Description: In defined-benefit plans, a portability problem arises, especially in an inflationary economy. Final salary plans were designed to cope with inflation. However, transfer of employment during a career can result in long service at a prior employer with outdated final compensation and short service at a current employer with appropriate final compensation. Thus the problem. This presentation discusses possible solutions. From the Record of the Society of Actuaries Vol. 17, No. 3A.

Description: Full version of Pension Section News, September 2001, Issue No. 47.

Description: This article analyzes and confirms the circumstances where a change in the mortality assumption does and does not have a significant impact on pension valuations.