Description: This session from the 1976 Fall SOA meeting is about pension plan problems of state, provincial and local governments included topics are differences between public and private plans, in particular the funding difficulties of the New York City pension plan.

Description: This meeting session, which occurred at the June 1980 SOA meeting in San Deigo, covered issues related to Public/Municipal Pension Plans. The questions discussed inlcuded: 1. How do public/municipal plans differ from corporate plans? How should they differ? 2. Are traditional closed-group, reserve-accumulating valuation methods appropriate? 3. What would be the impact of universal Social Security coverage? 4. Is appropriate actuarial advice being given to public/municipal plan boards? From Record of Society of Actuaries, Vol. 6, No. 3.