Description: This study addresses some aspects of the financial impact on women under the Social Security benefits reform or redistribution.

Description: Experts' discussion of symposium papers. From Retirement Needs Framework, M-RS00-1.

Description: This paper examines actuarial pension models and the methodologies those models offer, and introduces a new liability concept that eliminates certain inconsistencies that exist in the models. From Current Pension Actuarial Practice in Light of Financial Economics Symposium, M-RS04-1.

Description: This paper takes the position that the most significant impact of pension funds on the U.K. economy relates to the costs imposed by extreme mismatching between their financial assets and liabilities. From Current Pension Actuarial Practice in Light of Financial Economics Symposium, M-RS04-1.

Description: This paper shows an approach whereby future asset returns and liabilities are modeled taking into account the probability of various returns. It develops an asset-smoothing approach that uses an expected return on the asset mix and averages both historical and projected asset values. From Current Pension Actuarial Practice in Light of Financial Economics Symposium, M-RS04-1.

Description: Book review: Demography and Retirement in the 21st Century by Anna M. Rappaport and Sylvester J. Schieber. Congratulations are given to the editors and the pension Research Council for presenting important questions and discussions about our future.

Description: Three noted actuaries who practice in the retirement systems area provide their prognosis of the future of pensions.

Description: This paper explores the relationship between the Wealth Transfer Index, a statistic defined by Brown and Bilodeau 1997, and retirement age, which is the age at which the workers in an economy cease to be economically productive. There appears to be a strong positive correlation between the Wealth transfer Index and retirement age based on Canadian historical data.

Description: This paper advocates a broader role for actuaries in the proactive investment strategy of a pension fund by utilizing quantitative techniques and feedback analysis.

Description: This discussion analyzes the advantages and disadvantages of retirement plans under which the annuity benefits payable to the individual will be variable and will depend on the investment experience of a fund consisting primarily of equity investments. This discussion also looks at the advantages and disadvantages to a recently introduced type of group annuity contract. From Transactions of Society of Actuaries 1952, Vol. 4, No. 8.