Description: This article summarizes the work of the SFAS No. 106 implementation task force which was formed to consider the needs of practicing actuaries, inform the appropriate standing committees of these needs, and prompt these committees toward quick resolution of any outstanding issues.

Description: Sound and Workable Pension Actuarial, Accounting, and Funding Approaches for those Interested in the Health of Public and Private DB Plans – Discussant Comments

Description: This article provides a guide to setting discount rates. Guidance within FAS 106 and FAS 87 is reviewed in light of evolving practice and business climate.

Description: This article discusses how pension accounting has an impact on the personal savings rate.

Description: Due to the decline in interest rates in 1993, the SEC staff began focusing on the discount rates being used for pension and postretirement benefit accounting under FASB Statement of Financial Accounting Standards FAS 87, 'Employers' Accounting for Pensions,' and FAS 106, 'Employers' Accounting for Postretirement Benefits Other Than Pensions.' Employers will need to assess their discount rates and, for some, reduce those rates significantly. To help plan sponsors comply with the SEC guidelines, Salomon Brothers has developed a Pension Discount Curve and a Pension Liability Index. This report reviews the construction of these two measures, as of December 1994.

Description: This article from The Actuary discusses limited-scope reviews of issues, that are becoming increasingly frequent due to tightening budgets and lower resource availability. It primarily focuses on a flawed quick solution by the FASB/IASB to cash balance pension plan accounting.

Description: This presentation reviews employers' accounting for pension plans in light of the new proposed standards. The Plan sponsors', actuaries and FASB perspectives are shared. Additionally, the plan design and funding implications of the new standard are presented. From Record of Society of Actuaries, Vol. 9, No. 4.

Description: This session discussion is about review of experience under new pension accounting standards in the United States and in Canada i.e., FASB No. 87 and 88, CICA. From Record of the Society of Actuaries Vol. 14, No. 1.

Description: In this a forum for consulting actuaries, the participants discuss: 1. Accounting principles, especially as a result of APB Opinion No. 8, 2. Liaison- What can be done to improve liaison between consulting firms and the IRS, government committees, hearings, and insurance industry committees? 3. Life insurance company development, 4. The relation of the consultant with company actuaries, reinsurers, and accountants, and 5. Personnel- What programs are being followed by consulting firms to maintain staff by the internal development of actuaries? From Transactions of Society of Actuaries 1967, Vol. 19 Pt. 2, No. 55.

Description: The presenters will provide an update on recent developments impacting U.S. retirement plans, such as regulatory guidance, new legislative proposals, recent court cases and recent trends. Experienced pension actuaries will share their perspectives on these issues and discuss how plan sponsors are being impacted.