The Society of Actuaries issued a call for research papers examining public pension plan finance, particularly the current practice of actuaries applying financial economics principles differently between public plans and private plans, and the issue of reporting financial information by market value.
The society seeks papers addressing a range of perspectives on elements of public pension fund finance from academics, practitioners, plan sponsors, actuaries and analysts, among other researchers.
Topics the society suggests include the advantages or drawbacks of public pension plans reporting market-related financial information.
Abstracts must be submitted by Oct. 15 and complete papers by March 1. Society officials plan to host a symposium in spring to discuss selected papers; no date has been set. Submissions also may be published in an online monograph and society publications.
Information on the call for papers is available here.
The Government Accounting Standards Board, Norwalk, Conn., and Actuarial Standards Board, Washington, have separate reviews under way to consider whether they should overhaul their accounting and actuarial standards for public pension plans, respectively, including ways to measure and disclose pension plan liabilities.
The Society of Actuaries, based in Schaumburg, Ill., is an educational and research professional organization with 18,000 members. Barry B. Burr