Description: Chapter 7 of the Models for Retirement Policy Analysis. This chapter describes the Social Security Administration's system of assumptions and modeling techniques used to project the finances of the Federal Old Age and Survivors Insurance OASI and Disability Insurance DI trust funds.

Description: Chapter 6 of the Models for Retirement Policy Analysis. This chapter describes DYNACAN, a dynamic microsimulation model developed and maintained in the Office of the Chief Actuary OCA of the Canada Pension Plan. It simulates the basic demographic and economic events relevant for calculation of CPP contributions and benefits. The strengths and limitations of the approach are addressed as well as accessibility and ease of use.

Description: Chapter 11 from the Models for Retirement Policy Analysis. PIMS is a microsimulation model that produces a distribution of PBGC’s exposure over a defined time interval. This chapter describes the major components of PIMS, the data types in PIMS, the PIMS simulation process, simulation activities, and current output.

Description: Chapter 9 of the Models for Retirement Policy Analysis. This chapter describes SSAIM, which is a policy simulation model of the Old Age and Survivors Insurance and Disability Insurance Social Security programs.

Description: The purpose of this report is to start an informed debate on the issues surrounding the treatment of diversification in the solvency assessment of insurers. The members of the Chief Risk Officer Forum herein suggest a framework for how diversification should be treated within a prudential regulatory framework.

Description: Discussion papers on a paper dealing with minimum statutory nonforfeiture values for retirement annuity contracts.

Description: A study on modeling for retirement policy analysis. This initial chapter describes the scope of the project with detail on the variety of modeling approaches reviewed.

Description: Chapter 5 of the Models for Retirement Policy Analysis. This chapter describes CORSIM, the Cornell Microsimulation Model, which is a large dynamic microsimulation model developed and maintained at Cornell University. CORSIM is a large-scale dynamic microsimulation model. It simulates the basic demographic and socioeconomic events that characterize the socioeconomic conditions of the population. Strengths and limitations of the approach are addressed as well as accessibilty and ease of use.

Description: Chapter 2 of the Models For Retirement Policy Analysis. This chapter describes microsimulation analysis and the basic features of microsimulation models. It provides background for the description of each of the microsimulation models reviewed in this report. Strengths and limitations of these models are addressed.

Description: Chapter 10 of the Models for Retirement Policy Analysis. This chapter describes the Macroeconomic-Demographic Model of the U.S. Retirement Income System used to investigate alternative approaches to investment of the OASDI trust funds.