Description: This is a discussion of the title paper by Robert M. Duncan which outlines the use of a contributory money purchase plan with death benefits, and investments in equities, to fund pensions. The approach is critiqued.

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 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: Actuarial Assumptions for Pension Plans Invite Arbitrage The Case of Pension Obligation Bonds by Jeremy Gold from Risks and Rewards Newsletter, September 2000, Issue No. 35.

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 paper develops a simplified model for a pension fund, both deterministic and stochastic versions are presented. The probability distribution of the fund is derived incorporating the claims distribution and other parameters. Expected value and the variance of the fund are derived. Modifications required for the model when the interest rate is a moving average process are developed. From Actuarial Research Clearing House 1998 Vol. 2.

Description: It is the objective of this paper to highlight and analyze the difference in funding level per participant in the context of a specific situation when determined on an aggregate basis versus an individual basis. From Transactions of Society of Actuaries 1986, Vol. 38.

Description: This paper presents a procedure that can be used to find an efficient frontier for the variability in the contribution rates for pension plans. From the Actuarial Research Clearing House, January 1996, VOL. 1.

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: 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.