Description: This session explores the potential cash-flow and financial accounting implications of the equity market decline. The discussion focuses on ways to present these results to clients and asset/liability matching techniques that can be used to dampen the significance of this change. From the Record of the Society of Actuaries, Volume 28, No. 2, Session 61pd.

Description: Given the readiness of several stakeholders (including regulators and some plan sponsors) to endorse and implement TBPs, there is a need for easily accessible, actuarially sound information about the key elements of design and funding that can significantly affect the performance of such plans. Our project begins to address this need by investigating through stochastic modeling the way in which different design features and funding strategies impact performance over the short- and long-term. The key objectives of the research were to: • Identify basic dynamics of target benefit plans under specific key designs, starting from the simplest ones and noting the impact of more complex design elements. • Identify appropriate performance metrics for TBPs. • Identify some areas where future research may be needed. The purpose of this report is to document the models used, and to provide background and context for the Issue Briefs relating to this work.

Description: Panelists discuss the current rules and guidelines applicable to pension-plan coverage and participation requirements under many circumstances, from highly compensated employees within a controlled group to minimum participation requirements by plan. From the 1988 Record of Society of Actuaries, Vol. 14, No. 1.

Description: This study summarizes the results of the the Society of Actuaries' Non-Mortality Decrement Task Force data collection effort of plan turnover data for years 1994-2000. Service, by itself, seems not to be a good predictor of retirement. Service and age are each good predictors for termination it is found. The report is designed to offer actuaries information about turnover as it pertains to defined benefit plans.

Description: 'This paper looks at the issue of the timing the commencement of income annuities from the perspective of a real life client scenario.' From the 2011 Enterprise Risk Management Symposium, March 2011.

Description: 1994 SOA Meeting, San Francisco. This session used a case study that outlined the various considerations that arise in a GAAP for mutual project.

Description: What would we do if we could start pension funding all over? Would we have minimums, maximums, solvency-based contributions, the PBGC? What does financial economics say about how plans ought to be financed? From the Record of the Society of Actuaries, Vol. 30, No. 3.

Description: This presentation made at the 1975 Spring Cincinnati Joint Meeting of the Conference of Actuaries in Public Practice and Society of Actuaries addresses the following issues: proposed Audit Guide revision of Accounting Principles Board Opinion No.8 Comparability of pension costs on financial statements and Cost Accounting Standards Board proposal for pension cost under government contracts.

Description: This session will provide an update on the IRS small-plan audit program. Areas to be addressed include: The Tax Court trial scheduled for January 1992, resolutions program, audit guidelines usability and differentiating between a malpractice and difference of opinion.

Description: The study examines the GLB utilization of over 4.9 million contracts that were either issued during or in force as of 2014.