Pension Valuation Tutorial

By: Mark K. Altschuler, Actuary

This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional services. If legal advice or other professional assistance is required, the services of a competent professional person should be sought.

From a Declaration of Principles jointly adopted by a committee of the American Bar Association and a Committee of Publishers and Associations

Reprinted with permission. 2007, Aspen Publishers, Inc., from Valuing Specific Assets in Divorce, edited by Robert D. Feder. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, or any information storage and retrieval system, without permission is writing from the publisher.

Table of Contents

16.01    Introduction
16.02    Immediate Offset
16.03    Deferred Distribution
16.04    Glossary of Pension Terms
16.05    Documents Needed for Pension Valuation or Distribution
16.06    Common Pension Issues
16.07    Early Retirement Incentives
16.08    Cost of Living Adjustments
16.09    Retirement Age
16.10    Cut-off Date and Marital Coverture Fraction
16.11    Benefit Commencement and Termination
16.12    Valuation Strategies
16.13    Calculation of Present Value of a Defined Benefit Pension