Description: The title for this session is a little ambiguous. The panelists do not say much about the ins and outs of how to tax retirement income plans. Rather, they talk about why tax policy works as it does and how it relates to pension policy. It becomes evident from the discussion that pension policy and tax policy are hard to separate. From the Record of the Society of Actuaries Vol. 17, No. 3B.

Description: This discussion is about the issues and problems under the new IRS rules effective in 1989 for pension plans integrated with Social Security. From Record of the Society of Actuaries Vol. 15, No. 1.

Description: The Federal Employees' Retirement System 'FERS', enacted into law on June 6, 1986, covers civilian employees of the U.S. Government who were hired after 1983. FERS supplements Social Security with a basic annuity plan and a thrift-savings plan. The Civil Service Retirement System 'CSRS' remains in effect for employees hired before 1984 who do not elect to transfer to FERS. Besides discussing the benefit changes, this paper covers the following related subjects of broader interest: 1. The federal legislative process, including the roles of interest groups, the Congress and the Administration, and the actuaries assisting them, 2. Investments in stocks and bonds by the new thrift plan, and why these use index funds, and 3. How FERS serves as a model for other large public retirement systems, using a defined contribution plan to help meet its retirement objectives and giving the private sector opportunities to provide benefit services. From Transactions of Society of Actuaries 1988, Vol. 40, Pt. 1.

Description: Discusses the Tax Reform Act of 1986 and the limits taking effect in 1989 relative to Social Security integration, final- and career-average and offset plans, and defined-contribution plans. From the 1988 Record of Society of Actuaries, Vol. 14, No. 4B.