Actuarial Science

  1. Pensions and Retirement Benefits
    1. Types of Retirement Plans
      1. Defined Benefit Plans
        1. Final Average Pay Plans
          1. Benefit Formula
            1. Salary Definition
              1. Service Credit
                1. Integration with Social Security
                2. Career Average Pay Plans
                  1. Benefit Formula
                    1. Revaluation Methods
                      1. Service Credit
                      2. Flat Benefit Plans
                        1. Benefit Structure
                          1. Service Requirements
                            1. Union Plans
                          2. Defined Contribution Plans
                            1. 401(k) Plans
                              1. Employee Contributions
                                1. Employer Matching
                                  1. Investment Options
                                    1. Distribution Rules
                                    2. Profit-Sharing Plans
                                      1. Contribution Formulas
                                        1. Allocation Methods
                                          1. Vesting Schedules
                                            1. Distribution Options
                                          2. Hybrid Plans
                                            1. Cash Balance Plans
                                              1. Account Structure
                                                1. Credit Rates
                                                  1. Conversion Issues
                                                    1. Regulatory Considerations
                                                    2. Pension Equity Plans
                                                      1. Benefit Formula
                                                        1. Account Structure
                                                          1. Comparison with Other Plans
                                                      2. Funding and Valuation of Pension Plans
                                                        1. Actuarial Cost Methods
                                                          1. Traditional Unit Credit
                                                            1. Cost Allocation
                                                              1. Normal Cost
                                                                1. Actuarial Liability
                                                                2. Projected Unit Credit
                                                                  1. Projected Benefits
                                                                    1. Cost Allocation
                                                                      1. Normal Cost
                                                                      2. Entry Age Normal
                                                                        1. Level Cost Approach
                                                                          1. Normal Cost
                                                                            1. Actuarial Liability
                                                                            2. Aggregate Cost Method
                                                                              1. Aggregate Approach
                                                                                1. Normal Cost
                                                                                  1. Unfunded Liability
                                                                                  2. Individual Level Premium Method
                                                                                    1. Individual Approach
                                                                                      1. Level Premiums
                                                                                        1. Limitations
                                                                                      2. Actuarial Asset Valuation
                                                                                        1. Market Value
                                                                                          1. Definition and Use
                                                                                            1. Volatility Issues
                                                                                              1. Regulatory Considerations
                                                                                              2. Smoothed Value
                                                                                                1. Smoothing Methods
                                                                                                  1. Recognition Periods
                                                                                                    1. Corridors
                                                                                                  2. Actuarial Gains and Losses
                                                                                                    1. Sources of Gains and Losses
                                                                                                      1. Investment Experience
                                                                                                        1. Mortality Experience
                                                                                                          1. Salary Experience
                                                                                                            1. Other Factors
                                                                                                            2. Experience Analysis
                                                                                                              1. Gain and Loss Analysis
                                                                                                                1. Attribution Methods
                                                                                                                  1. Reporting
                                                                                                                  2. Amortization of Gains and Losses
                                                                                                                    1. Amortization Methods
                                                                                                                      1. Amortization Periods
                                                                                                                        1. Regulatory Requirements
                                                                                                                      2. Contribution Determination
                                                                                                                        1. Minimum Contributions
                                                                                                                          1. Maximum Contributions
                                                                                                                            1. Funding Targets
                                                                                                                              1. Cash Flow Considerations
                                                                                                                            2. Pension Plan Regulation and Accounting
                                                                                                                              1. Regulatory Framework
                                                                                                                                1. ERISA Requirements
                                                                                                                                  1. IRS Regulations
                                                                                                                                    1. PBGC Standards
                                                                                                                                      1. State Regulations
                                                                                                                                      2. Minimum Funding Standards
                                                                                                                                        1. Funding Requirements
                                                                                                                                          1. Shortfall Amortization
                                                                                                                                            1. Credit Balances
                                                                                                                                              1. Waivers and Extensions
                                                                                                                                              2. Pension Benefit Guaranty
                                                                                                                                                1. PBGC Insurance
                                                                                                                                                  1. Premium Calculations
                                                                                                                                                    1. Benefit Guarantees
                                                                                                                                                      1. Plan Terminations
                                                                                                                                                      2. Accounting Standards
                                                                                                                                                        1. Financial Reporting
                                                                                                                                                          1. Pension Expense
                                                                                                                                                            1. Balance Sheet Recognition
                                                                                                                                                              1. Disclosure Requirements
                                                                                                                                                              2. Disclosure Requirements
                                                                                                                                                                1. Summary Plan Descriptions
                                                                                                                                                                  1. Annual Reports
                                                                                                                                                                    1. Participant Statements
                                                                                                                                                                      1. Regulatory Filings

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                                                                                                                                                                  5. Ratemaking and Reserving for General Insurance

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                                                                                                                                                                  7. Advanced and Specialized Topics