Description: This is the regular column written by the editor with information about the newsletter

Description: In this article the editor previews the issue.

Description: Introduction to the January 2017 issue of The Pension Forum.

Description: Duration and convexity provide a risk metric for pension plan sponsors. The formula for Effective Duration can be used to estimate the value of pension liabilities at different interest rates. A convexity adjustment should be applied to reflect the fact that the pension liability increase for a decrease in interest rates is greater than the pension liability decrease for an increase in interest rates. There will be a lower duration for rate increases and a greater duration for rate decreases.

Description: A new retirement option has been added to the defined benefit plan for federal workers to allow retirees to work part time while receiving part of their pension benefit.

Description: The editor previews the issue.

Description: This is a summary of the employer costs for pension plans published by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS) as of December 2013.

Description: The article has formulas for calculating the geometric return of a portfolio using the arithmetic return and the variance

Description: The article describes a dynamic investment strategy for defined benefit pension funds to de-risk the plan by changing the asset mix based on the funded ratio.