Description: Provides an overview of several EBRI studies on spending by older Americans and brings together with Society of Actuaries research on shocks in retirement.

Description: Protecting oneself in older age from risks is the sine qua non of retirement planning. But far too many people don’t approach retirement (or retirement planning) well. From a policy perspective, we know about half the senior population will have some sort of long-term care event. We need to recognize that long-term care risk is a component not just of aging but of retirement. Placing long term care solutions in the retirement space is critical to reaching the bulk of the population. Combined with the additional element—recognition of risk—this would be both a powerful protection but also a natural one for individuals to understand.

Description: Column that provides an overview of section activities

Description: Duration and convexity provide a risk metric for pension plan sponsors. The formula for Effective Duration can be used to estimate the value of pension liabilities at different interest rates. A convexity adjustment should be applied to reflect the fact that the pension liability increase for a decrease in interest rates is greater than the pension liability decrease for an increase in interest rates. There will be a lower duration for rate increases and a greater duration for rate decreases.

Description: This article discusses how much should defined-benefit pension plan assets be and should actuaries decide the answer to this question?

Description: Chairperson’s Corner by Carolyn E. Zimmerman from Pension Section News, November 1998, Issue No. 38.

Description: From the Pension Section Council Chairperson by Colin England from Pension Section News, October 2000, Issue No. 44.

Description: Chairperson’s Corner A Good Time To Be In The Pension Business? by Bruce Cadenhead from Pension Section News, June 2001, Issue No. 46.

Description: This article notes that actuaries can play a crucial role in assisting the couple, the attorney's and the human resources professional in alleviating headaches spawned by QDROs and provides simple steps to follow to minimize complexity, thereby saving legal and consulting fees for the divorcing couple and easing their stress.

Description: This article analyzes and confirms the circumstances where a change in the mortality assumption does and does not have a significant impact on pension valuations.