Description: A mathematical model is described which facilitates the comparison of different pension funding methods. Rates of return are assumed firstly to be random and then to be represented by an autoregressive model for the corresponding force of interest. From Actuarial Research Clearing House 1990, Vol. 1.

Description: This paper develops the theory for an exactly vested defined benefit model plan and is contrasted with the theory for a pure pension plan. From Actuarial Research Clearing House, 1978 , Volume 2.

Description: It is common for a pension plan to be amended to improve benefits in respects of service after the date of amendment. This will be referred to as a non-retroactive amendment. The application of the entry age normal and projected unit credit cost methods to this situation requires that a decision be made about the way to handle such an amendment. In this paper, these two cost methods and their application to such an amendment are considered in turn. From Actuarial Research Clearing House 1994, Vol. 1.

Description: This paper studies the variability of pension costs and fund levels under various funding methods. From Actuarial Research Clearing House 1990, Vol. 1.