Description: This report compares the CIA pricing method for estimating group annuity closeout pricing to methods used in the US.

Description: This section presents and summarizes insurance-related legal cases of 1953 including: 1. GROUP ANNUITY CONTRACTPERPETUAL OBLIGATION: Freeport Sulphur Company v. Aetna Life Insurance Company, 2. SERVICE OF PROCESSUNAUTHORIZED INSURER: Parmalee v. Iowa State Traveling Men's Association, 3. ORAL PLEDGE OR ASSIGNMENTCREDITOR'S RIGHT: Commercial National Bank v. Chapman, 4. DOUBLE INDEMNITYMILITARY EXCLUSION: Weissman v. Metropolitan Life Insurance Company, 5. LIQUIDATION OF MUTUAL COMPANYJURISDICTION OF INSURANCE COMMISSlONER: Allyn v. Hull, 6. AVIATION EXCLUSIONPARACHUTE JUMP: Smith v. Mutual Benefit Health and Accident Association, 7. SETTLEMENT OPTIONTESTAMENTARY DISPOSITION: Hall v. Mutual Life Insurance Company, 8. PURCHASE OF HOME OFFICE PROPERTYINSURANCE SUPERINTENDENT'S APPROVAL: Guardian Life Insurance Company vs. Bohlinger, 9. LOAN VALUE: DISABILITY AND DOUBLE INDEMNITY RESERVES: Chastang v. Mutual Life Insurance Company, 10. CONVERSION OF GROUP INSURANCESUICIDE: Lineberry v. Security Life and Trust Company, 11. DOUBLE INDEMNITYMILITARY EXCLUSION: Western Reserve Life Insurance Company vs. Meadows

Description: In March this year a charter for the new corporation, the College Retirement Equities Fund, was granted by the State of New York and it is expected that within a few months the Fund will begin operations as a supplement to TIAA annuities. The purpose of this paper is to describe this rather novel type of corporation, which presents some unusual and interesting actuarial problems. Comparisons of the performance of fixed annuities vs. variable annuities are provided.

Description: The failure of a few large life insurers in the early 1990's led to public concern about the safety of annuities purchased by qualified retirement plans. As a result, the Department of Labor issued guidelines, known as the 'Safest Annuity Rule,' for selecting annuity providers. This study examines whether the Safest Annuity Rule is significantly changing the market for insured annuities issued to tax-qualified pension plans, particularly upon the termination of defined benefit plans. From Transactions of Society of Actuaries 1997-98 Reports.

Description: This actuarial note presents a comparison of mortality rates and The Prudential 1950 Group Annuity Valuation Table. From Transactions of Society of Actuaries 1950, Vol. 2, No. 4.

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: The Society of Actuaries' Group Annuity Experience Committee has completed this experience update, which presents the 2015 through 2016 calendar year experience of retired individuals in the United States who are covered under group pension contracts. This update compares these most recent two years of available experience to the 2011-14 period and analyzes how the recent data affects aggregate annual mortality improvement in the group annuity experience data since 2007.

Description: This is a discussion of the title paper by Raymond F. Houseman, which provides some practical aspects of various funding methods. The paper is critiqued, and some alternative methods are discussed.

Description: This paper discusses the administration and valuation of ill-health terminations under group annuities. From Transactions of Society of Actuaries 1959, Vol. 11, No. 29 AB.

Description: This paper concentrates on the issue of determining interest rates for pricing the guaranteed purchase rates at time of retirement under a group annuity contract, but the technique developed can also be applied to possible variations from expected mortality. A discussion of this paper is included.