Description: This is the Quantification and Management of Longevity Risk in China paper authored by Johnny Li, Kenneth Q. Zhou and Wai-Sum Chan for Session 1A of the January 13-15, 2020 Living to 100 Symposium in Orlando, Florida.

Description: This paper examines how the cash balance plan design is related to the normal cost and accrued liability in the various actuarial cost methods, as well as the interaction of the economic assumptions in the valuation. The analysis will show that the traditional cost methods may understate the actual liability. The paper also presents an alternative cost method, along with its advantages and disadvantages. From Cash Balance Symposium Monograph, M-RS02-3.

Description: Chapter 8 examines several issues related to DROP features added to ERISA-covered plans, and several issues related to Canadian plans. From Design and Actuarial Aspects of Deferred Retirement Option Programs, M-RS03-2.

Description: Chapter 7 analyzes the demographic variables that could have an effect on the future costs of social security, and then discusses a wealth-transfer model that could be used to stabilize the financing of Canada's total social security system and that would also lower the ultimate cost of Canada's retirement income security programs. From Economic Security for an Aging Canadian Population, M-RS99-2.

Description: Abstract, Copyright, and Title Page. From Economic Security for an Aging Canadian Population: Abstract, M-RS99-2.

Description: This paper reviews the need for longevity insurance during retirement, and then establishes a framework to study the total asset allocation decision in retirement, which includes both conventional asset classes and immediate payout annuity products.

Description: This paper suggests that two opposing pressures are at work in the United States. One is the limit to the number of retired adults that the nation can support. The other is the growing diversity of needs and desires of older people and employers. These two opposing pressures will frame the issues of the future.

Description: This paper examines the problem of a growing net benefit reduction for working women who are entitled to benefits in their own right, as well as to benefits as surviving spouses of covered workers.

Description: Symposium overview. From Retirement Needs Framework, M-RS00-1.

Description: This paper presents a model that projects withdrawal and investment returns for a hypothetical retirement account. From Retirement Needs Framework, M-RS00-1.