Description: This paper takes the position that it is possible to compute annual pension costs without computing liabilities first, or at all, even implicitly. Moreover, such an approach can be shown to have powerful advantages in stochastic financial environments. From Current Pension Actuarial Practice in Light of Financial Economics Symposium, M-RS04-1.

Description: This paper attempts a model for a mix of DB and DC retirement plans that meets the dual objectives of predictability of employer cash contributions, and sufficient employee retirement benefit. From Current Pension Actuarial Practice in Light of Financial Economics Symposium, M-RS04-1.

Description: This paper assesses the extent to which equity investors were fooled by pension accounting. Simulations show that a failure to differentiate between core and pension earnings induces large valuation errors for many firms, although this pension effect did not materially contribute to aggregate overvaluation before 2000. From Current Pension Actuarial Practice in Light of Financial Economics Symposium, M-RS04-1.

Description: In this article, the author talks about reforming the Canadian pension system.

Description: Editorial that explores how underlying issues of the economic bubble were actuarial in nature.

Description: This paper examines the use of alternative investments for pension funds in the Netherlands facing the three requirements of minimum funding, solvency, and continuity. From Current Pension Actuarial Practice in Light of Financial Economics Symposium, M-RS04-1.

Description: This paper uses economic principles to evaluate methods that may be used to assign the cost of employee benefits to accounting periods. From Current Pension Actuarial Practice in Light of Financial Economics Symposium, M-RS04-1.

Description: This paper takes the position that a retirement plan should not be evaluated differently than other financial arrangements, and, therefore, its value should be measured through a utility function. The paper then suggests a method of incorporating utility theory into the retirement plan design model. From Current Pension Actuarial Practice in Light of Financial Economics Symposium, M-RS04-1.

Description: The editorial provides an overview of articles in this issue that explore and illustrate solutions to current retirement challenges.

Description: This presentation from Session 69 of the SOA May 2004 Anaheim Spring Meeting discusses the application of financial economics on smaller pension plans, in particular, those of private and nonprofit organizations. Panelists address agency cost, closely held corporation issues, impact of bundled service arrangements and investment constraints From the Record of the Society of Actuaries, Vol. 30, No. 1.