Description: This paper explores the advantages and disadvantages of a defined benefit plan option for phased retirees.

Description: This paper discusses the Total Career Benchmark Model, consistent with Retirement 20/20 principles, focuses on reconstructing and maintaining a consistent and reasonable sharing of risks and rewards amongst the four stakeholders: Individuals, Society, Employers and the Markets. Modern technology provides the necessary tools. A series of benchmarks are used for tax limits, target pensions, accrual to date etc. The self adjusting, consistent benchmarks under the TCB Model, means that all stakeholders speak the same language. Individuals and Employers can easily compare what they have to what they need – and more importantly can see how to accrue what is needed. An individual’s ability to tax shelter income over a career is not dependent on the design of any employer pension plan. All funds allocated to an individual remain the individual’s and are not used to subsidize another person – except for the inherent risk sharing of an annuity – by hidden transfers of value.

Description: This report provides a framework of analyses and methods that can be use to compare and assess strategies for developing lifetime retirement income.

Description: This session at the SOA 1990 Annual Meeting looks at the issues that will affect pension plan design in the future including economic, demographic, regulatory, tax, and employment factors.

Description: 1992 SOA Regional Meeting, Chicago. This session was about the impact of pension plan design on investment strategy. The speakers covered a broad philosophical basis, the nuts and bolts of particular pension plan provisions in a defined-benefit area, and executive benefits.

Description: This research report investigates the mechanics and practicalities of introducing retirement investment income tontines (RITs) in today’s market place.

Description: Since the Internal Revenue Service updated its rules for integration of qualified pension plans [Revenue Ruling 71-446] nearly ten years ago, major changes have taken place in the structure of Social Security benefits. The lack of a consensus as to what constitutes a good set of rules for integration is a reflection of the many existing social and political viewpoints on this subject. This paper proposes a single theoretical basis for the integration of qualified pension benefits with Social Security retirement benefits and examines the implications of that proposal. From Transactions of Society of Actuaries 1982, Vol. 34.

Description: This 1981 discussion session focuses on current U.S. pension topics. Among the current topics are inflation protection for pensioners, converting final pay plans to dollars per month and career pay plans, the funding of negotiated pension plans and Social Security integration.

Description: Investment volatility can lead to unacceptable levels of contribution volatility and wide swings in a retirement plan’s perceived funded status. This paper approaches the volatility problem from a plan design perspective.

Description: Personal highlights of a pension actuary's 10 years with the U.S. Social Security Administration and Senate staff, applying his experience and skills to emerging issues. He recommended that the Thrift Savings Plan for federal employees use index funds for common stocks, giving employees an attractive way to invest while keeping politics out of stock selection.