Description: The Society of Actuaries Retirement Section Research Committee has sponsored a retirement project on the impact of megatrends and paradigm shifts on retirement plan design and funding. Various aspects were examined in the context of the future of retirement plans, including: Sociocultural Economic Technological Health and Long-term Care Environmental Presenters will address how the future is changing and challenge accepted thinking about retirement issues, as well as highlight new areas for consideration. At the end, you will have a better understanding of megatrends and how actuaries and others may address the changes in retirement plans.

Description: As results emerged showing the influence of COVID-19 on recent mortality, the Society of Actuaries Research Institute’s Mortality and Longevity Strategic Research Program Steering Committee (MLPSC) began to ponder what it means for the future. Was the coronavirus pandemic just a temporary shock to U.S. mortality with mortality quickly returning to prepandemic levels upon its conclusion or a lingering factor in future U.S. mortality from the potential occurrence of new coronavirus variants, post-COVID-19 conditions (“long COVID”), deferral of needed health care treatment, a fatigued health care system and other elements? Only time will provide the answers to these questions.

Description: This article focuses on retirement planning and knowledge and how the SOA Research Institute has added to our understanding of what consumers know and how they plan. It is the first of a series that offer insight into where consumers are today, identifies gaps in understanding, planning and managing retirement issues, helps us understand how consumers act at various life stages, highlights consumer information collected by the SOA Research Institute and provides some recommendations for working with different stakeholders to improve retirement planning. This article identifies the components of the research and how they fit together and provides a summary of major findings with regard to gaps in knowledge and planning. The research includes focus groups and in-depth interview, consumer surveys, a conjoint study, a study of future issues by Futurists, and more.

Description: The SOA Retirement Section and Research Institute’s Aging and Retirement Strategic Research Program are pleased to make available material from a research study that explored: What Retirement Plan Features do Employees Really Want? The report presents the findings of an online survey of U.S. adults conducted by Deloitte Consulting LLP. The purpose of the study was to gain insight into the features of retirement plans that are important to employees and where they may make trade-offs for the features they find most important. This report provides important observations for employers and other retirement stakeholders as they assess retirement plans.

Description: As part of its ongoing effort to provide its stakeholders with useful information on COVID-19, the Society of Actuaries (SOA) recently launched an online conversation about the impact of COVID-19 on retirement risks.

Description: Retirement market study of Latin America in English.

Description: Credibility is a mechanism for estimating a quantity of interest by combining subject experience and relevant experience to improve the estimate.

Description: This paper compares two mortality projection models – the latest version of the CMI Mortality Projections Model and the latest version of MIM-2021.Both models were applied to data for England & Wales and the US, and the results were compared.

Description: This report summarizes points made through an online discussion on issues related to spending in retirement, asset management, and the use of Qualified Longevity Annuity Contracts (QLACs).

Description: The prospects of longer retirement durations driven by the continued improvement in mortality, changes in social insurance “normal” retirement ages, and/or socio-economic factors, have made several decisions about retirement more important.