Description: This panel discussion session focuses on economic assumptions for pension plans including investment return salary scale the spread between investment return and salary scale and the effects of inflation and the economy on other assumptions. From Record of Society of Actuaries 1981, Vol. 7, No. 1.

Description: Chapter 5 reviews the investment plans of four Florida, Louisiana, Minnesota, and California public employee systems concentrating on three main topics: general summary of fund and portfolio characteristics, comparisons of target asset allocations policies, and reviews of investment policies. From A Study of Public Employees Retirement Systems, M-RS96-1.

Description: Chapter 6 summarizes the findings for key actuarial assumptions in each of the following categories: active mortality, disablement rates, withdrawal rates, retirement rates, retiree mortality, disabled mortality, interest rates, salary scales, actuarial cost methods, ans asset valuation methods. From A Study of Public Employees Retirement Systems, M-RS96-1.

Description: John Ralfe's response to the Robert T. McCrory/John Bartel discussion of the article Reinventing Pension Actuarial Science by Lawrence Bader and Jeremy Gold. From The Pension Forum, January 2003, Volume 15, Issue No. 1.

Description: SOA Asset Valuation Method Survey Results by Jim Paterson & Larry Pinzur from Pension Section News, June 1999, Issue No. 40.

Description: This article announces the availability and provides an overview of the 2003 SOA Pension Plan Turnover Study. From Pension Section News, June 2004, Issue No. 55.

Description: A mathematical framework for benefits and choices must be created to model benefit selection. This paper creates such a framework by defining benefit plans as reimbursement functions. These are then used with a defined choice function to calculate the cost deviation due to selection. Finally, utility functions can be applied to this framework to predict choice.

Description: Background of the Manhart case on sex discrimination in pension rates, summary of the brief prepared for the case by an SOA task force, and text of a letter submitted to the court by SOA members critical of the brief.

Description: This session is about the philosophy and implications of investment income allocation for individual and group products, bases available for subdivision of investment income by line and within lines of business, applicability of new money rates to individual and group products, and regulatory restraints.

Description: This paper investigates a fundamental approach to the development of the expected cost of vesting in pension plans. From Transactions of Society of Actuaries 1972, Vol. 24, Pt. 1, No. 70.