Comments for Actuaries – Society of Actuaries – Insights on risk management and its opportunities from the actuarial profession http://blog.soa.org Risk management – Actuary – Insights on risks and opportunities from Society of Actuaries Thu, 10 May 2012 14:51:38 +0000 hourly 1 http://wordpress.org/?v=3.3.2 Comment on Ford announces program to “buy-out” retirees and former employees in its U.S. salaried retirement program – A good risk management move? Depends on your perspective… by Andy Peterson http://blog.soa.org/2012/05/01/ford-announces-program-to-buy-out-retirees-and-former-employees-in-its-u-s-salaried-retirement-program-a-good-risk-management-move-depends-on-your-perspective/comment-page-1/#comment-9537 Andy Peterson Thu, 10 May 2012 14:51:38 +0000 http://blog.soa.org/?p=1282#comment-9537 For more perspectives on issues that individuals should consider in whether to accept this offer, Steve Vernon (also an actuary) has written a nice article responding to Ford's announcement for his CBS MoneyWatch column. See: http://www.cbsnews.com/8301-505146_162-57425528/fords-retiree-cashout-a-trap-for-the-unwary/?tag=mncol;lst;4 For more perspectives on issues that individuals should consider in whether to accept this offer, Steve Vernon (also an actuary) has written a nice article responding to Ford’s announcement for his CBS MoneyWatch column. See: http://www.cbsnews.com/8301-505146_162-57425528/fords-retiree-cashout-a-trap-for-the-unwary/?tag=mncol;lst;4

]]> Comment on Ford announces program to “buy-out” retirees and former employees in its U.S. salaried retirement program – A good risk management move? Depends on your perspective… by Yvonne Socha http://blog.soa.org/2012/05/01/ford-announces-program-to-buy-out-retirees-and-former-employees-in-its-u-s-salaried-retirement-program-a-good-risk-management-move-depends-on-your-perspective/comment-page-1/#comment-9536 Yvonne Socha Thu, 10 May 2012 13:47:59 +0000 http://blog.soa.org/?p=1282#comment-9536 Thank you for your comments. As a "surviving spouse" of a Ford Motor Company employee, and a current pension recipient, there are many factors to consider. On the plus side, as a surviving spouse, I cannot pass my monthly check on to anyone when I die. If I take the lump sum (hopefully) there may be some amount left to pass on to my heirs. There are so many questions - several of which you addressed in your article. Also, are we going to be allowed to roll this money over into an IRA; or, are taxes due upon Ford's distribution to us? The bottom line is, and always has been, about the money. It all depends on the dollar amount that Ford offers. If the employee/spouse feels it is fair they will take it - if they feel the monies are insuffient-they will decline. It will be very interesting to see what ultimately happens. I am keeping your article to review when I receive my "buyout" package. Thank you. Thank you for your comments. As a “surviving spouse” of a Ford Motor Company employee, and a current pension recipient, there are many factors to consider. On the plus side, as a surviving spouse, I cannot pass my monthly check on to anyone when I die. If I take the lump sum (hopefully) there may be some amount left to pass on to my heirs. There are so many questions – several of which you addressed in your article. Also, are we going to be allowed to roll this money over into an IRA; or, are taxes due upon Ford’s distribution to us? The bottom line is, and always has been, about the money. It all depends on the dollar amount that Ford offers. If the employee/spouse feels it is fair they will take it – if they feel the monies are insuffient-they will decline. It will be very interesting to see what ultimately happens. I am keeping your article to review when I receive my “buyout” package. Thank you.

]]> Comment on Ford announces program to “buy-out” retirees and former employees in its U.S. salaried retirement program – A good risk management move? Depends on your perspective… by Bob Boeckner http://blog.soa.org/2012/05/01/ford-announces-program-to-buy-out-retirees-and-former-employees-in-its-u-s-salaried-retirement-program-a-good-risk-management-move-depends-on-your-perspective/comment-page-1/#comment-9521 Bob Boeckner Wed, 02 May 2012 16:21:12 +0000 http://blog.soa.org/?p=1282#comment-9521 Good article, Andy. I agree that lessening the risk for Ford transfers the risk to the participant who likely will not be a pension expert and to any insurance company that issues an annuity in return for the lump sum. The risk does not magically vanish. Good article, Andy. I agree that lessening the risk for Ford transfers the risk to the participant who likely will not be a pension expert and to any insurance company that issues an annuity in return for the lump sum. The risk does not magically vanish.

]]> Comment on An interview with Malcolm Hamilton by Minaz Lalani http://blog.soa.org/2012/04/16/an-interview-with-malcolm-hamilton-2/comment-page-1/#comment-9519 Minaz Lalani Wed, 02 May 2012 01:49:27 +0000 http://blog.soa.org/?p=1187#comment-9519 Malcolm - Congratulations ! Enjoy your defintion of retirement. Great article on the actuaries' actuary. Malcolm has been THE spokesperson for the actuarial profession during his esteem career and we should all be indebted to him for his effort and time . Malcolm -Thank You. Malcolm – Congratulations ! Enjoy your defintion of retirement.

Great article on the actuaries’ actuary. Malcolm has been THE spokesperson for the actuarial profession during his esteem career and we should all be indebted to him for his effort and time . Malcolm -Thank You.

]]> Comment on An interview with Malcolm Hamilton by Rob Brown http://blog.soa.org/2012/04/16/an-interview-with-malcolm-hamilton-2/comment-page-1/#comment-9516 Rob Brown Fri, 27 Apr 2012 21:51:06 +0000 http://blog.soa.org/?p=1187#comment-9516 Great actuary. Great career. A true credit to the profession. Well done. Enjoy Muskoka. Great actuary. Great career. A true credit to the profession. Well done.

Enjoy Muskoka.

]]> Comment on An interview with Malcolm Hamilton by Tom Walker http://blog.soa.org/2012/04/16/an-interview-with-malcolm-hamilton-2/comment-page-1/#comment-9515 Tom Walker Fri, 27 Apr 2012 11:54:35 +0000 http://blog.soa.org/?p=1187#comment-9515 Malcolm's communication skills have always impressed me. He is definitely our media super star and I hope an inspiration to all actuaries on the importance of communication. Malcolm’s communication skills have always impressed me. He is definitely our media super star and I hope an inspiration to all actuaries on the importance of communication.

]]> Comment on An interview with Malcolm Hamilton by Raymond Tsang http://blog.soa.org/2012/04/16/an-interview-with-malcolm-hamilton-2/comment-page-1/#comment-9514 Raymond Tsang Fri, 27 Apr 2012 11:48:59 +0000 http://blog.soa.org/?p=1187#comment-9514 I knew Malcolm is great. But I want to know how to upgrade myself so that I find some work that can generate income to sustain my living expense. Therefore, I want to get those kinds of information. I am not looking for complimentary message. I apologize for this nasty response. I knew Malcolm is great. But I want to know how to upgrade myself so that I find some work that can generate income to sustain my living expense. Therefore, I want to get those kinds of information. I am not looking for complimentary message. I apologize for this nasty response.

]]> Comment on An interview with Malcolm Hamilton by Mike Austin http://blog.soa.org/2012/04/16/an-interview-with-malcolm-hamilton-2/comment-page-1/#comment-9493 Mike Austin Tue, 17 Apr 2012 03:02:03 +0000 http://blog.soa.org/?p=1187#comment-9493 This article is very inspiring for a young aspiring pension actuary, such as myself. Thank you Joe and Malcolm! This article is very inspiring for a young aspiring pension actuary, such as myself. Thank you Joe and Malcolm!

]]> Comment on Actuarial principles at play in Supreme Court health care case by Sara Teppema http://blog.soa.org/2012/03/27/actuarial-principles-at-play-in-supreme-court-health-care-case/comment-page-1/#comment-9475 Sara Teppema Tue, 10 Apr 2012 21:12:08 +0000 http://blog.soa.org/?p=1134#comment-9475 Paul -- Uncompensated hospital care is allocated into the cost borne by paying customers, which would include insured and self-paying uninsured people. Those projected additional costs would be built into insurance premiums, along with other projected increases in costs. It would be difficult to quantify exact amounts, however. Paul — Uncompensated hospital care is allocated into the cost borne by paying customers, which would include insured and self-paying uninsured people. Those projected additional costs would be built into insurance premiums, along with other projected increases in costs. It would be difficult to quantify exact amounts, however.

]]> Comment on Actuarial principles at play in Supreme Court health care case by Sara Teppema http://blog.soa.org/2012/03/27/actuarial-principles-at-play-in-supreme-court-health-care-case/comment-page-1/#comment-9474 Sara Teppema Tue, 10 Apr 2012 21:06:47 +0000 http://blog.soa.org/?p=1134#comment-9474 Greg -- Some investment in wellness and prevention is built into the ACA, through the requirement that almost all plans cover preventive care at 100%, as well as a few other provision. As long as people are able to switch from one employer (or insurer) to another, it will always be an issue that the return on those investments can come long after the investment is made, and can come to another payer (such as another insurer, employer or public payer). A small employer might see other benefits in terms of improved employee productivity and reduced disability. Greg — Some investment in wellness and prevention is built into the ACA, through the requirement that almost all plans cover preventive care at 100%, as well as a few other provision. As long as people are able to switch from one employer (or insurer) to another, it will always be an issue that the return on those investments can come long after the investment is made, and can come to another payer (such as another insurer, employer or public payer). A small employer might see other benefits in terms of improved employee productivity and reduced disability.

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