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The Dynamics of Pension Funding: Contribution Theory
represented by the function s(x) for a member aged x, a < x < r. The function s(x) captures the merit component ... h(t + r -- x) = g~(t + r -- x)g2(t + r - x) l~s(r )b . For x > r, h(t + r -- x) is the density ...- Authors: Newton L Bowers, James C Hickman, Cecil J Nesbitt
- Date: Oct 1979
- Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Transactions of the SOA
- Topics: Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Funding
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The Unfunded Present Value Family of Pension Funding Methods
after called the benefit ratio and the fund ratio, s respectively. Then the funding family proposed is ... beginning at their ultimate levels B= ~l . r r--I s v = 22 l , . , - , I 221,. t~ r The initial ...- Authors: William A Dreher, James C Hickman, Malcolm D MacKinnon, Cecil J Nesbitt, Donald R Sondergeld, Robert C Tookey, Charles L. Trowbridge, Dorrance C. Bronson, Harwood Rosser
- Date: Mar 1963
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Transactions of the SOA
- Topics: Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Defined benefit plans; Pensions & Retirement>Funding
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A Family of Accrued Benefit Actuarial Cost Methods
(p.p.d.f.). Our discussion will center on p.p.d.f.'s such that re(x) >_ O, a ~_ x "~ r, and f, 'm(x)dx ... accelerating cost method; if s < O, this method will result in a decelerating one. As s--* O, we note that this ...- Authors: Steven L Cooper, James C Hickman
- Date: Jun 1967
- Competency: External Forces & Industry Knowledge
- Publication Name: Transactions of the SOA
- Topics: Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Funding
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Amortization of Gains and Losses under Certain Projected Benefit Cost Methods
liabilities are discounted for interest and mortality. Then NI NCx = D'-~ TLo(1 -[- i) Jr" NER ... ~ q.-1 N , , - Ne5 D~ Sx ," DAR = ~ N. --DxN85 S . . IG is the interest gain. Since TLo -- A o = ...- Authors: Paulette Tino
- Date: Oct 1975
- Competency: Technical Skills & Analytical Problem Solving>Problem analysis and definition
- Publication Name: Transactions of the SOA
- Topics: Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Defined benefit plans; Pensions & Retirement>Funding
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Introduction to the Dynamics of Pension Funding
populations subject to fixed rates of fertility and mortality (see, for example, Keyfitz [7]). This theory ... for a participant aged x at time 0 is s(x), a <_ x < r, and that s(x) remains as a base factor for salary ...- Authors: Newton L Bowers, James C Hickman, Cecil J Nesbitt
- Date: Oct 1976
- Competency: Technical Skills & Analytical Problem Solving>Innovative solutions
- Publication Name: Transactions of the SOA
- Topics: Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Funding
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Discussion of Papers Presented at Earlier Regional Meetings
Equation (3) then becomes "Yo~ = (V / i i ; l - B)/(1/S~-O = (1 + i )"V -- B~- t . (7) Use of equation ... from equation (8) that VFN must not be less than s~. The first of these bounds was noted by Trowbridge ...- Authors: Barnet N Berin, Cecil J Nesbitt, John R Taylor, Charles L. Trowbridge, Schuyler W Tompson
- Date: Apr 1967
- Competency: External Forces & Industry Knowledge
- Publication Name: Transactions of the SOA
- Topics: Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Funding
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The Generalized Family of Aggregate Actuarial Cost Methods for Pension Funding
a is the reciprocal of the average temporary annuity, weighted by l,. When t - -1 r - -1 we obtain ... For Class IV methods, a, is an average temporary annuity, weighted by normal costs (or by benefits, if ...- Authors: John R Taylor
- Date: Apr 1967
- Competency: External Forces & Industry Knowledge
- Publication Name: Transactions of the SOA
- Topics: Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Funding