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Forum: Pension - Social Security 11-24-2013, 12:50 AM
Replies: 12
Views: 2,607
Posted By Duffer
Mention was made that this is a pre-2006 CB plan....

Mention was made that this is a pre-2006 CB plan. Did the plan get amended to comply with current regulations? Are the participants getting a "market-based" rate of return? It sounds like they...
Forum: Finance - Investments 10-01-2013, 02:24 PM
Replies: 5
Views: 5,278
Posted By Duffer
While you are discussing this issue, can someone...

While you are discussing this issue, can someone also disclose the default rates on those Corporate AA bonds? What percent of the bond market value was defaulted each year? Credit risk for...
Forum: Pension - Social Security 09-22-2013, 11:29 AM
Replies: 1,096
Views: 182,350
Posted By Duffer
Good balance by journalists. Especially enjoyed...

Good balance by journalists.
Especially enjoyed the discussion about replacement hiring.
Forum: Finance - Investments 09-17-2013, 04:48 PM
Replies: 647
Views: 184,515
Posted By Duffer
This graph ignores the simple facts of...

This graph ignores the simple facts of demographics. Workers eventually retire, and retirees are living longer than prior generations. This is a yawner for me. Instead, show me the benefit...
Forum: Finance - Investments 09-13-2013, 10:38 AM
Replies: 10
Views: 5,341
Posted By Duffer
To Eric: Your post is interesting and...

To Eric:
Your post is interesting and educational.

Any study materials or text info to expand on your comment?

I do have one question that interfers with accepting your premise.
If...
Forum: Pension - Social Security 09-04-2013, 10:23 AM
Replies: 1,096
Views: 182,350
Posted By Duffer
I have not met a political candidate yet who...

I have not met a political candidate yet who stops a hurricane. All else is just hot air blowing from their mouth
Forum: Finance - Investments 08-29-2013, 12:01 PM
Replies: 856
Views: 234,898
Posted By Duffer
San Berdo did the best they could Lost as many...

San Berdo did the best they could Lost as many expensive employees as possible, lowered the future benefit rates, and hired back only what they could afford. CalPers will eventually get their...
Forum: Pension - Social Security 08-28-2013, 06:49 PM
Replies: 2
Views: 1,286
Posted By Duffer
Best bet is to network with other users, and...

Best bet is to network with other users, and possibly see it in action in their office. The ASC sales people are honest and helpful about this type of inquiry
Forum: Pension - Social Security 08-28-2013, 04:58 PM
Replies: 16
Views: 3,673
Posted By Duffer
Dan, I am going to step back from this...

Dan, I am going to step back from this discussion, partly because I am not a serious student of this financial economics theory.

Having said that, my point was that real life does have instances...
Forum: Finance - Investments 08-28-2013, 04:21 PM
Replies: 647
Views: 184,515
Posted By Duffer
http://money.cnn.com/2013/07/23/retirement/detroit...

http://money.cnn.com/2013/07/23/retirement/detroit-pensions/index.html

More press from CNN
Forum: Pension - Social Security 08-27-2013, 06:32 PM
Replies: 16
Views: 3,673
Posted By Duffer
ASOP 4 Draft 2 was due May 31, 2013. I am...

ASOP 4 Draft 2 was due May 31, 2013.

I am struggling with the relevance of the issue for conglomerated liabilities in the public plan arena, although it is clearly relevant in the private plan...
Forum: Pension - Social Security 08-26-2013, 11:14 PM
Replies: 1,096
Views: 182,350
Posted By Duffer
Historical musing

Well, each local economy has something like a sovereign debt for public pensions according to their self-interested judges. In many cases throughout the world, you can find examples where retirement...
Forum: Pension - Social Security 08-26-2013, 06:49 PM
Replies: 1,096
Views: 182,350
Posted By Duffer
A few weeks ago, I might have bought this...

A few weeks ago, I might have bought this argument, but now I think that the pension risk and future pension costs have zero (no, none, never gonna happen) chance that benefits will be settled at...
Forum: Pension - Social Security 08-26-2013, 06:43 PM
Replies: 6
Views: 2,253
Posted By Duffer
While I know VBA, it is not a daily need. ...

While I know VBA, it is not a daily need. Further, none of my current work requires me to code. But I have a team of people who use it regularly and well.

Part of the answer depends on the...
Forum: Pension - Social Security 08-23-2013, 05:02 PM
Replies: 16
Views: 3,673
Posted By Duffer
It is a logical outgrowth of the expected return...

It is a logical outgrowth of the expected return assumption in the plan. If the entire unfunded liability could be deposited into the pension trust with no recourse back to the lenders, then you do...
Forum: Pension - Social Security 08-23-2013, 04:57 PM
Replies: 1,096
Views: 182,350
Posted By Duffer
Yeah, English is an old language, but sometimes...

Yeah, English is an old language, but sometimes it still works if the processor is functioning properly. I think the critics are just fishing for an excuse to do an RFP.
Forum: Pension - Social Security 08-23-2013, 04:35 PM
Replies: 16
Views: 3,673
Posted By Duffer
It depends on the details. If the sale of bonds...

It depends on the details. If the sale of bonds actually goes into the plan to buy securities, and the bonds do not have a call feature on the pension fund, then they might have a good idea. I just...
Forum: Pension - Social Security 08-21-2013, 06:15 PM
Replies: 1,096
Views: 182,350
Posted By Duffer
Do McDonalds workers feel shame for all the...

Do McDonalds workers feel shame for all the obese? Come on... it's just a job and I've got kids to raise.:shrug:

But seriously, it is about delivering bad news, and few do that well and...
Forum: Pension - Social Security 08-21-2013, 06:10 PM
Replies: 1,096
Views: 182,350
Posted By Duffer
Sounds like a dare to hackers, followed by a grab...

Sounds like a dare to hackers, followed by a grab for high-end software consulting contracts.
Forum: Finance - Investments 08-21-2013, 06:04 PM
Replies: 647
Views: 184,515
Posted By Duffer
The recent history is exactly as described:...

The recent history is exactly as described: Central Falls and the Alabama experience were both based on the idea of "pay till you can't, then cut".
But from an actuary's perspective, it appears that...
Forum: Finance - Investments 08-21-2013, 02:42 PM
Replies: 647
Views: 184,515
Posted By Duffer
I still do not understand the objection of the...

I still do not understand the objection of the Detroit retirees. The funds are reasonably adequate for the current retirees. The only risk that retirees face is that the funds will be depleted...
Forum: Finance - Investments 08-21-2013, 02:30 PM
Replies: 647
Views: 184,515
Posted By Duffer
Goin' to the dogs.... Not actually a pension...

Goin' to the dogs.... Not actually a pension issue, but clearly about public safety.
Forum: Pension - Social Security 08-21-2013, 02:15 PM
Replies: 44
Views: 7,272
Posted By Duffer
Nice that the rear-view mirror works so well.

Nice that the rear-view mirror works so well.
Forum: Pension - Social Security 08-20-2013, 07:32 PM
Replies: 1,096
Views: 182,350
Posted By Duffer
Much better if you use the right tools for both...

Much better if you use the right tools for both assumptions.

Pick a representative yield curve for your level of credit risk, and discount your benefit payments on that basis.

The EROA should...
Forum: Pension - Social Security 08-20-2013, 07:24 PM
Replies: 17
Views: 11,013
Posted By Duffer
When I take a commercial flight, I am certain...

When I take a commercial flight, I am certain that the pilots get paid every time.
Why would I do free actuarial work for someone's specific benefit decisions?
As a missionary work for the...
Showing results 1 to 25 of 300

 

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