Description: Mexico substituted its defined benefit system [IMSS] of the formal sector by a defined contribution system in 1997. The initial plan called for buying single premium annuities for the widows and disabled workers under the new system. In the first three years, this market came to occupy a significant part of the insurance sector. Then, the number of workers getting benefits started to fall dramatically. This is the abstract of a paper that shows that such a fall has been a direct result of how the IMSS authorizes the issuance of single premium annuities. The paper analyses the rationale behind such a dramatic change in policy, analyzes various possible scenarios of IMSS strategies, and examines the problem to see if it brings in any long-term benefits to IMSS.

Description: Revised pages for the RP-2000 Mortality Tables Report dated April 2000.

Description: Chapter 11 from the Models for Retirement Policy Analysis. PIMS is a microsimulation model that produces a distribution of PBGC’s exposure over a defined time interval. This chapter describes the major components of PIMS, the data types in PIMS, the PIMS simulation process, simulation activities, and current output.

Description: Chapter 9 of the Models for Retirement Policy Analysis. This chapter describes SSAIM, which is a policy simulation model of the Old Age and Survivors Insurance and Disability Insurance Social Security programs.

Description: Chapter 1 describes important changes in Mexico in the 1990s such as re-privatization of banks, relaxed financial regulation, membership in NAFTA and OECD, and political change at the federal level. From Retrospective and Perspective Analysis of the Privatized Mandatory Pension System in Mexico, M-RS02-1.

Description: This session discussion is about eligibility, coverage , participation rules under TRA 86, review and effects of the proposed Reg. 1.401a2b and Reg. 1.410b. From Record of the Society of Actuaries Vol. 15, No. 3A.

Description: This panel discussion, which occurred at the October 1982 Society of Actuaries Annual Meeting in Washington D.C., presented a discussion on the integration of pension plans with Social Security. The discussion included: Current integration requirements - what is and what might be, problems with the current rules - need for change, or not the recent proposal by Congress to redesign integration rules, practitioners' proposals to revise integration rules - in light of recent activity in Congress, and the next steps - better or worse?

Description: Read the October 2018 issue of Retirement Section News published by the Retirement Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: Hear from the Chairperson on themes in the October Retirement Section News published by the Retirement Section.

Description: Feature article discussing the changes France made to its pension systems in 2010, with some history.