Description: The Actuary Vol. 22, No. 1. This article discusses the impact of a change in procedure in the financing of the US Military Retirement System. The change requires amortizing the past service liability. The impact will depend upon whether the amortization is achieved by increasing current taxes and decreasing the current deficit, or by merely increasing the national debt and leaving the current deficit unchanged. The author asserts that the new financing method will not weaken the financial condition of the military retirement system, and that it has the potential to strengthen its financial condition if the funding of the past service liability is handled appropriately.

Description: A discussion of the various Pension Plan Asset Valuation Methods. FromThe Pension Forum, August 2001, Volume 13, Issue No. 1.

Description: This article discusses the cost of vesting under TEFRA's accelerated benefit accrual and vesting rules for top-heavy plans.

Description: This is an essay on the measurement of the reasonableness of each individual non-economic actuarial assumption. From the Pension Section News, September 2008, Issue No. 68.

Description: This article explores how differing sets of seemingly reasonable assumptions can provide materially different results in a pension valuation.

Description: Article provides an excellent summary of the importance of mathematics, computer models for determining the future for human-based financial security models, and the importance of recognizing how human behavior effects the financial security program.

Description: A review of the actuarial aspects of Cash Balance Retirement Plans and original actuarial research regarding the design and valuation of such plans.

Description: In this paper, how various factors affect the mortality of retirees is investigated. It is found that the effect is often different for older ages than for younger ages. The method to develop actuarial models that take into account the factors will be discussed. From Actuarial Research Clearing House, Volume 38, No. 1.

Description: This article is about the value of fringe benefits, specicifically of pension benefits earned while married in the event of divorce or marital dissolution. It centers around the assumptions which should be used to determine the present values and shows applicable equations to be used.

Description: This paper discusses an asset smoothing technique where the asset values are adjusted based on reasonable investment indices. From The Pension Forum, August 2001, Volume 13, Issue No. 1.