Table of Contents. Late Breaking Developments Donald J. Segal, Moderator The Segal Company; New York, NY

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1 Table of Contents Scroll to the title and select a Blue link to open a paper. After viewing the paper, use the bookmark Go to Previous Document to return to the same page in the Table of Contents. Pension Retirement Income Sources and Needs in the 21st Century... 1 Scott A. Hittner, Moderator Chicago Consulting Actuaries LLC; Denver, CO Bruce D. Schobel, Speaker New York Life Insurance Co.; New York, NY Stephen B. Wagner, Speaker Hewitt Associates LLC; Minneapolis, MN Late Breaking Developments Donald J. Segal, Moderator The Segal Company; New York, NY Max J. Schwartz, Speaker Sullivan & Cromwell LLP; New York, NY James E. Holland, Speaker Internal Revenue Service; Washington, DC Ethan E. Kra, Speaker Mercer Human Resource Consulting; New York, NY Retirement Plan Design - An Employer s Perspective Lance J. Weiss, Moderator Deloitte & Touche LLP; Chicago, IL Brian F. Augustian, Speaker Deloitte & Touche LLP; Chicago, IL Patrick Quinn, Speaker Provena Health; Frankfort, IL The Changing View of Pensions from Analysts and Rating Agencies Stephen J. Gould, Moderator Towers Perrin; Boston, MA Wayde Bendus, Speaker Deutsche Bank; New York, NY Gregory Clifton, Speaker Moody s Investor Service; New York, NY

2 Dialogue with the IRS Donald J. Segal, Moderator The Segal Company; New York, NY Laurin S. Eastling, Speaker Aon Consulting; Winston-Salem, NC James E. Holland, Speaker Internal Revenue Service; Washington, DC Age Discrimination Versus Cash Balance Plans on the Front Pages Jeffrey S. Hoffman, Moderator Towers Perrin; Southfield, MI Lawrence J. Sher, Speaker Mellon Human Resources; New York, NY Robert M. O Keefe, Speaker Towers Perrin; Southfield, MI Pension Funding Reform Proposals Kenneth A. Steiner, Moderator Watson Wyatt Worldwide; Washington, DC Ethan E. Kra, Speaker Mercer Human Resource Consulting; New York, NY Ronald Gebhardtsbauer, Speaker American Academy of Actuaries; Washington, DC Timothy J. Geddes, Speaker Deloitte & Touche LLP; Detroit, MI Making Transparency Clear - An Analyst s View of Financial Disclosure Alice Pegel Stuart, Moderator Towers Perrin; Stamford, CT Gregory Clifton, Speaker Moody s Investors Service; New York, NY Wayde Bendus, Speaker Deutsche Bank; New York, NY Incredibly Creative Plan Design Scott A. Hittner, Moderator Chicago Consulting Actuaries LLC; Denver, CO Andrea I. Kane, Speaker Mercer Human Resource Consulting; New York, NY William B. Fornia, Speaker Gabriel Roeder Smith & Co.; Denver, CO

3 GASB OPEB Ira M. Summer, Speaker Public Pension Professionals; Oakland, CA Brian B. Murphy, Speaker Gabriel Roeder Smith & Co.; Southfield, MI Return Assumptions - Economic vs. Practice Stephen T. McElhaney, Moderator Mercer Human Resource Consulting; Richmond, VA Yves McGale, Speaker Mercer Human Resource Consulting; Norwalk, CT Brian C. Donohue, Speaker Chicago Consulting Actuaries LLC; Chicago, IL Hot Topics in Pension Accounting Kenneth A. Steiner, Moderator Watson Wyatt Worldwide; Washington, DC Bruce F. Monte, Speaker Watson Wyatt Worldwide; Stamford, CT William J. Sohn, Speaker Buck Consultants Inc.; New York, NY Health Defined Contribution Retiree Healthcare John J. Schubert, Moderator PricewaterhouseCoopers LLP; Chicago, IL William F. Matusz, Speaker Prudential Insurance Co.; Montgomeryville, PA Adam J. Reese, Speaker Hay Group; Arlington, VA FAS Assumption, Prefunding and Medicare Reform Issues John J. Bauer, Moderator Milliman USA; New York, NY Trevis G. Parson, Speaker Towers Perrin; Philadelphia, PA Chip Kerby, Speaker McDermott Will & Emery; Washington, DC

4 New Age Data Analysis Lawrence J. McCarthy, Moderator Mercer Health & Benefits LLC; Glen Allen, VA Mary G. Henderson, Speaker HDMS; Beachwood, OH Joe Bisson, Speaker Solucient LLC; Baltimore, MD Suzanne Horn, Speaker Ingenix; New Haven, CT Experiences with Consumer Driven Healthcare Theodore A. Prospect, Moderator Hewitt Associates LLC; Norwalk, CT Dean E. Fiscus, Speaker Aetna; Hartford, CT David M. Tuomala, Speaker Definity Health; St. Louis Park, MN Erich Y. Blumberg, Speaker Hewitt Associates LLC; Irving, TX Healthcare Risk Management George B. Wagoner, Moderator Mercer Human Resource Consulting; Glen Allen, VA Mike King, Speaker American Healthways; Nashville, TN Robert Ihrie, Speaker Lowe s Companies Inc.; Wilkesboro, NC Seth Serxner, Speaker Mercer Human Resource Consulting; Los Angeles, CA CDHP Pricing and Design Thomas S. Tomczyk, Moderator Mercer Human Resource Consulting; Pittsburgh, PA Sander C. Domaszewicz, Speaker Mercer Human Resource Consulting; Newport Beach, CA Erich Y. Blumberg, Speaker Hewitt Associates LLC; Irving, TX

5 Medicare Reform Cori E. Uccello, Moderator American Academy of Actuaries; Washington, DC Margaret Wood Wear, Speaker PacifiCare Health Systems; Santa Ana, CA George B. Wagoner, Speaker Mercer Human Resource Consulting; Glen Allen, VA Prescription Drugs, PDPs and Medicare Reform Thomas S. Tomczyk, Moderator Mercer Human Resource Consulting; Pittsburgh, PA Eric Michael, Speaker Mercer Human Resource Consulting; Minneapolis, MN Pritpal S. Virdee, Speaker Practice Patterns Science Inc.; Maryland Heights, MO Casualty The New Annual Statement Instructions for the Casualty Actuarial Opinion Charles F. Cook, Moderator MBA Actuaries Inc.; Mountain Lakes, NJ Chester J. Szczepanski, Speaker Pennsylvania Insurance Dept.; Harrisburg, PA Scott P. Weinstein, Speaker KPMG LLP; Atlanta, GA Uncollectible Reinsurance Scott Weinstein, Moderator KPMG LLP; Atlanta, GA Nicholas H. Pastor, Speaker Ernst & Young LLP; New York, NY Chester J. Szczepanski, Speaker Pennsylvania Insurance Dept.; Harrisburg, PA Medical Malpractice Reform Kevin M. Bingham, Speaker Deloitte & Touche LLP; Hartford, CT

6 Life Actuarial Opinions, Do They Have Value? Scott C. Anderson, Speaker St. Paul Companies Inc.; St. Paul, MN Chester J. Szczepanski, Speaker Pennsylvania Insurance Dept.; Harrisburg, PA Michael L. Toothman, Speaker Actl. & Risk Consulting Servs.; Ardmore, PA Charles F. Cook, Speaker MBA Actuaries Inc.; Mountain Lakes, NJ Nonforfeiture Issues Eric J. Carlson, Speaker Transamerica Life Companies; Charlotte, NC David K. Sandberg, Speaker Allianz Life Insurance Co. of N. America; Minneapolis, MN The State of the States on Workers Compensation Frederick W. Kilbourne, Speaker The Kilbourne Company; San Diego, CA New Reserve Methodology for Variable Annuity Products Using Relevant Risk-Based Capital Approaches James W. Lamson, Speaker Actuarial Resource Corp.; Overland Park, KS Larry M. Gorski, Speaker Claire Thinking Inc.; New Berlin, IL Allan W. Ryan, Speaker PricewaterhouseCoopers LLP; Philadelphia, PA Consulting Skills Client Case Management Skills Donald J. Segal, Moderator The Segal Company; New York, NY Stanley C. Samples, Speaker Mercer Human Resource Consulting; Atlanta, GA Alfred O. Weller, Speaker MBA Actuaries; Mountain Lakes, NJ Eugene Oppo, Speaker Mercer Human Resource Consulting; New York, NY

7 International International Insurer Solvency Study and Report David K. Sandberg, Speaker Allianz Life Insurance Co. of N. America; Minneapolis, MN Stuart F. Wason, Speaker MMC Enterprise Risk Consulting; Toronto, ON International Retirement Benefits Kenneth G. Buffin, Moderator Buffin Partners Inc.; Sparta, NJ Erwin S. Janush, Speaker Aon Consulting; Chicago, IL Eric J. Elbert, Speaker Aon Consulting; Chicago, IL Actuarial Standard of Practice for Compliance with International Accounting Standards for Insurance Companies Burton D. Jay, Speaker Omaha, NE Robert S. Miccolis, Speaker Deloitte & Touche LLP; Philadelphia, PA David J. Congram, Speaker Islington, ON Investment Barriers to Bonds Christopher Levell, Speaker Mercer Investment Consulting; Chicago, IL Mark T. Ruloff, Speaker Wintech; Greenwich, CT Investment Options for Underfunded Frozen Plans Christopher Levell, Speaker Mercer Investment Consulting; Chicago, IL John S. Loftus, Speaker PIMCO Specialty Markets; Newport Beach, CA

8 Fixed Income Current Topics Bryan E. Boudreau, Moderator Morgan Stanley & Co.; New York, NY Geraldine A. Michalik, Speaker Ryan Labs Inc.; New York, NY Ron J. Ryan, Speaker Ryan ALM Inc.; New York, NY General Interest Executive Compensation and Benefits: Conducive, Elusive or Abusive? Max J. Schwartz, Speaker Sullivan & Cromwell LLP; New York, NJ Joseph K. Sapora, Speaker Hay Group; Jersey City, NJ Retirement Choices When Hired Stephen B. Wagner, Speaker Hewitt Associates LLC; Minneapolis, MN Darlene Glesenkamp, Speaker Cinergy Corporation; Plainfield, IN Is Risk Management for Actuaries? Thomas H. Shelby, Moderator T. H. Shelby & Company; Dallas, TX Frederick W. Kilbourne, Speaker The Kilbourne Company; San Diego, CA Barry A. Franklin, Speaker Aon Consulting; Chicago, IL Attention 401 k-mart Shoppers: Defined Contribution Superstore So Many Ways to Save John P. Parks, Speaker Principal Financial Group; Pittsburgh, PA Bruce D. Schobel, Speaker New York Life Insurance Co.; New York, NY

9 Enterprise Risk in the Real World Thomas H. Shelby, Moderator T. H. Shelby & Company; Dallas, TX Stuart F. Wason, Speaker MMC Enterprise Risk Consulting; Toronto, ON Scott Peterson, Speaker Miami Air International; Coral Springs, FL A Failure to Communicate - How Actuaries Assist Auditors in Connection with Financial Statements Stephen N. Eisenstein, Moderator Ernst & Young LLP; Chicago, IL Terri T. Fujii, Speaker Ernst & Young LLP; Honolulu, HI Jerry D. Allen, Speaker Mercer Human Resource Consulting; Chicago, IL Financial Economics & (not Versus) Current Actuarial Practice Mark T. Ruloff, Speaker Wintech; Greenwich, CT Bryan E. Boudreau, Speaker Morgan Stanley & Co.; New York, NY Tony Day, Speaker QIC; Brisbane, Australia Stock Options 101: Everything You Ever Need to Know About Stock Options Thomas S. Terry, Moderator Chicago Consulting Actuaries LLC; Chicago, IL Glenn D. Bowen, Speaker Milliman USA; Wayne, PA Scott M. Turner, Speaker Watson Wyatt Worldwide; New York, NY Stock Options 102: Stock Option Pricing Models Thomas S. Terry, Moderator Chicago Consulting Actuaries LLC; Chicago, IL Philip A. Peterson, Speaker Aon Consulting; Conshohocken, PA Sean P. Scrol, Speaker Chicago Consulting Actuaries LLC; Chicago, IL

10 Outsourcing Administration and HR Conversations Timothy J. Carey, Moderator Mercer Human Resource Consulting; Baltimore, MD Joseph W. Kelly, Speaker Deloitte & Touche LLP; Los Angeles, CA Richard Wolfe, Speaker Mercer Human Resource Consulting; Houston, TX Reports of Officers, Committees and Guests Opening Remarks/Business Meeting Report of the President Margaret Tiller Sherwood Report of the Nominating Committee and Presentation of Conference Officers Stanley C. Samples Report of the Treasurer Thomas S. Terry Report of the Secretary Thomas H. Shelby Passing of the Gavel Margaret Tiller Sherwood / William F. Bluhm In Memoriam In Memoriam Nathan B. Borden, Charles J. Burrall, Jr., David J. Cavell, Florence S. Conrad, Allen H. Coutts, Benedict J. Dasher, James B. Gardiner II, Harry Hineman, James F. MacLean, Raymond G. Pearson, David M. Reade, Donald A. Rholl, William J. Stephan, Stuart B. Suchoff, Charles Wittenberg Papers Fixing the Pension Plan Funding Rules Edward E. Burrows Financial Economics and Actuarial Practice Tony Day

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