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Phased Retirement For Defined Benefit Plan Participants, Patricia L. Scahill, Jonathan Barry Forman
Phased Retirement For Defined Benefit Plan Participants, Patricia L. Scahill, Jonathan Barry Forman
Journal of Actuarial Practice (1993-2006)
The demographic makeup of the U.S. workforce is changing. The population between ages SS and 64 is projected to increase significantly by 2020, but employment rates for this age group have not been increasing. Employers will likely need to encourage critical employees in this age group to delay retirement. Phased retirement is one tool for delaying retirement, while also not continuing full-time employment, so it can be a compromise for employers and employees. Both Congress and two administrative agencies have begun to consider changes in pension laws and regulations that would be needed to accommodate phased retirement for employers who …
Disclosure And Confidentiality Requirements Of Corporate Pension Plan Actuaries, Theodore Konshak
Disclosure And Confidentiality Requirements Of Corporate Pension Plan Actuaries, Theodore Konshak
Journal of Actuarial Practice (1993-2006)
Corporate pension plan actuaries are subject to the standards of the Joint Board for the Enrollment of Actuaries. The Joint Board is empowered to establish such standards under the provisions of the Employee Retirement Income Security Act of 1974, a federal law. In consideration of these statutory standards, this article will discuss whether standards published by professional actuarial organizations have any applicability. The contrast between the disclosure requirements of federal law and the confidentiality standards of the Society of Actuaries will be highlighted.