Description: This is an open forum discussion is about: 1. The IRC Section 410b minimum coverage rules and average benefits percentage test, and 2. The IRC Section 401a4 non-discrimination rules for determining the comparability of benefits provided to highly compensated and non-highly compensated employees. From the Record of the Society of Actuaries Vol. 16, No. 4B.

Description: This paper describes the features of the Retirement Shares Plan RSP, a new concept in pension benefit design, as an alternative to traditional defined benefit or defined contribution retirement plans. An RSP transfers the invesmtent risk to plan pariticpants while retaining and pooling the longevity risk. From 2006 Re-Envisioning Retirement in the 21st Century Symposium, M-AS06-2.