Description: This paper sets out the basic principles of federal income taxation of annuity payments, together with the general rules for determining which of two possible methods must be used and the general formulas to be used. From Transactions of Society of Actuaries 1968, Vol. 20, Pt. 1, No. 58.

Description: In this paper, David H. Berne demonstrates mathematically how insurance and annuity premiums can be expressed as weighted averages of compound interest functions. These concepts are expanded on in the paper and discussion. The author noted his approach was to demonstrate the averaging process that goes into the development of actuarial present values, and to provide a new look at the meaning and use of weighted averages. From the 1961 Transactions Vol. 13, No. 36 AB.

Description: The Funding Standard Account was introduced by ERISA to determine a defined benefit plan's compliance with the minimum funding standards of the law. In this article, the author discusses the following aspects of the Funding Standard Account: 1. Combining and offsetting Funding Standard Account amortization charges and credits, 2. The Full Funding Limitation Credit, 3. The Alternative Minimum Funding Standard Account, and 4. The minimum contribution required to assure avoidance of an Accumulated Funding Deficiency.

Description: This discussion at a 1967 Regional Meeting is about methods of allocating investment income using the investment year method, the treatment of unrealized capital gains, considerations in choosing interest assumptions, and challenges presented when comparing investment yields among companies.

Description: This article describes the Investment Year Method for allocation of general portfolio investment income and demonstrates the equivalence of a fixed index or declining index system.