Description: Other Post Employment Benefits OPEB deals with the promise of providing coverage for post employment non-pension benefits such as health care and life insurance. This article focuses on the recent implementation of GASB No. 43 and 45 which requires public entities to value and recognize the liability of post employment non-pension benefits.

Description: A summary of learnings about multiemployer and public plans. Encouraging all retirement actuaries to become better educated on the various sectors of the retirement industry. Take time to meet actuaries from other sectors to learn about their experiences and challenges. We’ll all benefit when we have a better understanding of each other and focus on areas of common concern rather than our differences

Description: Presented for discussion are two research reports: Public Employee Retirement Plans Research: Experience Studies, Valuation Reports and Unfunded Liabilities, and Pension Plan Termination in Ontario since 1988. From the Record of the Society of Actuaries, Vol. 21, No. 4a.

Description: Retirement plan trustees are tasked with retirement plan administration. Trustees are responsible for hiring service providers and monitoring the quality of their work. This article discusses actuarial audits as a due diligence tool for public plan trustees.

Description: Reflecting Congressional desire for unified reports on all Federal retirement systems, Public Law 95-595, signed by the President in October 1978, requires annual reports from these systems similar to the ERISA reports from private sector plans. The author, as Chief Actuary of the DoD, discusses the first report produced.

Description: A response to American Legislative Exchange Council's report "Unaccountable and Unaffordable" in light of applicable Actuarial Standards of Practice.

Description: In February 2008, the American Academy of Actuaries and and the Society of Actuaries Pension Section Council co-sponsored a lively roundtable discussion of the role of funding, disclosure and investment for public pension plans. This article presents the author’s observations and interpretations of the roundtable discussion.

Description: The U.S. Bureau of the Census has rightfully earned a reputation for technical excellence. However, the author has run across an instance where this venerable, distinguished agency went sadly astray - namely, in connection with the number and proportion of employees of state and local governments who are covered by Social Security and Disability Insurance.

Description: This is the discussion to the paper, The Actuarial Implications of the 1951 Railroad Retirement Amendments by Joseph Musher. From Transactions of Society of Actuaries 1952, Vol. 4, No. 10.

Description: A comparison of Social Security benefits, for a hypothetical new entrant to the program, between the 1972 Social Security Act and the 1977 Social Security Act.