Description: This session discusses two recent SOA research initiatives called FARM I and FARM II. From Record of Society of Actuaries, Vol. 30, No. 3.

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

Description: This session discusses how floating rate funding agreements, which have put options or short maturities, became an important product for many insurers in the 1990s. From the Record of the Society of Actuaries, Volume 27, No. 3, Session 29PD.

Description: This session provides attendees with an in-depth description of the process of terminating a defined benefit pension plan in the U.S. Discussion topics include required filings, selection of annuity provider and asset immunization prior to annuity purchase. From the Record of the Society of Actuaries, Volume 28, No. 2, Session 7pd.

Description: This study examines reductions in retirement benefits from the decline in defined benefit plans and increases in defined contribution plans during the past 20 years and what effect this has on workforce management. In particular how this change is affecting older workers’ decisions to retire and what effect this could have on companies. An underlying assumption implicit in evaluating the benefit of retirement of older workers is that productivity declines in old age while pay does not, leading to a pay productivity gap that could have an adverse effect on the employer from delayed retirement. The validity of this assumption was also examined.

Description: From a session at the Spring regional meeting of the Society of Actuaries held in Atlanta, Georgia, May 24-25, 1999 Panel examined the failure of three major life insurance companies in North America: Executive Life, Mutual Benefit, and Confederation Life, changes that have taken place in the aftermath of these failures, and the likelihood of future failures.

Description: The article is a summary of Session 9PD at the Society of Actuaries annual meeting in New Orleans in October 2001. Terminal funding the purchase of annuities by pension plans usually at plan termination and stable value GIC's became major product lines in the 1980's. This article describes the changes in the those products, the markets and regulatory environment.

Description: Presenters at session 115PD of the New York Annual Meeting provide an overview of structures used for credit enhancement of GICs as well as an understanding of how financial guarantees work in the GIC market. From the Record of the Society of Actuaries, Vol. 24, No. 3.

Description: This paper concludes that there are two index rates that could best replace the 30-year Treasury in the calculation of the Current Liability of a pension plan - either the 30 year swap rate or the benchmark 30-year FNMA bond.