Description: Panel discussion on inflation's impact on business procedures, contingency plans, long-term benefit levels, and determination of financial reporting items such as future reserves, surplus levels, operating expenses, and net gains. Presented at the Spring 1975 Meeting in Los Angeles.

Description: This paper concludes that there are two index rates that could best replace the 30-year Treasury in the calculation of the Current Liability of a pension plan - either the 30 year swap rate or the benchmark 30-year FNMA bond.

Description: View the complete issue for the August 2014 Reinsurance News newsletter.

Description: Majority of Latin American Consumers Worry About Financial Security in Retirement Yet Only 20% Have Done Any Planning:

Description: Jill Hoffman’s report on 2010 actuarial activities in Singapore and Cathy Lyn’s report on the 2009 activities in the Jamaica .

Description: An analysis of the revamped state sponsored retirement income pension gives insight into design and funding elements that might figure in reforming social security in the United States.

Description: Interest rate changes and volatile equity returns have contributed to significant funding and expense volatility for defined benefit plans in recent years. This paper will describe the design of an option contract with payouts that are tied to the combined impact of interest rates and investment returns on the funding level of a defined benefit pension plan. Current derivatives used by plan sponsors can limit exposure to one of these risks; however, a derivative that combines these risks may provide more targeted protection to a plan sponsor at lower cost. This paper discusses several considerations in designing such a derivative. It will also briefly discuss pricing of the option. Finally, the difference in potential outcomes between plan funding with and without option ownership will be demonstrated. As an outcome of the design work, a new way to visualize pension risk that may be useful in sponsor accounting disclosures will be shown.

Description: The objective of this study is to measure the amount of surplus which would be needed by a pension plan to account for the risk of insufficient return on assets. From Current Pension Actuarial Practice In Light of Financial Economics Symposium, M-RS04-1.

Description: The results of new research on the current state and future opportunity of the retirement market in China.

Description: Interview with Karen Lockridge, FSA, FCIA and Francisca Quinn regarding fiduciary concerns with and future outlook for Environmental, Social and Governance (ESG) investing.