Description: This paper provides some background about demography, health and retirement summarizes how current pension laws influence the design of pension plans and the timing of retirement and looks at the optimal retirement age from the perspective of employers, government and workers.

Description: The SOA is pleased to make available a report updating the 2012 risk assessment performed by Porteous et al. The report also provided an economic capital analysis for a stylized US plan with the same member profile and the USS provisions modified to reflect a typical US DB plan.

Description: This is a panel discussion session on the developments in the group insurance market in the 1980s including designing benefit plans with the employee as the focus, the cost to the corporate employer, and the group insurance underwriter's outlook.

Description: This paper develops a set of retirement decision propositions, which hypothesize that the heuristic of Anchoring and the resulting cognitive biases described by Prospect Theory will influence the chosen retirement age. .

Description: In this paper, the authors have analyzed the Cash Balance pension and contributions using the methods and principles of financial economics, to give a market consistent evaluation of the costs of the CB liability.

Description: In response to public inquiries into the indexing of pension plan benefits, the financing of defined-benefit plans with fully indexed benefits is explored. A model career-average pension plan is set up with all accrued benefits fully indexed. For different funding conditions, the changes in pension plan surplus are examined under the economic conditions of 1946-1987. The results show that the fluctuations in surplus can be more easily absorbed if the pension plan balance sheet uses market value of assets and a funding objective which is flexibly related to assets and set in terms of a fixed conventional liability and an asset fluctuation reserve. From Transactions of Society of Actuaries 1992, Vol. 44.

Description: This article discusses the findings of the Retirement Plan Preferences Survey which asked workers participating in defined benefit plans and defined contribution plans which retirement plans they prefer and what they understand. From Pension Section News, March 2004, Issue No. 54.

Description: This presentation was made at the 1975 Spring Cincinnati Joint Meeting of the Conference of Actuaries in Public Practice and Society of Actuaries. It addresses the following issues: Participation requirements, minimum vesting standards, joint and survivor annuity benefits, maximum limitations, special problems under offset plans, & impact on defined benefit vs. defined contribution plans. 1975 Record, Vol.1, No.3

Description: This article highlights the world's fastest growing economy market, China, focuses on its private pension market. Hidden in the backdrop of China’s rapid growth lurks an aging population, a result of China’s one-child policy and the improved longevity of its people. The “4-2-1” phenomenon, characterized by a family structure of four grandparents, two parents, and a single child, is becoming more prevalent. While this aging society is not immediately apparent—in fact, many multinational companies employ a young workforce, with very few grey-haired employees—a demographic shift is inevitable. From Pension Section News, September 2006, No. 62.

Description: The Indian economy is growing with the growth of national income and per capita income, while society is facing the problem of an increasing number of persons in old age and the gradual erosion of the joint family system. The existing social security schemes do not cover the large mass of the working population. Therefore, India needs micro-pension plans that cover the large segment of people from the unorganized sector.