Description: The paper demonstrates that the most popular rationalization for evolving glide paths is flawed and should be discarded. The paper also demonstrates that glide paths should generally evolve for investors that endeavor to optimize outcomes and reevaluate their portfolios regularly.

Description: Legislative changes and the economic environment have created a need for plan sponsors to understand and manage pension risk and volatility. Dynamic asset allocation glidepaths reduce risk as plans become better funded. But what about the risk that plan sponsors face when their plans are underfunded? The presenters will discuss the challenges of managing pension risk when assets don't keep pace with liabilities.

Description: This paper discusses mathematical modeling and pricing of 'Stable Value' financial products offered to pension plan providers. These products target a risk-averse population of investors who have a significant preference for a stability of returns. The paper offers a quantitative methodology that reflects a decision making process applicable in the situation of incomplete markets where traditional arbitrage free arguments are invalid.

Description: Panelists at this session of the SOA 1998 Maui II Spring Meeting present methods for scenario generation and establishing stochasitc models for pension plans.

Description: This session at the SOA 1990 Dallas Spring Meeting is about the importance of matching assets and liabilities within a pension plan. Models, methodology and strategy for accomplishing ALM are discussed.