Description: This paper introduces the author's globalization model of work and retirement in the 21st century. To make the model work, there is a need for a prototype social security system with many desirable features called National Provident Fund for each nation.

Description: This paper examines concepts from both financial economic and actuarial science as applied to defined benefit schemes using a simple discounted cash-flow framework as a reference point. From Current Pension Actuarial Practice in Light of Financial Economics Symposium, M-RS04-1.

Description: List of Tables. From Retirement Implications of Demographic and Family Change Symposium Monograph, M-RS02-2.

Description: This article is a summary of the authors’ two other articles where they discuss pension systems and whether they do in fact distort retirement decisions.

Description: Transcript of the Q&A period from session 1B.

Description: We propose an age-shift model to modify the LC model and deal with the problem of parameters. The proposed method attains smaller estimation errors with respect to mean absolute percentage error or mean square error. We also apply the proposed age-shift model to the mortality rates of these four countries to evaluate the longevity risk in annuity products by measuring life expectancy.

Description: This paper offers a preliminary exploration of the implications of alternative mandatory annuity designs in a privatized Social Security environment. From Retirement Needs Framework, M-RS00-1.

Description: This paper compares the development of the more flexible reporting for pension commitments by the sponsoring employer in Australia to the standard-driven reporting in the United States and the United Kingdom. From Current Pension Actuarial Practice in Light of Financial Economics Symposium, M-RS04-1.

Description: This paper examines how income sources change when married women in Britain, the U.S., and Germany are widowed, and it draws inferences about the income consequences of specific retirement and survivorship provisions. .