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  • Revisiting Pension Actuarial Science: A Five-Part Series – Part 4, Fair Value of the Liability – The Residual Benefit Liability
    value model for financial instruments should take care to simulate the operation of all moving parts ... principals. As mentioned previously, one of the primary conditions for Modigliani-Miller’s irrelevance ...

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    • Authors: James Rizzo, Krzysztof Ostaszewski, Piotr Krekora
    • Date: Jun 2010
    • Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Topics: Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Public sector plans; Pensions & Retirement>Risk management
  • Modigliani, Miller and Mortgages
    predation offered is embarrassing. Predators, who do not care about having food, even if the food (called profits ... the most of the history of mankind has been a direct appeal to the borrower for some form of renegotiation ...

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    • Authors: Krzysztof Ostaszewski
    • Date: Sep 2009
    • Competency: Strategic Insight and Integration>Big picture view
    • Topics: Economics>Financial markets
  • Revisiting Pension Actuarial Science: A Five-Part Series
    the world all around us. The methods and degree of care employed in building a fence depends on the purpose ... Obligation (CBO) for OPEBs While this paper’s primary focus is measuring the liabilities of public sector ...

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    • Authors: James Rizzo, Krzysztof Ostaszewski, Piotr Krekora
    • Date: Jun 2010
    • Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Topics: Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Public sector plans; Pensions & Retirement>Risk management
  • Revisiting Pension Actuarial Science: A Five-Part Series – Part 1, Fair Value of the Liability – The Contractual Benefit Obligation
    Obligation (CBO) for OPEBs While this paper’s primary focus is measuring the liabilities of public sector ... pensions. We must begin to include OPEBs in the primary discussions. Having said all that, this paper focuses ...

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    • Authors: James Rizzo, Krzysztof Ostaszewski, Piotr Krekora
    • Date: Jun 2010
    • Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Topics: Annuities; Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Public sector plans; Pensions & Retirement>Risk management
  • 2005 Living to 100 and Beyond Monograph: Impact of Aging Populations
    2005 Living to 100 and Beyond Monograph: Impact of Aging Populations Discussion among experts. ... family system where the sons and daughters are taking care of their aged parents. How does the system work ...

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    • Authors: Application Administrator, J Bruce MacDonald, Krzysztof Ostaszewski, Lijia Guo
    • Date: Jan 2005
    • Competency: External Forces & Industry Knowledge
    • Topics: Demography>Longevity
  • Asset-Liability Integration, Chapter 4: Trading in Human Capital
    Asset-Liability Integration, Chapter 4: Trading in Human Capital Discussion of Human ... securitization procedure used by banks has been direct loan sales. Life insurance can be viewed as securitization ...

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    • Authors: Krzysztof Ostaszewski
    • Date: Jan 2003
    • Competency: External Forces & Industry Knowledge>Actuarial theory in business context
    • Topics: Finance & Investments>Asset liability management
  • Asset-Liability Integration, Chapter 1: What Are Financial Intermediaries Paid For?
    Asset-Liability Integration, Chapter 1: What Are Financial Intermediaries Paid For? The creation ... position in corporate securities (and similar primary securities, as Saunders terms them), and a short ...

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    • Authors: Krzysztof Ostaszewski
    • Date: Jan 2003
    • Competency: Technical Skills & Analytical Problem Solving>Incorporate risk management
    • Topics: Finance & Investments>Asset liability management
  • Asset-Liability Integration, Chapter 6: ALM of Social Insurance
    Asset-Liability Integration, Chapter 6: ALM of Social Insurance Discussion of the US Social ... large T, the opposite could be true. ● There is an direct relationship between R and T, as well as between ...

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    • Authors: Krzysztof Ostaszewski
    • Date: Jan 2003
    • Competency: External Forces & Industry Knowledge>Actuarial theory in business context
    • Topics: Finance & Investments>Asset liability management; Social Insurance>Social Security
  • Revisiting Pension Actuarial Science: A Five-Part Series – Introduction to the Series
    Revisiting Pension Actuarial Science: A Five-Part Series – Introduction to the Series Introduction ... the world all around us. The methods and degree of care employed in building a fence depends on the purpose ...

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    • Authors: James Rizzo, Krzysztof Ostaszewski, Piotr Krekora
    • Date: Jun 2010
    • Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Topics: Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Public sector plans; Pensions & Retirement>Risk management
  • Revisiting Pension Actuarial Science: A Five-Part Series – Part 5, Fair Value of the Liability – Consider the Measurement Purpose
    Revisiting Pension Actuarial Science: A Five-Part Series – Part 5, Fair Value of the Liability ... are private sector liabilities. Furthermore, the primary purpose of this paper is to demonstrate that ...

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    • Authors: James Rizzo, Krzysztof Ostaszewski, Piotr Krekora
    • Date: Jun 2010
    • Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Topics: Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Public sector plans; Pensions & Retirement>Risk management