Description: Presents concerns regarding assumptions for inflation.

Description: In the determination of pension costs the actuary normally has available for use several turnover scales which indicate rates of turnover by attained age. This paper attempts to outline broadly one method for classifying selected industries into three groups approximating low, medium, and high turnover levels, so that a more appropriate initial selection of turnover scales may be facilitated. From Transactions of Society of Actuaries 1968, Vol. 20, Pt. 1, No. 58.

Description: This paper examines some of the methods used to determine the value of the assets held by a pension fund and used in actuarial valuations to determine the required contributions for a pension plan. From Transactions of Society of Actuaries 1968, Vol. 20, Pt. 1, No. 58.

Description: The purpose of the study was to provide quantitative information illustrating the impact of reflecting mortality improvement using a 'Generational Approach' in the actuarial valuations of defined benefit pension plans.

Description: This study summarizes the results of the the Society of Actuaries' Non-Mortality Decrement Task Force data collection effort of plan turnover data for years 1994-2000. Service, by itself, seems not to be a good predictor of retirement. Service and age are each good predictors for termination it is found. The report is designed to offer actuaries information about turnover as it pertains to defined benefit plans.

Description: The objective of this paper, prepared by the Society of Actuaries Committee on Pension Principles and Related Research, is to examine the advantages and disadvantages of using select and ultimate interest and salary scale assumptions in the valuation of defined benefit pension plans. The technical issues involved and the effect of such assumptions on the incidence of plan cost are also studied. From Transactions of Society of Actuaries 1985, Vol. 37.

Description: Abstract of a paper examining the degree to which certain actuarial methods satisfy public pension plan funding objectives.

Description: Defined benefit DB pension plans continue to dominate the retirement landscape for the roughly 20 million state and local government workers in the United States. In most state and local plans, pension benefits are protected by constitutional, statutory, or common law guarantees. In many cases, these guarantees make the benefit promises to participants virtually free of risk. Finance theory is unambiguous that the discount rate used to value future pension obligations should reflect the riskiness of the liabilities.

Description: This paper presents a history of traditional topics like actuarial cost methods and assumptions, the history of past inquiries into the dynamic and stochastic nature of pension costs, and the perceptions and concerns of pension actuaries of the past. From The Future of Pension Plan Funding and Disclosure Monograph, M-RS05-1.

Description: This research, based on data from regulatory filings in Ontario, with supplementary information from British Columbia and the United States, examines funding valuation discount rates.