Article Abstract:
Interactive simulation models are transforming the actuarial function in pension management and are becoming an important instrument for determining the funding requirements of a pension plan. These simulation models facilitate computation of a plan's future expense and funding requirements under different assumptions. These projections can be displayed interactively to clients because these models function on personal computers. This allows the client to get involved and contribute assumptions input in the analysis.
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Article Abstract:
Senate Majority Leader Robert Dole is proposing a bill which would lessen the regulation against small businesses by removing complicated and expensive pension formulas and computations. Employees put up to 3% of their annual pay and employers may either match this contribution or put $6,000, whichever is lower. This is called the Savings Incentive Match Plan for Employees (SIMPLE). This applies to small businesses with less than 100 employees who do not yet have pension plans.
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Article Abstract:
Pension plan sponsors have access to computer networks through which they may evaluate money managers according to their historical investment performance. However, plan administrators need to look beyond performance-based criteria provided by computer services in selecting good fund managers. This is because focusing on performance may lead to the neglect of the basic money management criteria: personal responsibility, investment philosophy and persistence.
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