection offices functions which had previously been performed in agency offices D. Steps taken to revise or supplement company retirement plan benefits to recognize higher salary scales and the possibility of still further inflation, E. The advantages and disadvantages of the Bank Loan Plan under which a policyholder purchases a limited payment life policy and borrows part of the premium from a bank, and F. Changes which have been made in War Exclusion Riders, Disability and Double Indemnity provisions.

Description: This is a discussion about pension plan design and mechanics including: 1. Adjustment of pension benefits for inflation, 2. Major revisions or plan terminations, 3. Development of group pension contracts, and 4. Design problems of negotiated plans. From Transactions of Society of Actuaries 1967, Vol. 19 Pt. 2, No. 55.

Description: This paper analyzes the design and funding of privately sponsored retirement programs in an inflationary environment. From Transactions of Society of Actuaries 1982, Vol. 34.

Description: This discussion looks at changes made in life insurance company and agency pension plans as a consequence of inflationary and other influences.

Description: In the United States and in Canada, certain legislative developments have been concerned with providing retirement benefit credits to employees who work beyond normal retirement. The purpose of this paper is to provide a practical guide for actuaries to estimate the effect that delaying retirement beyond age 65 has on the cost of a pension plan. From Transactions of Society of Actuaries 1983, Vol. 35.

Description: From the 1960 Transactions Vol. 12 No. 32, this ‘Digest of Informal Discussion’ addresses the current status of reflecting investment timing in the crediting of interest to participating policyholders, primarily in the group pension market where the term “new money” method has come into use.

Description: The administrators of Social Security offset-type defined benefit plans commonly encounter two difficulties when attempting to calculate the Primary Insurance Amount 'PIA' offset. The first difficulty is in obtaining the Social Security earnings history. The second difficulty is in performing the calculation itself. This paper explores the possibility of substituting a variant of the employee's final average salary for his or her Social Security Average Indexed Monthly Earnings 'AIME'. The acceptability of this substitution is then critiqued with illustrations. From Transactions of Society of Actuaries 1980, Vol. 32.