actuarial Category
Pandemic: How Worried Should You Be About Coronavirus?
by meep
Well, are you in Hubei province right now?
You should look at this map, and think about the numbers. I will link far more stories at the end of the post, but I want to make a specific point to discuss up here.
Yes, it sounds like this coronavirus is pretty...
Revisiting Actuarial Standards: ASOP 4 Has Second Exposure Draft
by meep
Back in July 2018, the Actuarial Standards Board had a draft revision of ASOP 4. I will quote a few of my old comments, in a moment.
A quick reminder: Actuarial Standard of Practice 4 is currently titled “Measuring Pension Obligations and Determining Pension Plan Costs or Contributions”,...
Hindsight is Hilarious: Pension DROP Program Presentation
by meep
Just an FYI — for the holidays, I’m going through my posts-in-draft and see what I can easily finish up.
Thanks to a reader who provided me a link to this presentation on DROP benefits.
Because it’s funny… if you like your humor very dark.
(and I do).
by meep
As noted in my prior post, I am walking through aspects of the paper co-written with W. Gordon Hamlin, Jr. As I am not a lawyer, I’m not going to talk much about the legal aspects, though that is the key new idea in the paper itself. Section 3 of... by meep
Via John Bury, I found out the Office of the Actuary of New York City is making a documentary about their chief actuaries (that’s fairly benign), but they’ve been highlighting Jonathan Schwartz (chief actuary of NYC, 1974-1986) in a few tweets. Before I get to the tweets, let me... by meep
The timing of the Spanish Flu pandemic in the U.S. is that it originated in a U.S. Army training camp in the spring of 1918… but that wave wasn’t too harsh… then the men went over to Europe. In September 1918, as the allied powers were winning, and some soldiers were... by meep
I am about to do a dive into actuarial doings, some of which has to do with pensions, a lot of which doesn’t, and some things that even most actuaries don’t care about.Causes of Public Plan Insolvency: On Public Pension Valuation
Actuarial History... Which is Not Really History
Memory Monday: September/October 1918 - the Spanish Flu Arrives in the U.S.
Actuarial Stuff: Mergers, Bootings, and Secrecy (oh my!)
Don’t say I didn’t warn you.
SOA AND...
Geeking Out: Are Women Really Receiving Lower Social Security Benefits?
by meep
Last week, I graphed out retired worker Social Security benefits… and it culminated in this graph:
Look at that — women are paid less!
Well, duh. When it’s based on women’s own work history, and women tend to have lower earned income than men… of course they’ll have lower benefits.
Actuarial Standards of Practice on Pensions: ASOP 4 - a Call for Comments
by meep
This is going to be extremely actuarial, and not involving animated gifs. You have been warned.
There are a couple different exposure drafts out now for Actuarial Standards of Practice, which apply to credentialed actuaries in the U.S. I’m going to concentrate on one.
Actuarial Standard of Practice 4 has...
RIP, Jeremy Gold: An Actuarial Memorial
by meep
This post is in memory of actuary Jeremy Gold, who died earlier this month.
Not many actuaries receive obituaries in both the Wall Street Journal and the New York Times.
WSJ – Jeremy Gold Shook Up Pension World With Warnings About Risks
The brusque actuary said funds underestimated liabilities
In the sedate...
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3, Apr 2020
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