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Colloquium, Fall 2004

Day: Thursday November 18 Time: 4:00pm Place: BH 112 Title: Assumptions involved in modeling pension plans Speaker: Steven Bland, Actuary, Symetra Financial Abstract: In recent years advances in computing power have led to widespread utilization of modeling in business applications. As powerful as these models may be they are only as good as the assumptions used. This talk will discuss how assumptions are developed, monitored, and revised, pitfalls, and constraints. Examples are drawn from funding a pension plan where model output will determine actual cash contributions. There are no prerequisites for this talk, though a general math or business background will be helpful. Cookies: In BH 300 at 3:30pm.