Description: In developing the economic assumptions for use in an appraisal, a team approach must be used. The investment bankers, external actuaries, and the company's financial area research current and historic economic conditions to develop an internally consistent base scenario. To be successful all parties must be comfortable with this scenario and its implications on production, investment yields, and, ultimately, distributable earnings. From Actuarial Considerations in Insurance Mergers and Acquisitions, M-FI03-1.

Description: One of the primary goals of the actuarial appraisal is to provide enough information for potential investors to make informed judgments as to the potential value of a property. From Actuarial Considerations in Insurance Mergers and Acquisitions, M-FI03-1.

Description: Generally, the assets acquired by financial institutions have their values determined by established capital markets. However, the firm's liabilities become customer's' private placement assets and their value must be calculated by the firm. This monograph discusses the theoretical bases for modeling the liabilities consistently with the assets. From Asset-Liability Integration, M-FI02-1.

Description: Chapter 2 describes the general categories of results that the study gleaned from the vast amount of data gathered: active mortality rates, disablement rates, termination rates, retirement rates, retiree morality, disabled mortality, interest rates, and salary scales. From A Study of Public Employees Retirement Systems, M-RS96-1.

Description: Appendix B presents several life samples comparing the benefits and funding before versus after the addition of the DROP feature. From Design and Actuarial Aspects of Deferred Retirement Option Programs, M-RS03-2.

Description: This paper examines the current presence of more females in the work force, and the Social Security/retirement issues that are raised by this trend. From Retirement Implications of Demographic and Family Change Symposium Monograph, M-RS02-2.

Description: This paper examines how the costs in Canada of life insurance, medical care, disability, and retirement are impacted by increases in longevity. The paper then examines possible courses that policy action may take, and then proposes directions that employers may take in designing employee benefit programs.

Description: This paper sets forth challenges presented by an aging society with a focus on the situation of the individual and the implications for actuaries. From Retirement Needs Framework, M-RS00-1.

Description: This paper discusses the level of reserve funds that a pension plan should maintain to protect itself from a downturn in the financial markets. From Current Pension Actuarial Practice in Light of Financial Economics Symposium, M-RS04-1.

Description: The basic thesis posed by this overview is that a mixed strategy, involving both savings and labor force components for the challenge of the graying of the developed world is a good public, corporate, and individual strategy. From The Old-Age Crisis - Actuarial Opportunities -The 1996 Bowles Symposium, M-RS99-1.