Description: Enhanced or impaired annuities are life annuities underwritten to reflect annuitants' actual mortality. They are not currently prevalent in the U.S. or Canada, where life annuities assume low mortality and are thus unfair for impaired lives. This paper looks at the present annuity marketplace in the United States and Canada. It also reviews the underwriting and marketing of life annuities in the United Kingdom where “enhanced” life annuities are available for a broader cross section of the marketplace. It also reviews the use of P&C risk classification techniques and how they might apply to the annuity marketplace as well as potential legal constraints on broader risk classification for life annuities.

Description: The panel presents the technical details of calculating the deficit reduction contribution as changed by the Retirement Protection Act RPA of 1994. Additionally addressed is the new solvency maintenance requirement and changes to the full-funding limitation. From the Record of the Society of Actuaries, Vol. 21, No. 3b.

Description: This presentation is Part II of a two part series arranged by the Society of Actuaries Futurism Section. Part I discussed the demographic changes, business restructurings, changing social values, and changing government roles that are predicted to occur in the next 20 years. Part II discusses 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 the introductory parts of a textbook with this title: Table of Contents, Preface, Acknowledgments, and bios of editor and authors. This text is for the use of students preparing for the Fundamentals of Actuarial Practice Course requirement for achieving the ASA designation.

Description: Experts' discussion of symposium papers. From Retirement Needs Framework, M-RS00-1.

Description: This is the introductory parts of a textbook with this title: Table of Contents, Preface, Acknowledgments, and bios of editor and authors. This text is for the use of students preparing for the Fundamentals of Actuarial Practice Course requirement for achieving the ASA designation.

Description: List of symposium/monograph contributors.

Description: This paper discusses the reasons for the trend toward phased retirement and looks at the legal and actuarial aspects of phased retirement as they apply to a simple defined-benefit plan. It is important for US pension law to be modified to facilitate phased retirement and include safeguards to protect workers as they make these lifetime decisions. From the Retirement Implications of Demographic and Family Change Symposium, June 2002.

Description: This paper discusses the reasons for the trend toward phased retirement and looks at the legal and actuarial aspects of phased retirement as they apply to a simple defined-benefit plan.

Description: This presentation is a Pension Section meeting from the 1991 Meeting of the Society of Actuaries, held June 3-5 in Colorado Springs. The speaker discusses insurer solvency issues for pension actuaries, focusing on the failure of Executive Life and the implications for its significant amount of pension business. Topics include the tax claims of the Internal Revenue Service, and role and potential liability of the Pension Benefit Guaranty Corporation [PBGC], state guaranty funds, and reinsurers. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 3B.