Description: Actuarial appraisals are performed using discounted cash-flow models. Using local market insurance accounting standards, an appraisal model typically assumes annual after-tax distributable earnings that are repatriated to the investor. The various lines of business are modeled and validated individually and presented in separate sections of the appraisal report before being aggregated into a total company model. From Actuarial Considerations in Insurance Mergers and Acquisitions, M-FI03-1.

Description: Chapter 3 of the Price, Waterhouse study contains an extensive collection of descriptive tables. From Study of Public Financial Guarantee Programs, M-FI96-2.

Description: Chapter 5 of the Price, Waterhouse study presents an extensive collection of tables attempting to capture the size, risk, age, and objectives of the examined programs in an understandable, comparative format. From Study of Public Financial Guarantee Programs, M-FI96-2.

Description: Chapter 5 reviews the investment plans of four Florida, Louisiana, Minnesota, and California public employee systems concentrating on three main topics: general summary of fund and portfolio characteristics, comparisons of target asset allocations policies, and reviews of investment policies. From A Study of Public Employees Retirement Systems, M-RS96-1.

Description: Chapter 6 summarizes the findings for key actuarial assumptions in each of the following categories: active mortality, disablement rates, withdrawal rates, retirement rates, retiree mortality, disabled mortality, interest rates, salary scales, actuarial cost methods, ans asset valuation methods. From A Study of Public Employees Retirement Systems, M-RS96-1.

Description: Chapter 6 raises employee issues, including why there is any cost associated with DROP, the factors which influence an individual's selection, and how the lump sum money is used. From Design and Actuarial Aspects of Deferred Retirement Option Programs, M-RS03-2.

Description: This paper examines the risk associated with long-term care, as well as a variety of insurance-based vehicles that can assist consumers in protecting them from this risk.

Description: List of symposium/monograph contributors.

Description: The intent of this paper is to examine the sources of risk in defined benefit pension plans to determine the extent to which the principles of financial economics can be applied to provide new methods for measuring the cost and value of such plans. From Current Pension Actuarial Practice in Light of Financial Economics Symposium, M-RS04-1.