Description: The author shares the story of his actuarial career and provides insight into the development of retirement today and the past and future of the pension actuary.

Description: A discussion of where insurance companies and their products fit in the retirement asset market and trends over the past few decades. Some historical data on the insurance companies' share of retirement assets is included.

Description: Response to David Kausch’s comments on the paper.

Description: This article discusses some of the ideas of pension finance, how to present such information, and how it was presented to the New York City Retirement Systems (NYCRS) in a way that made it available to other interested parties, including the public.

Description: The traditional defined-benefit (DB) plan is a type of plan structured to provide the greatest degree of retirement income security, designed to pay out a guaranteed retirement income for the life of the retiree (and, when applicable, a beneficiary). However, over the last several decades, the number of private-sector employees covered under these traditional plans has decreased dramatically and been replaced by defined contribution (DC) plans. In contrast, public-sector retirement plans, which are exempt from ERISA, have seen a much smaller decline in DB plans. There are many differences in the private and public sector that likely contributed to this phenomenon, but ERISA and the many amendments to it has been a major factor.

Description: This presentation made at the 1975 Spring Cincinnati Joint Meeting of the Conference of Actuaries in Public Practice and Society of Actuaries and it highlights the actuary as the architect in the pension planning field which includes the following tasks: designs the plan, determines its cost, and sees to it that it is put into operation effectively.

Description: In this video Steve Siegel, a Senior Practice Research Actuary at the Society of Actuaries Research Institute, discusses a study focusing on the retirement planning of 35 to 45 year olds. The study explores how income, family dynamics, and other factors influence retirement decisions. Despite the importance of retirement, many participants hadn’t deeply considered it, and obstacles such as financial stress and uncertainty hindered their saving efforts. The report offers recommendations for future research and tools to help individuals better envision their retirement lifestyles. Contributors: Steve Siegel, ASA, MAAA; Rose Northon; Jon Forster ASA, MAAA

Description: This session from the 1983 SOA Atlanta Meeting covers the current developments on the Unisex rating issue including judicial, statutory, political, regulatory and the future outlook. It also looks at the blending approaches to represent unisex factors and the impact of the Norris decision on TIAA-CREF.

Description: In this video, Steve Siegel, a Senior Practice Research Actuary at the Society of Actuaries Research Institute, introduces a report titled “What Retirement Plan Features Do Employees Really Want?” He discusses the methodology behind the research, which involved a survey and around 25,000 adults in the US using Conjoint Analysis. Siegel highlights key findings from the report, including preferences relating to retirement planning, availability of retirement plans, accessing benefits, risk tolerance, and leaving a legacy. He also mentions the Choice Simulator Tool, an Excel dashboard developed to explore benefit preferences further, and available for download. Contributors: Steve Siegel, ASA, MAAA; Rose Northon; Jon Forster ASA, MAAA