Description: Actuary readers are familiar with the Pension Benefit Guaranty Corporation, which was established under ERISA in 1974 to administer the benefits of terminated employee pension plans in the United States and to operate an “insurance” plan intended to protect the benefits of participants in such plans from inadequate funding. This article explains similar programs in Germany and Canada.

Description: The article notes that the “Terminology Report of the Committee on Pensions of the Society of Actuaries was initially undertaken to assist the Academy’s Principles and Practices Committee with recommendations it had been preparing. As indicated in the exposure draft of the Terminology Report distributed in March 1975, the scope of the project was subsequently broadened.” It then summarizes recent developments and recommendations.

Description: The primary focus of this newsletter is devoted to articles regarding the future of retirement plans.

Description: This table is an analysis of engagement among adults age 55 and older by health status. Engagement is defined as time spent in paid work, formal volunteering informal volunteering and caregiving activities.

Description: In response to the large volume of acquisitions in recent years, many corporations have implemented defensive measures to make themselves less desirable acquisition targets. A number of techniques involving employee benefits programs can be part of a corporation’s anti-takeover posture. These techniques generally attempt to accomplish imposing a new, significant liability, or cash commitment on the hostile bidder, or placing a block of stock in “friendly” hands.

Description: A review of the address of Rajendra P. Sharma F.S.A. 1979 of Philadelphia in July 1980 to the Actuarial Society of India in Bombay on the topic of the history of private pension plans in the United States.

Description: This article discusses the shortfalls present in most retirement planning software. Some of these come from the design of the software and some from unsophisticated use of it. In any case, the resources needed for retirement are often understated.

Description: Review of pamphlet entitled Retirement Income in the United States - A Case for the Composite System. It covers, among other items, the relationship of the three major sources of retirement income in the United States - individual savings, group retirement plans, and Social Security. The conclusions reached ar

Description: Article Retirement To Chaos by Smith in The Actuary, March 1979, Volume 13, Number 3

Description: Feature article discussing the SOA’s Retirement 20/20 initiative.