Description: Pricing longevity swap reinsurance transactions consists of a number of different actuarial tasks, each of which hides potential pitfalls. The article outlines the pricing process, which includes a detailed analysis of current mortality experience of the portfolio to be transferred, choice and calibration of an appropriate model for mortality improvement trends and the calculation of a risk margin which reflects the uncertainty associated with the pricing best-estimate, which includes mis-estimation risk, model risk, longevity basis risk and stochastic uncertainty.

Description: The article is a summary of Society of Actuaries report entitled “Annuity Market Pricing Approaches” sponsored by the Retirement Section Research Committee. The report examines the Canadian Institute of Actuaries (CIA) methodology of developing solvency valuation assumptions, compares it to methods used in the U.S., and considers if it could be used in other markets, such as U.S. group annuities or individual annuities

Description: Chairperson talks about the activities of the section.

Description: Is the New CPI Different? The article discusses the changes made to the CPI, whether it is an accurate measure of inflation and the implications for pension plans.

Description: In this paper, how various factors affect the mortality of retirees is investigated. It is found that the effect is often different for older ages than for younger ages. The method to develop actuarial models that take into account the factors will be discussed. From Actuarial Research Clearing House, Volume 38, No. 1.

Description: A response to American Legislative Exchange Council's report "Unaccountable and Unaffordable" in light of applicable Actuarial Standards of Practice.

Description: Author response to Eric Friedman’s comments on ‘The Case for Stochastic Present Values,” by Dimitry Mindlin

Description: Eric Friedman’s comments on ‘The Case for Stochastic Present Values,” by Dimitry Mindlin

Description: An article that highlights the paper Retirement Trends and Patterns in the 1990s: The End of an Era? The trend toward earlier retirement is documented and the influences of a possible shift in this trend are considered. From the Pension Section News, August 1998.

Description: Kevin Binder, chair of the Pension Section Research Team, shares a summary of two recently completed projects that are now posted on the SOA website.The first topic is on the drawing down of retirement savings and the second is on the valuation of pension plan embedded options. From Pension Section News, October 2011, Issue No. 75.