Frozen Plans
March 10, 2010 12:30 PM - 1:45 PM
The news is full of stories on employers that have frozen their defined benefits plans. Actuaries and other pension professionals are more likely than ever to come into contact with a frozen plan on a regular basis. The presenters on this audiocast address several topics related to frozen plans such as:
- Planning and preparation entailed in buying annuities for frozen plans;
- For either a FAS 88 settlement or when they terminate as well as discussing the “buy-in” concept; and
- Where this may be appropriate for your clients;
- How to set long term and short term pension goals;
- Strategic investment policy - only taking risks that are expected to be rewarded when considering all assets and liabilities;
- Discussion of the systematic and non-systemic risks embedded in pension liabilities;
- Using surplus optimization to determine optimal asset portfolios;
- How synthetics such as interest rate swaps expand the surplus efficient frontier;
- Tactical considerations in moving toward optimal long term strategic benchmark; and
- Journey management - dynamically changing the asset allocation as the funded ratio changes.
Credits: EA Non-Core: 1.50 CPD: 1.50