Description: The article outlines the pros and cons of providing lump sums in defined benefit plans both for the participant and the employer. Retirement assets need to be used effectively and actuaries can make a difference assisting employers, the public and policymakers to focus more on post employment risks.

Description: This discussion is about the issues and problems under the new IRS rules effective in 1989 for pension plans integrated with Social Security. From Record of the Society of Actuaries Vol. 15, No. 1.

Description: This presentation proposes a new type of retirement plan aimed at achieving a compromise between stability in cost for the plan sponsor and guaranteed benefits for the participants. The proposed plan is shown to smooth out the fluctuation in benefits that occurs in a money purchase plan. From Actuarial Research Clearing House 1998 Vol. 1.

Description: This is a panel discussion about current pension plan issues in the United States and Canada. From Transactions of Society of Actuaries 1965, Vol. 17 Pt. 2, No. 49.

Description: This paper responds to comments on a proposed compulsory savings program combined with transparent investment vehicles designed to promote competition based on expense levels, fund performance and customer service. At retirement 50% of the account is annuitized in Participating Variable Annuity (PVA) backed by TIPS. All investment experience, expenses, and pooled longevity experience is passed to annuitants through periodic benefit adjustments. Annuities are priced uniformly based on age at commencement.

Description: This paper looks at the actuarial implications of a gradual retirement scheme from the employer's point of view in terms of the normal cost and also from the employee's side, the total income he would receive under various gradual retirement scenarios.

Description: In this paper, the authors assess the value of a GSA-type annuity within a retiree's portfolio.