While the specific calculation of the pension liability can take different forms, core principles always apply to the valuation. An...

Actuaries must forecast the future along two dimensions to construct the liability: demographic and economic. The relative stability of...

There are two drivers of the liability’s size. First, the forecast of the amount of cash flows payable during retirement. Second, the...

The key to a successful defined benefit pension plan is managing risk. The pension plan is a significant employee benefit that supports...