3-A-3 - Experience Studies for Medium-Sized Plans

Pension and other retirement benefit valuations require actuaries to set many different assumptions. For medium-sized plans this often involves reviewing experience data that is too small to be credible but too large to ignore. Panelists explore the art and science of fitting appropriate rates to small experience sets, leveraging information from other similar sources, and validating proposed rates as better than the prior assumption when applicable. Panelists also discuss actuarial judgement and adjusting rates to better predict the future as opposed to replicating the past.


James G. Berberian


Maria E. Simmers

Buck Global LLC

Timothy J. Geddes

Deloitte Consulting LLP


CPD Credit: 1.50 EA Core Credit: 1.50 EA Ethics Credit: 0.00 EA Non-Core Credit: 0.00 EA Formal Credit: 1.50