Description: Paper examines the asset allocation behavior of state and local pension plans.

Description: The objective of this discussion is two-fold: To provide insight into the ingredients of an investment program, performance objectives and in related goals and to sensitize actuaries to the investment process. From Record of Society of Actuaries, Vol. 1, No. 3.

Description: This document is a summary of a session which was presented at the 1975 SOA Annual meeting. It includes discussions on the following topics: Effects of ERISA on valuation methods, discussion of Claude Y. Paquin's paper A Review of Actuarial Cost Methods for Defined Benefit Pension Plans, funding standard account, asset valuation and allocations, plan mergers, a discussion of Josiah M. Lynch's paper A Practical Approach to Gains Analysis, information related to Individual policy pension trusts.

Description: This paper will describe why self-insurance is less attractive with transparent-accounting rules, and the will examine two strategies an employer can execute to reduce the plan's and the plan participant's risks.