Description: This video features Sherry Chan a C – level executive and SOA board member. This video provides an overview of retirement plans, focusing on Defined Contribution (DC) and Defined Benefit (DB) plans. DC plans operate like personal savings accounts, with contributions from employee, employer, or both, while DB plans promise a fixed monthly benefit upon retirement. The script also discusses various retirement plan sponsors, including employers, government entities, and self-sponsors, highlighting their roles and responsibilities. Additionally, it discusses strategies for plan sponsors, such as choosing between lump sum payments and annuities, considering workforce demographics, managing administrative complexities, and staying compliant with regulations. Overall, it emphasizes the importance of understanding plan differences and making strategic decisions to ensure retirement for employees. Contributors: Sherry Chan, FSA, EA< MAAA; Faith Wilson, FSA, CERA; Susan Boyle, FSA, EA, MAAA, FCA; Robert Shriver FSA, EA, MAAA, FCAS; Jon Forster ASA, MAAA.

Description: An article presenting updated results as of 12/2021 by using analgorithm that formed part of a paper presented at the AFIR-ERMColloquium which took place in Panama, in 2017. This article starts by proving that the conditions that have to be met in order for the formula to apply that were present in 12/2015 still hold.