Description: Part 1 proposes solutions to the first of three flaws of the current financial model to obtaining the fair value of the public sector employer’s pension benefit liability.

Description: A discussion of reverse mortgages, and their suitability for meeting the long term care needs of seniors who want to stay in their homes.

Description: This is a Pension Section News book review of 'Annuity Markets and Pension Reform,' by George A. 'Sandy' Mackenzie. The book has two main objectives. First, for public pension systems that plan to implement individual account reform, it provides a guide to the policies that should govern and regulate distributions from individual accounts. Second it considers the adequacy of the regulation and supervision of the annuity business, and how private annuity markets might function more efficiently.

Description: This article discusses the proper slope of mortality tables, especially at the high attained ages.

Description: Product concepts that are born in one country often find their way to the other. This article discusses which products are the hot products in the United States and Canada, and what we can expect for future sales for these products.

Description: Chairperson’s column likening product development to campaigning.

Description: Discusses the events of the inaugural Life and Annuity Symposium held May 17 and 18, 2010.

Description: Chairperson’s column describing activities the Product Development section has undertaken to date.

Description: The Society of Actuaries and LIMRA have sponsored a Variable Annuity Guaranteed Living Benefit Utilization Study. This study is an annual update of earlier investigations conducted since 2006.

Description: The rules governing the tax treatment of distributions from life insurance or annuity contracts are complex. Worse, the relevant IRC section, section 72, seems at times to be the product of a conspiracy in restraint of understanding.