Description: This article explains why and how maturing defined benefit pension plans become increasingly unstable if they maintain asset mix policies that embody material mismatch risk between plan assets and liabilities. The implication is that asset depletion is a risk that mature plans should take very seriously. This means redesign should be a priority for pension plans facing this risk. From the Pension Section News, October 2011, Issue No. 75.

Description: HI Trust Fund: Actuarial Methodology and Principal Assumptions from Pension Section News, October 2000, Issue No. 44.

Description: Full version of Pension Section News, September 2004, Issue No. 56.

Description: Summary of the CPRNR 2015 Risk Survey and Focus Groups

Description: A brief look at the roles and structure of the council’s Communications Team during the past year and the expanded functionality of the team under Faisal Siddiqi, the new chair of the Communications Team for 2010-2012.

Description: Behavioral Finance proposes that psychological and social factors influence financial and economic decisions, causing people to make decisions other than those predicted by conventional economics and which may not be optimal for them. This article strives to help defined benefit (DB) plan actuaries understand how concepts from behavioral finance may provide insight into the actions of the sponsors of defined benefit plans. We specifically explore how behavioral finance concepts may affect sponsors’ decisions regarding their plan’s preferred funding level and risk profile. Our hope is that actuaries can assist their clients in becoming aware of how these concepts may be affecting the quality of the sponsors’ decision-making process.