This podcast will discuss what Canadian target benefit plans are, different design types, issues in calculating lump sums, and changes in legislation and actuarial standards to support such plans.

Direct download: SOA_128.mp3
Category:Pension -- posted at: 2:21pm CST

Cindy Levering was appointed by the Secretary of Labor to the ERISA Advisory Council on Employee Welfare and Pension Benefit Plans effective 2016 as the representative of the Actuarial consulting profession.  Cindy and Andrea Sellars discuss the background, structure and activities of the Council as well as the opportunity and impact Actuaries have at the table. 

Direct download: Pension_Section_-_ERISA_Advisory_Council_with_C_Levering.mp3
Category:Pension -- posted at: 11:11am CST

Grace Lattyak and Andrea Sellars have a discussion about the Real Deal Study, a look at retirement income adequacy at large companies.  This study by Aon Hewitt projects retirement income adequacy individually for more than two million employees and uses that data to form insights about the state of retirement income adequacy among employees of large companies.

 

Direct download: Pension_Section_-_Retirement_Income_Adequacy_with_G_Lattyak.mp3
Category:Pension -- posted at: 10:59am CST

Jeanette Cooper interviews Anna Rappaport about her work as chairperson on the SOA Committee on Post Retirement Needs and Risks. More information on this committee’s research can be found at https://www.soa.org/research/research-projects/pension/research-post-retirement-needs-and-risks.aspx

Direct download: Pension_Section__Post-Retirement_Risk_with_Anna_Rappaport.mp3
Category:Pension -- posted at: 12:20pm CST

In the third episode, Jay Egelberg and Jim Dexter talk about multiemployer withdrawal liability and take a look at the future for multiemployer pension plans.

 

Direct download: Penion_Podcast_3.mp3
Category:Pension -- posted at: 9:45am CST

In the second episode, Jay Egelberg and Jim Dexter talk about funding multi-employer plan. Areas to be covered include historical funding rules, new fund rules and risks bearing in multi-employer plans. 

Direct download: Pension_Final_Part_2.mp3
Category:Pension -- posted at: 1:43pm CST

In the first episode, Jay Egelberg and Jim Dexter provide an overview of multi-employer plan design.

Direct download: Pension_Podcast_Part_1.mp3
Category:Pension -- posted at: 1:41pm CST

Ray Berry has a conversation with Carol Bogosian about a retirement report titled “Understanding and Managing the Risk of Retirement”. 

Direct download: Carol_Bogosian_Podcast.mp3
Category:Pension -- posted at: 9:30am CST

Trustees from the Social Security Administration and the Center for Medicare and Medicaid Services produce annual reports updating the status of the Social Security and Medicare programs.  This podcasts provides some insights from the 2014 reports to changes in the status of each program.

 

 

Direct download: SS_and_Medicare_Tim_Marnell.mp3
Category:Pension -- posted at: 9:34am CST

Listen in as Jeanette Cooper interviews John Turner about hybrid pensions. John is the author of Hybrid Pensions: Risk Sharing Arrangements for Pension Plan Sponsors and Participants, sponsored by the Pension Section Research Committee.

Direct download: PensionSection_HybridPensions.mp3
Category:Pension -- posted at: 9:19am CST

Listen to the fourth and final podcast which includes excerpts from a presentation at the 2012 SOA Annual Meeting by Stephen (Steve) Goss, the Chief Actuary of the Social Security Administration, and Frank Todisco, the Chief Actuary of the Government Accountability Office. In this fourth and final segment, Frank reviews arguments that have been put forth both for and against raising the full retirement age for Social Security benefits.


Listen to the third of four podcasts which includes excerpts from a presentation at the 2012 SOA Annual Meeting by Stephen (Steve) Goss, the Chief Actuary of the Social Security Administration, and Frank Todisco, the Chief Actuary of the Government Accountability Office. In this third segment Steve reviews the potential impact of a number of proposals that could be part of fixing Social Security.


Listen to the second of four podcasts which includes excerpts from a presentation at the 2012 SOA Annual Meeting by Stephen (Steve) Goss, the Chief Actuary of the Social Security Administration, and Frank Todisco, the Chief Actuary of the Government Accountability Office. In this second segment Frank describes the role of the GAO relative to Social Security, and then explains the nature and purpose of the Social Security trust funds.


Listen in to this podcast which includes excerpts from a presentation at the 2012 SOA Annual Meeting by Stephen (Steve) Goss, the Chief Actuary of the Social Security Administration, and Frank Todisco, the Chief Actuary of the Government Accountability Office. In this presentation, Steve and Frank review the actuarial status of the Social Security program, some of the reasons changes will be required, and the expected impact of various potential changes that could be made. This is the first of three episodes from this presentation.


Listen to the third and final episode to feature excerpts from a presentation at the 2012 SOA Annual Meeting by Don Fuerst, Senior Pension Fellow of the American Academy of Actuaries. In his presentation, Mr. Fuerst discusses the history and structure of Pension Benefit Guaranty Corporation (PBGC) premiums and the potential application of insurance principles to future reforms of the system. This episode explores potential approaches for funding (or not funding) the PBGC’s legacy costs.

Direct download: Pension_Section_Pension_Benefit_Guaranty_Corporation_Episode_3.mp3
Category:Pension -- posted at: 1:36pm CST

Listen to this second episode of three from the 2012 SOA Annual Meeting featuring an excerpt from a presentation by Don Fuerst. This episode further examines the application of insurance principles to PBGC premiums and the distinction between going-forward costs and legacy costs.

Direct download: Pension_Section_Pension_Benefit_Guaranty_Corporation_Episode_2.mp3
Category:Pension -- posted at: 10:34am CST

Listen in to this excerpt from a presentation at the 2012 SOA Annual Meeting by Don Fuerst. In this first of three episodes from the presentation Don provides an overview of the role of the PBGC and its sources of revenue, and discusses the history and sustainability of the PBGC’s premium structure. He also introduces an Academy issue brief that examines the PBGC’s premium structure using insurance principles.

Direct download: Pension_Section_Pension_Benefit_Guaranty_Corporation_Episode_1.mp3
Category:Pension -- posted at: 9:24am CST

Listen in as Andy Peterson and Joe Silvestri have an in-depth discussion of Joe's most recent report, "Observations on Input and Output Smoothing Methods: How Do They Affect Defined Benefit Plans."

Direct download: Input_and_Output_Smoothing-FINAL.mp3
Category:Pension -- posted at: 9:41am CST

In this podcast, Andy Peterson discusses a research project on pensions with its author, Tim Leier. They’ll discuss a matrix of methods and assumptions used to value pension plans in Canada and the U.S., which is meant to be a broad-based reference for clients or students. It includes mutual guidance and standards of practice and can be thought of as an appendix of available guidance.

Direct download: Research_on_Pensions-FINAL.mp3
Category:Pension -- posted at: 2:55pm CST

Listen in as Andy Peterson again has a talk with Vic Modugno. This time the focus is on the impact of insufficient retirement savings on workforce management, a  research project that he recently conducted.

Direct download: Imact_of_Inuffiicient_Retirement-FINAL.mp3
Category:Pension -- posted at: 11:12am CST

Listen in as Andy Peterson discusses estimating Equity Risk Premium with with Vic Modugno, who recently prepared a paper on the subject for the SOA. Equity Risk Premium (ERP) is the amount by which the stock market index would outperform a risk-free rate. Vic explains the two ways that ERP can be calculated - by using historical data or by using implicit methods. He also discusses the issues with each method, such as standard error with historical data and how to treat buybacks with implicit methods. Vic will also explain how the two methods are converging and the one finding that he thought was most important from the research.

Direct download: Estimating_Equity_Risk_Premium-FINAL.mp3
Category:Pension -- posted at: 2:11pm CST

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