Description: This article by Anna Rappaport and Eric Freden contains a compelling compendium of comments shared by top actuaries working in different roles with retirement systems who attended the fourth triennial “Living to 100” Symposium in Orlando, Fla.

Description: In this article, the editor previews the issue and thanks the outgoing communications committee members. From the Pension Section News, October 2011, Issue No. 75.

Description: Letter from the section chairperson discussing past and future seminars put on by the Reinsurance Section.

Description: Many retirement actuaries have experience developing, implementing, and monitoring Liability Driven Investing (LDI) strategies for plan sponsors. These strategies typically involve modifying a plan’s investment strategy to remove a significant portion of the investment and interest rate risk now or at some point in the future when specific triggers are met. The tactics often involve the use of fixed income assets to cash flow and/or duration match the liabilities. In the spirit of helping actuaries expand their roles in an evolving defined contribution world, this article explores the application of LDI and derisking strategies within defined contribution and individual retirement accounts. The economic theory behind this approach is called the lifecycle hypothesis, or lifecycle finance. The benefits of the lifecycle finance method are that it provides a safe approach to save for retirement and a secure source of floor income during retirement. Similar to pension plans, each individual has his or her own idiosyncratic needs, wants, and risks that should be considered. Actuaries are uniquely situated to help defined contribution plan sponsors, individuals, and even themselves implement the lifecycle finance approach by developing and distributing tools and methods that focus on income (rather than wealth), LDI strategies, and personalization.

Description: Evaluate the potential for target benefit plan designs across the full spectrum of defined benefit to defined contribution to provide more flexibility in benefit design while considering regulatory implications.

Description: Letter from editor discussing various topics covered in the issue.

Description: This report summarizes the comments received on the RP-2014 exposure draft

Description: Appendix to report, Variable Uninsured (Value) Life Annuities

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: The emergence of target benefit pension plans in Canada has focused attention on risk sharing in employment-based retirement income schemes.