Description: This 2005 presentation from the 40th Actuarial Research Conference is about equilibrium pricing models and valuations related to hybrid pension plans.

Description: A review of the actuarial aspects of Cash Balance Retirement Plans and original actuarial research regarding the design and valuation of such plans.

Description: This paper evaluates a number of hybrid pension plans, including hybrid plans used to provide social security benefits in some countries. The paper provides an overview of types of hybrid plans provided around the world.

Description: This issue of The Retirement Forum presents the four prize-winning papers from the Retirement 20/20 Call for Models for Public Pension Plans Contest, which was conducted in 2018, and includes commentary from reviewers of these papers and replies from the authors.

Description: This report presents the results of a survey conducted for the Society of Actuaries Pension Section Research Committee by Mathew Greenwald & Associates, Inc, March 2005. The purpose of the survey was to examine the prevalence of traditional and hybrid defined benefit pension plans in large organizations that have operations in the United States. The results of the study may prove useful to pension practitioners and policy makers wishing to gauge the effect of a recent US court ruling with potentially widespread implications for pension plans commonly referred to as cash balance plans.

Description: May 2016 issue of Pension Section News

Description: An interview with the director of research at International Foundation of Employee Benefit Plans

Description: This paper examines the history, reasons, and impact of the shift from traditional defined benefit plans to hybrid plans. Also discussed are the need for good communication, and for further regulation. From Cash Balance Symposium Monograph, M-RS02-3.

Description: The Defined Benefit 'DB' underpin Defined Contribution hybrid pension plan offers an attractive combination of benefit security and upside potential for pension plan members, and offers cost containment for employers, whilst still ensuring the provision of adequate equitable benefits. The DB underpin guarantee is valued and hedged as a financial option within the traditional funding paradigms of actuarial science. However, the average monthly hedging costs are time dependent and can be unstable when employees are close to retirement. This is the abstract of a paper that proposes some cost control approaches to reduce the volatility of the hedging cost.

Description: This paper considers a defined contribution DC plan, a cash balance plan, and traditional defined benefit DB plan with equal expected value at the assumed retirement age. Using utility as a measure of risk and participant preferences, the designs are particularly well suited to minimize participant risk, particularly while employees are accumulating retirement assets. From Cash Balance Symposium Monograph, M-RS02-3.