Description: The purpose of this paper is to set forth the nature of the charges made on the corporate financial statements for the cost of pension plans, to give a resume of what is currently being done, and to suggest possible solutions. Additionally included is a discussion of the paper from a number of actuaries and the authors comments. Transactions of Society of Actuaries 1964, Vol. 16, Pt. 1, No. 46.

Description: This is a discussion of 'The Generalized Family of Aggregate Actuarial Cost Methods for Pension Funding' by John R. Taylor. From Transactions of Society of Actuaries 1967, Vol. 19, Pt. 1, No. 54.

Description: This discussion is about interests assumptions that are being used for cost estimates and valuation for trusteed retirement plans and deposit administration plans. From Transactions of Society of Actuaries Vol. 13 pt 2

Description: A new approach to computing annual pension costs, based on an open-group projection of the participant population for a number of years, was described in detail in a paper published in the 1975 Transactions, entitled 'The Forecast Valuation Method for Pension Plans.' That paper described the operation of such a cost method at the initial valuation date. This paper discusses several alternative approaches to projection valuation methods and also describes how costs should be computed at valuation dates after the first one. In addition, the author illustrates projected contributions and asset buildups under both traditional [closed-group] cost methods and projected [open-group] cost methods, for a number of years under a variety of assumptions as to the growth rate of the participant group. Projection valuation methods have not been described heretofore in sufficient detail to make it possible for actuaries to use them on a recurring basis or for the Internal Revenue Service to make a determination as to the acceptability of such approaches for computing tax-deductible pension plan contributions. It is the hope of the author that this paper will fill both of those gaps. From Transactions of Society of Actuaries 1977, Vol. 29.

Description: This is a summary of 1972 discussions about: 1. the past and future dynamics of North American retirement systems, 2. alternatives for pension legislation, and 3. actuarial principles and practices for pension plans. From Transactions of Society of Actuaries 1972, Vol. 24, Pt. 2D, No. 68.

Description: From the 1960 Transactions Vol. 12 No. 32, this ‘Digest of Informal Discussion’ discusses the advantages and disadvantages of granting cash withdrawal rights to large pension policyholders, and discusses different provisions.

Description: This discussion examines problems arising in complying with the provisions of the Federal Welfare and Pension Plans Disclosure Act and problems in connection with underwriting and administration of small groups. From Transactions of Society of Actuaries 1960, Vol. 12, No. 33.

Description: This discussion focuses on pension and retirement plans, particularly the effect of tax law changes on the competitive position of insured vs trusteed plans, the advantages and disadvantages of recognizing interest rate credits by year of investment on distributing surplus or retroactive credits on group annuity contracts, and how can optional pension benefits be offered so as to protect the plan against adverse selection. From Transactions of Society of Actuaries 1960, Vol. 12, No. 33.

Description: This report, by the Committee on Nonforfeiture and Valuation Mortality Problems, resulted from a request by the NAIC to develop non sex distinct mortality rates in light of a recent court decision prohibiting sex distinct mortality in determining benefits derived from defined contribution pension plans. Also included is the ‘February 7, 1984, Report of the Society of Actuaries Committee on Nonforfeiture and Valuation Mortality Problems - Individual Life Insurance and Annuities Blended Selection Factors for Blended 1980 CSO Tables,’ which describes the subsequent determination of select factors, and discussion of two letters the Committee received. From the 1985 Transactions Vol. 37.

Description: In this paper, the author presents the statutory and regulatory rationale for the Internal Revenue Service, ‘IRS,” position on integration. The author discusses the integration requirements under IRC Section 401a which must be met for a private pension plan to receive favorable tax treatment, including the prohibited discrimination requirement. From the 1982 Transactions Vol. 34.