◀ The Principal Blog

Posts tagged ‘Defined Benefit’

Mortality Meets Volatility

“In this world nothing can be said to be certain, except death and taxes.” America’s first blogger, Benjamin Franklin first made this observation two and a quarter centuries ago, and it has held true these many years. With the latest developments regarding mortality assumptions, however, Dr.…

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Pension Accounting: A Return to the Wild West?

The pension accounting world before 1987 was a wild place, very similar to the western town in the Mel Brooks classic, Blazing Saddles. Before a sheriff was appointed to bring order, the peaceful town of Rock Ridge was chaotic and potentially dangerous. (Why, at any time a band of desperadoes could…

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