Description: Recognizing the increase in the rate of inflation over recent years in the United States, pension plans have been improving benefits for retired employees. In this paper, a planning model is developed for such increases, based on periodic examination of the increase in pension necessary to keep a replacement ratio constant. This ratio is initially related to the private pension plus Social Security benefit, divided by final average salary. From Transactions of Society of Actuaries 1982, Vol. 34.

Description: Paper discussing the pension termination insurance program for single employer plans established under Title IV of the Employee Retirement Income Security Act. Followed by 2 discussion papers submitted

Description: The purpose of this paper is to sketch the mathematical functions which are needed in valuing the benefits of a self-insured plan, and to study certain problems that arise in connection with the valuation of these plans. From Transactions of Society of Actuaries 1950, Vol. 2, No. 2.

Description: A response to the comments on the paper.

Description: Chapter 5 raises a number of tax issues that require legal advice, while recognizing that not all experts will agree on the correct tax treatment. From Design and Actuarial Aspects of Deferred Retirement Option Programs, M-RS03-2.

Description: The purpose of this paper is to study mortality-based securities, such as mortality bonds and swaps, and to price the proposed mortality securities. The focus is on individual annuity data, although some of the modeling techniques could be applied to other lines of annuity or life insurance.

Description: This research report analyzes approaches for the required discount rate to determine adequate funding for DB pension plans.

Description: Update to the SOA's longitudinal analysis of contributions among state-based and large-city pension plans in the U.S.

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: In this video, Sherry Chan, an experienced actuary, provides insights into key aspects of retirement planning. She emphasizes the importance of understanding defined benefit plans and highlights three main categories: Single Employer Plans, Multiemployer Plans (MEPs), and Public Plans. Chan discusses the significance of ERISA regulations, crucial assumptions used in actuarial calculations, and contemporary events impacting retirement planning, such as legislative acts like the Social Act and Secure 2.0 Act. She stresses the importance of adhering to Actuarial Standards of Practice and encourages exploration of emerging trends in Retire Tech, which integrates Fin Tech and Insure Tech advancements. Chan concludes by recommending further resources for in depth knowledge enhancement. Contributors: Sherry Chan, FSA, EA< MAAA; Faith Wilson, FSA, CERA; Susan Boyle, FSA, EA, MAAA, FCA; Robert Shriver FSA, EA, MAAA, FCAS; Rebecca Janus, ASA; Jon Forster ASA, MAAA.