Description: Andrew Peterson gives an excellent synopsis and editorial comments on the high points of the National Academy of Social Insurance’s 23rd annual Conference, held this January at the National Press Club in Washington, DC.

Description: Announcement for new masthead for SOA News Today May 2004, Issue No. 74

Description: This article explains why and how maturing defined benefit pension plans become increasingly unstable if they maintain asset mix policies that embody material mismatch risk between plan assets and liabilities. The implication is that asset depletion is a risk that mature plans should take very seriously. This means redesign should be a priority for pension plans facing this risk. From the Pension Section News, October 2011, Issue No. 75.

Description: Duration and convexity provide a risk metric for pension plan sponsors. The formula for Effective Duration can be used to estimate the value of pension liabilities at different interest rates. A convexity adjustment should be applied to reflect the fact that the pension liability increase for a decrease in interest rates is greater than the pension liability decrease for an increase in interest rates. There will be a lower duration for rate increases and a greater duration for rate decreases.

Description: This article describes techniques and models used to forecast mortality improvement and the considerations that underlie long-term mortality improvement projections in the United States.

Description: this article discusses actuarial audits

Description: The article describes an interactive game related to Social Security and how the user can play the game.

Description: Complete issue of the September 2014 Pension Section News newsletter.

Description: This article surveys social security developments around the world. We focus on China, Africa, countries with privatized individual accounts in South America and Central and Eastern Europe, and OECD countries.