Speaker: Charles Cowling
The Pensions and Employee Benefits Committee of the International Actuarial Association created a working party to produce an educational monograph on the funding of DB plans and the role of actuaries. This paper looks at the funding of DB pension plans around the world, how they vary by plan design and regulatory structure and the role that actuaries play in the key issues and questions that arise around the funding of DB plans. The issues that are explored include:
These questions are informed and illustrated by examples and case studies from different countries around the world. The paper is aimed at a wide audience of readers (ie not just actuaries) who are interested in the funding of DB pension plans (including Governments and Regulators).