Description: Chapter 7 of the Models for Retirement Policy Analysis. This chapter describes the Social Security Administration's system of assumptions and modeling techniques used to project the finances of the Federal Old Age and Survivors Insurance OASI and Disability Insurance DI trust funds.

Description: The purpose of this paper is to examine the status of pensions today in this country, with a few backward glances on how we got here and a little contemplation of whither we may go perhaps, willy-nilly. From Transactions of Society of Actuaries 1949, Vol. 1, No. 1.

Description: Through a review of legislative and policy provisions, this paper highlights national differences in retirement policy and identifies alternative retirement policy strategies. The countries studied are France, Germany, Japan, Sweden, the Netherlands, the United Kingdom, and the U.S. In addition to the traditional tools of retirement policy, normal, deferred and early retirement, other areas of policy with a potential impact on retirement are studied. Data on retirement experience also are presented and discussed. From Transactions of Society of Actuaries 1993, Vol. 45.

Description: In 1995, Mexico replaced the public pay-as-you-go system by a privately managed system based on individual accounts. This paper analyzes the causes that made necessary the reform of the old Mexican pay-as-you-go pension system. A description of the modifications and current situation of the pension system also are discussed. The paper concludes that although the pension system has been modified during the last few years, there are still some weaknesses that have to be corrected to provide an appropriate retirement benefit to workers.

Description: Chapter 6 of the Models for Retirement Policy Analysis. This chapter describes DYNACAN, a dynamic microsimulation model developed and maintained in the Office of the Chief Actuary OCA of the Canada Pension Plan. It simulates the basic demographic and economic events relevant for calculation of CPP contributions and benefits. The strengths and limitations of the approach are addressed as well as accessibility and ease of use.

Description: Chapter 11 from the Models for Retirement Policy Analysis. PIMS is a microsimulation model that produces a distribution of PBGC’s exposure over a defined time interval. This chapter describes the major components of PIMS, the data types in PIMS, the PIMS simulation process, simulation activities, and current output.

Description: Chapter 9 of the Models for Retirement Policy Analysis. This chapter describes SSAIM, which is a policy simulation model of the Old Age and Survivors Insurance and Disability Insurance Social Security programs.

Description: A study on modeling for retirement policy analysis. This initial chapter describes the scope of the project with detail on the variety of modeling approaches reviewed.

Description: Chapter 5 of the Models for Retirement Policy Analysis. This chapter describes CORSIM, the Cornell Microsimulation Model, which is a large dynamic microsimulation model developed and maintained at Cornell University. CORSIM is a large-scale dynamic microsimulation model. It simulates the basic demographic and socioeconomic events that characterize the socioeconomic conditions of the population. Strengths and limitations of the approach are addressed as well as accessibilty and ease of use.

Description: Chapter 2 of the Models For Retirement Policy Analysis. This chapter describes microsimulation analysis and the basic features of microsimulation models. It provides background for the description of each of the microsimulation models reviewed in this report. Strengths and limitations of these models are addressed.