A text that quantifies and provides new or improved actuarial notation for long recognized pension cost concepts and procedures, and, in certain areas, develops new insights and techniques. With the exception of the first few chapters, the text is a virtual rewrite of the first edition of 1977. Among the major additions are chapters on statutory funding requirements, pension accounting, funding policy analysis, asset allocation, and retiree health benefits
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Book Description
Editorial Reviews
About the Author
By Howard E. Winklevoss
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Most Helpful Customer Reviews
8 of 9 people found the following review helpful:
5.0 out of 5 stars
Less is more,
By Aaron (Canada) - See all my reviews
This review is from: Pension Mathematics with Numerical Illustrations (Pension Research Council Publications) (Hardcover)
this little book taught me in a few hours all hat i needed to know in order to draft my first pension related actuarial report. clear concise and to the point.
2 of 2 people found the following review helpful:
5.0 out of 5 stars
Excellent text,
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This review is from: Pension Mathematics with Numerical Illustrations (Pension Research Council Publications) (Hardcover)
I'm a retired teacher who got elected to my local Borough council. I found this book very clear and useful in learning about pensions, even though ours are municipal and it deals with private pensions. Many of the same considerations apply and even the formulas given and explained are not beyond the understanding of a careful general reader.
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Inside This Book
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First Sentence:
The primary function of a pension plan is to provide income to employees in their retirement. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
benefit prorate, constant dollar version, accrued benefit method, unfunded liability sources, pension mathematics, past service accruals, unfunded liability change, accrued benefit cost method, continuation liability, decrement assumptions, multiple retirement ages, normal cost function, retirement benefit allocated, standard account balance, additional funding charge, average future service, frozen entry age method, actuarial liability, contingent event liabilities, supplemental costs, net periodic pension cost, plan termination liability, minimum required contribution, actuarial cost methods, actuarial assumption changes Key Phrases - Capitalized Phrases (CAPs): (learn more)
Social Security, Under Alternative Asset Mixes, Survivor Benefits, Medicare Inflation, T-Bills L-Bonds, Values Expressed New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
The primary function of a pension plan is to provide income to employees in their retirement. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
benefit prorate, constant dollar version, accrued benefit method, unfunded liability sources, pension mathematics, past service accruals, unfunded liability change, accrued benefit cost method, continuation liability, decrement assumptions, multiple retirement ages, normal cost function, retirement benefit allocated, standard account balance, additional funding charge, average future service, frozen entry age method, actuarial liability, contingent event liabilities, supplemental costs, net periodic pension cost, plan termination liability, minimum required contribution, actuarial cost methods, actuarial assumption changes Key Phrases - Capitalized Phrases (CAPs): (learn more)
Social Security, Under Alternative Asset Mixes, Survivor Benefits, Medicare Inflation, T-Bills L-Bonds, Values Expressed New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 17
books:
See all 17 books this book cites
13
books
cite this book:
See all 13 books citing this book
- Fundamentals of Private Pensions by Dan M. McGill on page 1, page 139, and Back Matter
- Social Security (Pension Research Council) by Robert Julius Myers in Front Matter, and Back Matter
- Corporate Book Reserving for Postretirement Healthcare Benefits (Pension Research Council Publications) by Dwight K. Bartlett in Back Matter
- Search for a National Retirement Income Policy (Pension Research Council Publications Series) by Jack L. Vanderhei in Back Matter
- Inflation and Pensions (Pension Research Council Publications) by Susan M. Wachter in Back Matter
See all 17 books this book cites
- Benefits for the Workplace of the Future (Pension Research Council Publications) by Olivia S. Mitchell in Back Matter
- Innovations in Retirement Financing (Pension Research Council Publications) by Olivia S. Mitchell in Back Matter
- Positioning Pensions for the Twenty-First Century (Pension Research Council Publications) by Michael S. Gordon in Back Matter
- Living with Defined Contribution Pensions (Pension Research Council Publications) by Olivia S. Mitchell in Back Matter
- The Future of Pensions in the United States (Pension Research Council Publications) by Raymond Schmitt in Back Matter
See all 13 books citing this book
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