Description: Responding to Sandy Mackenzie's "Report", these comments primarily suggest additional disclosures for assessing public pension plan financial health.

Description: Challenge to actuarial business as usual in re public pension plans with a focus on setting actuarial standards of practice

Description: The author presents his views on the funding of the French rail workers’ pension system.

Description: This is a letter to the readers of the newsletter describing the content of the publication.

Description: Recent studies have suggested that teachers would be better off with DC or Cash Balance plans than with DB. Detailed data from CalSTRS support the opposite.

Description: Discusses the Survivor Benefit Plan SBP for the Uniformed Services from an actuarial perspective.

Description: The Total Career Benchmark Model, consistent with Retirement 20/20 principles, focuses on reconstructing and maintaining a consistent and reasonable sharing of risks and rewards amongst the four stakeholders: Individuals, Society, Employers and the Markets. Modern technology provides the necessary tools. A series of benchmarks are used for tax limits, target pensions, accrual to date etc. The self adjusting, consistent benchmarks under the TCB Model, means that all stakeholders speak the same language. Individuals and Employers can easily compare what they have to what they need – and more importantly can see how to accrue what is needed. An individual’s ability to tax shelter income over a career is not dependent on the design of any employer pension plan. All funds allocated to an individual remain the individual’s and are not used to subsidize another person – except for the inherent risk sharing of an annuity – by hidden transfers of value.

Description: Article Retirement To Chaos by Smith in The Actuary, March 1979, Volume 13, Number 3

Description: The article discusses the Texas Pension Review Board's Guidelines for Actuarial Soundness applicable to Texas state public retirement systems (including the system's amortization period), and how these guidelines are consistent with and complementary to both the current GASB 27 ARC disclosure, and the imminent GASB 67 & 68 disclosures. The GASB requirements will change from a de facto funding standard to strictly disclosure requirements, with a focus on plans whose funding trajectory is the poorest.

Description: Article from The Actuary, September 1989 – Volume 23, No. 8 summarizing the 1989 Annual Report of the Board of Trustees of the U.S. Federal Old-Age, Survivors, and Disability Insurance OASDI Trust Funds usually referred to as the 1989 OASDI Trustees Report released in April 1989.