Description: This session of the 1976 SOA Spring Meeting in Houston presented a panel discussion on issues related to Individual Retirement Accounts IRA in the U.S. and RRSPs in Canada. Topics included: 1. which products have proved successful, 2. regulation problems that have developed, 3. Taxation problems, 4. Rollover problems, 5. Problems with increases, 6. Competition from other financial institutions, 7. Applicability of new money rates, and 8. Long- term interest guarantees.

Description: This presentation is Part I of a two part series arranged by the Society of Actuaries Futurism Section. Part I discusses the demographic changes, business restructurings, changing social values, and changing government roles that are predicted to occur in the next 20 years. Part II will discuss the effects these changes are expected have on retirement plans and retirement security. From the Record of the Society of Actuaries Vol. 20, No. 3A.

Description: This is a discussion of the paper, Pension Plans - Provisions for Termination of Plan by Dorrance C. Bronson. From Transactions of Society of Actuaries 1955, Vol. 7, No. 19.

Description: This 1977 panel discussion focused on the implications of proposed revisions of the standard valuation and nonforfeiture laws. Areas discussed included: 1. A regulator's perspective 2. Applications to Life and Annuities 3. applications to Pensions

Description: There are two main equity release plans for retirement financing: reverse mortgage plan and home reversion plan. Both plans entitle the home owners to release cash from their properties without leaving their home. In the lease buyback scheme (LBS) recently introduced rin Singapore, the home owner sells the tail-end of the property lease to the government in exchange for a cash payment upfront. Unlike the two main equity release plans, the LBS only allows the owner to stay in the property during the front part of the lease but not for life. In this paper, we propose a hybrid home equity release plan that incorporates both features of the home reversion plan and the LBS. We provide an actuarial framework to analyse the pricing of the hybrid plan. Some numerical illustrations are presented to show the actuarial values of the plan under different parameter choices, such as lease period and portion of property values sold. The hybrid plan provides enhanced flexibility to plan takers to meet their retirement needs.

Description: The presenters in this session will show attendees how to measure surplus risk for a corporate pension plan (or a pension plan where liabilities are valued on a current marked to market yield curve) in several different ways, understand the value of each of those methods, and use the results to make decisions on relevant corporate pension actions such as asset allocation and pension risk transfer. They will also compare LDI strategies between corporate and public pension plans.

Description: The presenters will provide an update on discount rates developed from the expected return on assets used in going concern pension funding. They will include recent research on discount rates being used for U.S. public sector plans, U.S. Multiple Employer Pension Plans, and Ontario and British Columbia plans. A discussion of the emerging regulatory framework in Canada and the U.S. and changes to ASOP 4 and 27 will also be covered. Components of discount rates such as expenses and margins (PfADs) will also be covered.

Description: This session discusses two recent SOA research initiatives called FARM I and FARM II. From Record of Society of Actuaries, Vol. 30, No. 3.

Description: This discussion looks at Employee Welfare Plans, the implications as to the funding of pensions arising out of union demands, terms of total permanent disability benefits, funding methods used, experience as to rates of disability and mortality among disabled, special administrative problems and contractual benefits. From Transactions of Society of Actuaries 1949, Vol. 1, No. 1.

Description: This discussion on pensions raises the following questions: For employers with less than 25 employees, what pension arrangements have been found to be efficient from marketing, actuarial, and administrative standpoints? What are the different problems involved in investing for an insurance company and for a private pension fund? From Transactions of Society of Actuaries 1960, Vol. 12, No. 34.