Description: 1994 SOA Meeting, San Antonio. This session covered the SEC letter on FAS 87, discount rates analyzing the current yield curve, matching bond portfolios to benefit payments, selection of salary scale, selection of return on assets, update on ASB proposed standards, and the relationship, if any, of funding assumptions to accounting assumptions.

Description: 1993 SOA Annual Meeting, New York. This session debated the merits of the PBGC concept. Topics discussed: 1. The administration's proposal to reform the PBGC and how the PBGC plans to go about it. 2. Is the PBGC in trouble?

Description: The purpose of this paper is to outline some of the points to be considered in arriving at a method of making cost estimates and funding calculations and their practical application.

Description: This section contains multiple book reviews and notices concerning the actuarial profession. Reviews: 'Medical Risks: Patterns of Mortality and Survival' by Singer and Levinson, 'The Theory and Practice of Pension Funding' by Trowbridge and Farr, 'Two Stochastic Processes' by Beekman, 'Disability Income Insurance - Cost Differentials between Men and Women' by New York Insurance Department, 'Social Security and Private Pension Plans: Competitive or Complementary' by McGill, 'A New Look at Accounting for Pension Costs' by Hall and Landsittel, '1977 Annual Reports of the Board of Trustees of the Federal OASDI Trust Funds...,' 'Investigation of Sickness Statistics - Individual Policies, 1971 and 1973' by the Institute of Actuaries and the Faculty of Actuaries, 'The Graduation of Pensioners and of Annuitants Mortality Experience 1967-70' by the Institute of Actuaries and the Faculty of Actuaries, 'Pensions and Survival - the Coming Crisis of Money and Retirement' by Calvert, 'Group Benefits in a Changing Society' by Spencer, 'Experience of Disabled Work Benefits under OASDI 1965-74' by Bayo and Wilkin. Digests also included.

Description: This paper explores and develops some initial ideas of roll-forward reserve funding of Social Security. It reports on the work of actuarial students and teachers for an 8-week study period coordinated with the National Science Foundation program of Research Experience for Undergraduate grants. From Actuarial Research Clearing House 1994, VOL. 1.

Description: This study observes the effect of different factors on the average and standard deviation of both the cost ratio and funding level. From the Actuarial Research Clearing House, January 1996, VOL. 1.

Description: This panel discussion which was presented at the 1976 SOA Spring Meeting in Houston focused on pension funding vehicles. Topics included: choice of vehicle, investment mix, fund management by insurance companies vs. corporate trustee and outside investment advisers, plan terminations.

Description: This paper improves Chapter 2 of 'Mathematics of Pension Funding' - Part 7 Study Notes. Key formulas are derived in a more general fashion than in the Study Notes.

Description: In this paper the author shows that the aggregate claims distribution of a portfolio modeled by a mix of the individual and collective models can be obtained with a single recursion under some conditions. He discusses why the collective model is not necessarily an approximation of the individual model in the context of pension funds, for example. An application to a Swiss pension fund is presented. From Actuarial Research Clearing House 2003, Vol. 1.

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.