Description: An excerpt from the 2002 Annual report of the Boards of Trustees for the Federal Hospital Insurance and Federal supplementary Medical Insurance Trust Funds which describes the basic assumptions and methods used in the estimates under the intermediate assumptions. Also, presented are projections of program costs under two alternate sets if assumptions.

Description: Chairperson’s Corner by Marilyn Miller Oliver from Pension Section News, June 2003, Issue No. 52.

Description: This article presents an overview of the PBGC Actuarial Valuation Report from 2003. From Pension Section News, June 2004, Issue No. 55.

Description: This article is an excerpt taken from, Status of the Social Security and Medicare Programs: A Summary of the 2004 Annual Reports - A Message to the Public. From the Social Security and Medicare Boards of Trustees. From Pension Section News, September 2004, Issue No. 56.

Description: This article presents an overview of the PBGC Actuarial Valuation Report from 2004. From Pension Section News, April 2005, Issue No. 58.

Description: This article summarizes The Pension Section Council meetings of 2005. From Pension Section News, January 2005, Issue No. 57.

Description: The Retirement Plans Experience Committee RPEC of the Society of Actuaries SOA is a standing committee that monitors pension plan mortality experience. Most recently, the committee developed the RP-2000 mortality table. This table was the first published North American mortality table based solely upon private sector pension plan mortality experience. Previous tables developed by the RPEC such as GAR-94 and UP-94 were based primarily on a combination of group annuity, and U.S. federal employees and retirees mortality experience. From Pension Section News, April 2006, Issue No. 61.

Description: The Employee Retiree Income Security Act, or ERISA, establishes an important statutory role for pension actuaries in the United States. As part of its statutory goal to protect the retirement security of America’s workers, ERISA requires tax-qualified defined benefit plans to obtain an actuarial valuation of plan reserves each year. When valuing the plan’s reserves, the actuary is required by ERISA to act on behalf of plan participants. Thus, the plan actuary fulfills an important role in maintaining the plan’s ability to meet its on-going obligations to the plan participants and their beneficiaries. From Pension Section News, April 2006, Issue No. 61.

Description: Planning for retirement in North America has become much more challenging as the defined benefit system has declined. We must take more responsibility for ourselves. As we plan, many societal forces affect us. Both men and women are disadvantaged because Americans in particular are not very good savers. While pension plans and Social Security, or CPP/QPP/OAS in Canada, generally use the same formulas for men and women, often the results are different. This article focuses on the challenges women face in retirement.

Description: This article describes the library of material created by The Pension Finance Task Force on the SOA Web site containing well over 100 papers, essays, articles, and newsletters. Links to this information is provided. From the Pension Section News, September 2008, Issue No. 68.