Description: Discussion of Session 5B: Papers presented: Data Validation and Measurement of Cohort Mortality among Centenarians in Quebec and Physical and Socioeconomic Characteristics at a Young Age as Predictors of Survival

Description: Transcript of the Q&A period from Session 6B: Health Status and its Impact on Mortality

Description: This paper presents recent trends in obesity prevalence in significant population segments, including overall effects by age, gender and certain racial and ethnic groups, and discusses the ways in which obesity can influence mortality in each of these segments. It provides a synthesis of reported mortality experience relating to these behaviors by risk factors and diseases that will affect any mortality projection.

Description: Business transformation initiatives are undertaken by enterprises to reduce the risk of misalignment and to build agility and adaptability to market changes. The predictability of desired outcomes needs to be managed by mitigating interdependent risks associated with changes in processes, systems, operating procedures, employee and customer base, etc. This paper is about a strong risk management approach needed for minimizing the unpredictability associated with transformation-related initiatives. This proposed approach details a comprehensive model to measure enterprise risk management maturity by measuring its ability to identify risk, measure impact and define mitigation strategy. The model is further enhanced by provisioning for feedback to measure the effectiveness of mitigation and to ensure that outcomes are within desired limits. The intended audience of the paper is senior executives, business partners, program managers, project/track leads working with program organization groups, project management organizations [PMOs] and steering committees.

Description: Paper examining the degree to which certain actuarial methods satisfy public pension plan funding objectives.

Description: Paper discusses transition considerations if bond-based discount rates are used for funding public pension plans.

Description: Excel spreadsheet illustrating a specific proposal outlined in the paper, with detailed explanations.

Description: Part 2 proposes solutions to the second of three flaws of the current financial model to obtaining the fair value of the public sector employer’s pension benefit liability.

Description: Comments from David Wescoe on session 5 of the Public Pension Finance Symposium.

Description: In this study the author will review some correlations between the operating income per employee and some elements of company structure for the S&P 500 that are proxies for management control and supervision. An analysis yielded the following general observations: 1 companies in which the chairman and CEO roles are combined generate more income per employee than those in which the roles are separate 2 companies with a lead director and the chairman and CEO combined typically do better still 3 the more executive officers a company has, the higher operating income is generated per employee although this decreases marginally and 4 companies tend to gravitate toward a structure with 10 executive officers and 10 directors this is a fixed point of an iterative decision function. Presented at 2010 Enterprise Risk Management Symposium, Society of Actuaries, April 12-15, 2010.