Description: This session dealt with pension fund investments with respect to the following discussion topics: A. In May, 1962, there was a drastic fall in stock prices. What effect, if any, did this have on a objectives as to the proportion of pension funds invested in equities and b methods of valuing equity pension assets for pension- fund valuation purposes? B. Where pension funds are invested in a pooled or commingled account what special problems are encountered in asset valuation for pension-fund valuation purposes as distinguished from investments held in an individual separate account or trust?

Description: Examination of how mean reserve factors can best be calculated in light of the new accounting reporting requirements for the earnings of stock life insurance companies. Also examines some methods of expense amortization, including the reserve factor method, and also attempt to show an informative comparison of how reported calendar-year earnings can be expected to emerge with statutory mean reserve factors, natural mean reserve factors, and assorted expense amortization methods. Followed by several submitted discussion papers