Tonya B. Manning joined Buck Consultants at Xerox as chief actuary, a role that involves shaping and improving the firm's understanding of current market trends.
Tag: Actuarial issues
Scott Kaplan has been named head of the pension risk transfer business team at Prudential Retirement, effective immediately.
Lump-sum payments from Lockheed Martin’s defined benefit pension plan to certain former employees significantly reduced its pension benefit obligations—though not enough to offset a mortality-related increase.
An Aon Hewitt survey of pension plan sponsors finds almost two in three could take direction action to curb risks and costs in 2015.
A new academic research paper reexamines how pension costs were related to defaults and bankruptcies at high-profile U.S. corporations in the airline, automotive and steel manufacturing industries.
The Mercer U.S. Pension Buyout Index shows the average pension buyout cost decreased significantly during December.
Staff reductions over several years must be related to be considered together when deciding if a partial pension plan termination occurred.
The American Academy of Actuaries evaluated how well public and private retirement systems—and proposals to reform them—meet the needs of participants, sponsors and other stakeholders.
The new PBGC Participant and Plan Sponsor Advocate has released her first annual report of issues.
For plan sponsors with more than 100 participants, one the most important fiduciary duties is to ensure the plan receives a quality and independent annual financial review.
RiskFirst’s web-based platform, PFaroe, has been integrated with Northern Trust’s global operating platform.
Society of Actuaries mortality tables are not required to be used by defined benefit plans, and there may be something better.
More than a decade passed between the two most recent mortality table updates from the Society of Actuaries, but retirement plan fiduciaries should expect the next updated mortality improvement scales long before 2024.
With the final approval of its first new mortality tables since 2000, the Society of Actuaries (SOA) has officially revised its benchmark for calculating the financial liabilities of U.S. pension plans.
Cambridge Associates signed an agreement to use RiskFirst’s PFaroe risk analytics platform, which allows clients to evaluate specific asset and liability risks within complex investment portfolios.
The Social Security Board of Trustees reports the combined asset reserves of the Old-Age and Survivors Insurance, and Disability Insurance (OASDI) Trust Funds are projected to become depleted in 2033.
A pension plan transaction recently announced by British Telecom, offers a glimpse of a coming pension risk transfer option for U.S. defined benefit plan sponsors.
Rocaton Investment Advisors, LLC has adopted RiskFirst’s PFaroe web-based platform to help clients better analyze and manage pension plan risk.
Pinnacle Plan Design hired Lauren Okum as a consulting actuary.
A new report finds that Pension Benefit Guaranty Corporation (PBGC) premium increases would negatively impact the defined benefit (DB) pension system.