Description: In defined-benefit plans, a portability problem arises, especially in an inflationary economy. Final salary plans were designed to cope with inflation. However, transfer of employment during a career can result in long service at a prior employer with outdated final compensation and short service at a current employer with appropriate final compensation. Thus the problem. This presentation discusses possible solutions. From the Record of the Society of Actuaries Vol. 17, No. 3A.

Description: At this presentation, the Executive Director of the Pension Benefit Guaranty Corporation talks about some recent pension plan terminations what can be done to protect pensions without upsetting the delicate balance of some companies with underfunded pension plans. The answer is not to allow the underfunding to go unchecked. Nor is the answer to let the PBGC absorb all the losses. From the Record of the Society of Actuaries Vol. 18, No. 2.

Description: Discussion of China's retirement system and the Enterprise Annuity - a fully funded defined contribution program.

Description: This session from the 1984 SOA Salt Lake City Meeting discusses how investment policies and strategies for pension funds are often developed independently of liability considerations. This session looks at the probable mismatch of asset and liability cash flows, the extent of problem, the actuarial concern with certification of assets and structuring the fund to recognize the relationship between assets and liabilities.

Description: This presentation is an open forum, session 11OF, from the 2004 Spring Meeting of the Society of Actuaries, held May 19-21 in Anaheim, CA. The panelists note that defined benefit [DB] pension actuaries are finding themselves working in new and expanded roles in the new millennium, and discuss the answers to challenging questions raised by working in this environment, such as what additional training is recommended, and what the unique challenges and rewards are. The panelists look at the future with respect to the DB actuary, with respect to less traditional roles in that area as well as opportunities in the area of defined contribution plans. Discussion from participants is included. From the Record of Society of Actuaries, Volume 30, No. 1.

Description: This article discusses the risk-sharing arrangements provided by a number of different types of hybrid pensions, focusing on hybrid designs in the United States, Canada and the Netherlands, with particular emphasis on the New Brunswick (Canada) shared risk plan.

Description: overview of changes in retirement plans and economic demands for the baby boom generation

Description: Read the September 2016 issue of Pension Section News published by the The Pension Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: This meeting session was conducted at the SOA's 1976 Spring Meeting in Houston. The topic was an ERISA update related to insured pension plans. Topics presented included: value of Enrolled Actuary vs. FSA, the American Academy of Actuaries position on the EA vs FSA, funding assumptions, actuarial certifications, and special valuation problems.

Description: This 1978 session focused on valuation techniques for pension plans. Topics covered: 1. Asset Valuation Methods 2. Use of projections and forecasts 3. Has application of forecasts allowed the actuary to determine short range best estimate of future costs different from traditional methods? 4. Treatment of salary scales, turnover assumptions, retirement decrements