Description: Attendees gain an understanding of common practices, differences between industries and the role of the actuary in the bargaining process. From the Record of the Society of Actuaries, Volume 28, No. 2, Session 10PD

Description: This session from the 1984 SOA Salt Lake City Meeting discusses how investment policies and strategies for pension funds are often developed independently of liability considerations. This session looks at the probable mismatch of asset and liability cash flows, the extent of problem, the actuarial concern with certification of assets and structuring the fund to recognize the relationship between assets and liabilities.