Description: In this video, Sherry Chan, an experienced actuary, provides insights into key aspects of retirement planning. She emphasizes the importance of understanding defined benefit plans and highlights three main categories: Single Employer Plans, Multiemployer Plans (MEPs), and Public Plans. Chan discusses the significance of ERISA regulations, crucial assumptions used in actuarial calculations, and contemporary events impacting retirement planning, such as legislative acts like the Social Act and Secure 2.0 Act. She stresses the importance of adhering to Actuarial Standards of Practice and encourages exploration of emerging trends in Retire Tech, which integrates Fin Tech and Insure Tech advancements. Chan concludes by recommending further resources for in depth knowledge enhancement. Contributors: Sherry Chan, FSA, EA< MAAA; Faith Wilson, FSA, CERA; Susan Boyle, FSA, EA, MAAA, FCA; Robert Shriver FSA, EA, MAAA, FCAS; Rebecca Janus, ASA; Jon Forster ASA, MAAA.

Description: Updated longitudinal study of metrics for measuring contribution adequacy at paying down unfunded liabilities in corporate DB pension plans in the U.S.

Description: This is a summary of the employer costs for pension plans published by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS) as of December 2013.

Description: Updated study of metrics for measuring stress imposed on US multiemployer pension plans by unfunded liabilities and declining numbers of active participants

Description: Metrics for measuring pension plan contributions against benchmarks for achieving specific financial funding goals.

Description: Discussion of competing theories for valuing public pension liabilities. Emphasis on revised Actuarial Standards of Practice that focus on the purpose of the measurement.

Description: The article discusses the Texas Pension Review Board&#39;s Guidelines for Actuarial Soundness applicable to Texas state public retirement systems (including the system&#39;s amortization period), and how these guidelines are consistent with and complementary to both the current GASB 27 ARC disclosure, and the imminent GASB 67 &amp; 68 disclosures. The GASB requirements will change from a de facto funding standard to strictly disclosure requirements, with a focus on plans whose funding trajectory is the poorest.

Description: Study of the impact of IRS proposed mortality tables on private sector pension plan costs, including liabilities, contributions and PBGC premiums.

Description: Technological innovations are disrupting traditional business models, improving products, and enhancing the user experience.

Description: 10 Considerations for DB Pension Plans in Light of the Coronavirus Crisis of 2020. The article discusses the following topics: ERISA funded status & benefit restrictions; cash contributions & tax deductibility; PBGC premiums; Pension Accounting Expense; Commencing Benefits After Normal Retirement Age; Bringing Back Former Participants; Actuarial Assumptions; Asset Allocation and Re-Risking; De-Risking Expectations and Future Funding Relief