Description: Retirement Symposium overview. A session by session synopsis of the wide ranging topics presented.

Description: This paper investigates the effect of select birth cohorts on pricing of mortality-based securities, such as survivor bonds, life annuities in general, or portfolios of life annuities.

Description: This paper examines the Retirement Shares Plan which allows participants to allocate their benefits to the classes of shares available. Thus risk-averse retirees can be assured of relatively stable benefits, while the less risk-averse can have their benefits backed by a diversified of equity portfolio.

Description: This paper explores how an intragenerational funding approach might spread the risks from those older persons who live longer to those who do not live so long and from those who are healthier or less dependent to those who are less healthy or more dependent.

Description: The purpose of this paper is to explore a methodology for choosing among techniques for managing contribution volatility in defined- benefit pension plans. A frequently used – and as often criticized – method for managing contribution volatility is to base actuarial cost on smoothed assets. Our goal in this paper is to develop a methodology for measuring and evaluating the quantitative impact of competing asset smoothing policies. We proceed by investigating a series of basic pension metrics, evaluating the characteristics of each using a simulated pension plan. We then use normalized and weighted combinations of these metrics to determine an optimal smoothing policy.

Description: This is the Does Migration Result in Mortality Improvement: A Case Study in Taiwan paper authored by Chih-Kai Chang, Jack C. Yue and Yen-Wen Chen for Session 3B of the January 13-15, 2020 Living to 100 Symposium in Orlando, Florida.

Description: This is the How Amending Old Age Security Would improve the State of Canadian Women Living in the Alone Stage of Retirement paper authored by Lori J. Curtis and Douglas W. Andrews for Session 5B of the January 13-15, 2020 Living to 100 Symposium in Orlando, Florida.

Description: We propose asymptotically correct two-sided bounds for random sums where the number of summands has an arbitrary distribution which can be viewed as ruin probabilities or accumulated claim sizes in various risk processes. The bounds are fairly new and they reveal the real accuracy of some well-known and widely used asymptotic formulas. It turns out that this accuracy can be poor and the range where these formulas give appropriate approximations depends on the shape of the tail distribution of the summands. This dependence is examined in the research.

Description: As is the tradition, the Education and Research Section has a morning meeting, over continental breakfast, at the Annual Meeting. Since that meeting signifies the end of a term and the beginning of a new one, it offers the perfect setting for presenting the past activities and realizations, as well as the planning for the year to come. As both the outgoing Chair, myself, and the incoming Chair, Tom Edwalds, were in attendance, we thought we would seize the opportunity to officially pass the baton! From Expanding Horizons, January 2006.

Description: This is a brief summary of the Education and Research sessions from the 2006 SOA Annual Meeting. From Expanding Horizons, November 2006.