Description: Part 1 proposes solutions to the first of three flaws of the current financial model to obtaining the fair value of the public sector employer’s pension benefit liability.

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: 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.