Description: This is a teaching session focusing on ERISA tax forms.

Description: This paper solves the pension benefit allocation problem using an extremely simple accounting approach. It presents a simple accounting argument, which says that the cost for like units of production should increase at the rate of inflation. If we assume that the appropriate units of production for an employee are inflation-adjusted salary, this rationale leads to projected unit credit with the benefit apportioned by interest-adjusted salary [PUCIAS] as the appropriate funding method for pensions. This same rationale can be extended to post-service medical care funding. For post-service medical care, however, the rationale does not lead to PUCIAS, since the rates of inflation for medical care and salary do not cancel. There is also a question whether inflation-adjusted salary should be used as the units of production for post-service medical care. When it is, it is still important avoid aggregating groups with different salary and promotion patterns. When it is not, the widget accounting arguments still hold as far unit costs increasing with the rate of medical care inflation.

Description: The purpose of this paper is to set forth the nature of the charges made on the corporate financial statements for the cost of pension plans, to give a resume of what is currently being done, and to suggest possible solutions. Additionally included is a discussion of the paper from a number of actuaries and the authors comments. Transactions of Society of Actuaries 1964, Vol. 16, Pt. 1, No. 46.

Description: The Statement of Financial Accounting Standards No. 87. Employers’ Accounting for Pensions, became effective in 1987. This is an accounting/actuarial standard with significant income statement and balance sheet implications. This article discuses the results of a survey of selected affected companies regarding the impact of this standard.

Description: This session from the 1984 SOA Atlanta Meeting is about the FASB's preliminary views on pension accounting issues and the shortcomings of the views from the actuarial perspective.

Description: This is a discussion about the Opinion No. 8 Bulletin on accounting for the cost of pension plans that was recently issued by the Accounting Principles Board of the American Institute of Certified Public Accountants and the effect this bulletin will have on the preparation of actuarial valuations of pension plans. Also discussed is the use of level-premium life insurance in connection with employee benefit plans and the underwriting, actuarial and other problems encountered in the design and marketing of such plans. Finally, the discussion moves to the marketing, underwriting and administration of vision care and prescription drug benefits, and the advantages and disadvantages of providing survivor benefits in group life and qualified pension plans. From Transactions of Society of Actuaries 1967, Vol. 19 Pt. 2, No. 53.

Description: Other Post Employment Benefits OPEB deals with the promise of providing coverage for post employment non-pension benefits such as health care and life insurance. This article focuses on the recent implementation of GASB No. 43 and 45 which requires public entities to value and recognize the liability of post employment non-pension benefits.

Description: The International Accounting Standards Committee’s IASC mandate to produce internationally recognized standards for employee benefits gave the International Forum of Actuarial Organizations IFAA an early opportunity to show its importance in representing actuarial interests internationally.

Description: This article delves into how pension costs for work performed under a government contract are reimbursed. This is an expansion of related issues discussed in an article by Bernard Sacks in the April 1989 issue of The Actuary. Article from The Actuary, Volume 24, Issue 4

Description: This web page contains links, provided by the SOA Pension Section, to the Citigroup Pension Discount Curve and Liability Index, and to related explanatory material. Formerly provided by Salomon Brothers, these measures can be used by employers to satisfy SEC guidelines when determining the discount rates used for pension and postretirement benefit accounting under FASB Statement of Financial Accounting Standards FAS 87, 'Employers' Accounting for Pensions,' and FAS 106, 'Employers' Accounting for Postretirement Benefits Other Than Pensions.'