Description: What would we do if we could start pension funding all over? Would we have minimums, maximums, solvency-based contributions, the PBGC? What does financial economics say about how plans ought to be financed? From the Record of the Society of Actuaries, Vol. 30, No. 3.

Description: This presentation made at the 1975 Spring Cincinnati Joint Meeting of the Conference of Actuaries in Public Practice and Society of Actuaries addresses the following issues: proposed Audit Guide revision of Accounting Principles Board Opinion No.8 Comparability of pension costs on financial statements and Cost Accounting Standards Board proposal for pension cost under government contracts.

Description: The report presents the results of a survey on asset valuation methods for defined benefit plans. Information was provided on 9,670 pension plans, 9026 US plans, 612 Canadian plans, and 32 other plans. Fair market value is the frequently used method, especially for smaller plans.

Description: Presents concerns regarding assumptions for inflation.

Description: In the determination of pension costs the actuary normally has available for use several turnover scales which indicate rates of turnover by attained age. This paper attempts to outline broadly one method for classifying selected industries into three groups approximating low, medium, and high turnover levels, so that a more appropriate initial selection of turnover scales may be facilitated. From Transactions of Society of Actuaries 1968, Vol. 20, Pt. 1, No. 58.

Description: This paper examines some of the methods used to determine the value of the assets held by a pension fund and used in actuarial valuations to determine the required contributions for a pension plan. From Transactions of Society of Actuaries 1968, Vol. 20, Pt. 1, No. 58.

Description: This panel discussion, which occurred at the May 1982 Society of Actuaries meeting in Colorado Springs, presented a discussion on retirement age issues, trends, and assumptions related to pension plans. Also a discussion of factors that affect early retirement elections. Includes discussion of: I. Trends in experience, especially as they may be influenced by: a. Changes in Social Security b. Government regulation, such as Age Discrimination in Employment Act c. Early retirement incentives, such as bonuses or subsidized early retirement factors and d. Cost-of-living supplements to retirees. 2. Plan design for early and postponed retirement. 3. Effects of deferred retirement on actuarial costs. 4. Trends in actuarial assumptions Detailed historical data on UAW, teachers, and Bell company employees' retirement trends is presented.

Description: This study summarizes the results of the the Society of Actuaries' Non-Mortality Decrement Task Force data collection effort of plan turnover data for years 1994-2000. Service, by itself, seems not to be a good predictor of retirement. Service and age are each good predictors for termination it is found. The report is designed to offer actuaries information about turnover as it pertains to defined benefit plans.

Description: Chapter 2 describes the general categories of results that the study gleaned from the vast amount of data gathered: active mortality rates, disablement rates, termination rates, retirement rates, retiree morality, disabled mortality, interest rates, and salary scales. From A Study of Public Employees Retirement Systems, M-RS96-1.

Description: This panel discussion session focuses on the impact of double-digit inflation on pension plans including the impact on assumptions, design, prefunding of post-retirement indexing and prefunding of flat benefit plans. From Record of Society of Actuaries 1980, Vol. 6, No. 4.