Changing Risks Confronting Pension Participants

The past decade has seen a shift from traditional employer-sponsored defined benefit pensions toward individual account defined contribution plans. This has profound implications for participants’ retirement security, as it involves a reallocation of risks and rewards from the plan sponsor to the employee. While much has been written about the transfer of investment risk and the potential consequences of bad investment choices, less attention has been focused on other potential hazards to retirement security. These include the effect of job changes and other employment factors on contribution patterns, the chance of outliving one’s accumulated assets, and the tension between encouraging participants to save for retirement while allowing access to those assets for a variety of other pressing financial needs. This chapter examines these challenges to participant retirement income security and identifies several legal and policy changes that might enable participants to cope better with such changes

A National Retirement Income Policy: Problems and Policy Options

This Article examines the need for a national retirement income policy, identifies the major components of such a policy, and briefly discusses some of the policy options for private pension plans. This Article is an overview of several critical policy areas. It is not an exhaustive policy analysis, nor does it provide a definitive series of options for achievement of a particular policy. Its focus will be on the private pension system, rather than on federally provided benefits such as social security or Medicare, or employer-provided pensions for state, local, or federal employees. The issues discussed are a starting point for the type of national debate that must accompany the development of short- and long-term retirement security goals

Monopole ordered phases in dipolar and nearest-neighbours Ising pyrochlore: from spin ice to the "all-in--all-out" antiferromagnet

We study Ising pyrochlores by means of Monte Carlo simulations. We cover a set of exchange constants ranging from the frustrated ferromagnetic case (spin-ice) to the fully-ordered "all-in--all-out" antiferromagnet in the dipolar model, reinterpreting the results --as in an ionic system-- in terms of a temperature vs. magnetic charge density phase diagram. In spite of its spin nature and the presence of both double and single non-conserved magnetic charges, the dipolar model gives place to a phase diagram which is quite comparable with those previously obtained for on-lattice systems of electric charges, and on spin ice models with conserved number of single magnetic charges. The contrast between these systems, to which we add results from the nearest-neighbours model, put forward other features of our phase diagram --notably, a monopole fluid with charge order at high monopole densities that persists up to arbitrarily high temperatures-- that can only be explained taking into account construction constraints forced by the underlying spin degrees of freedom.Comment: 9 pages, 10 figure

Rigid-Band Shift of the Fermi Level in a Strongly Correlated Metal: Sr(2-y)La(y)RuO(4)

We report a systematic study of electron doping of Sr2RuO4 by non-isovalent substitution of La^(3+) for Sr^(2+). Using a combination of de Haas-van Alphen oscillations, specific heat, and resistivity measurements, we show that electron doping leads to a rigid-band shift of the Fermi level corresponding to one doped electron per La ion, with constant many-body quasiparticle mass enhancement over the band mass. The susceptibility spectrum is substantially altered and enhanced by the doping but this has surprisingly little effect on the strength of the unconventional superconducting pairing.Comment: 4 pages, 3 figure

Speech impairment in Parkinson’s disease: acoustic analysis of unvoiced consonants in Italian native speakers

The study of the influence of Parkinson’s Disease (PD) on vocal signals has received much attention over the last decades. Increasing interest has been devoted to articulation and acoustic characterization of different phonemes. Method: In this study we propose the analysis of the Transition Regions (TR) of specific phonetic groups to model the loss of motor control and the difficulty to start/stop movements, typical of PD patients. For this purpose, we extracted 60 features from pre-processed vocal signals and used them as input to several machine learning models. We employed two data sets, containing samples from Italian native speakers, for training and testing. The first dataset - 28 PD patients and 22 Healthy Control (HC) - included recordings in optimal conditions, while in the second one - 26 PD patients and 18 HC- signals were collected at home, using non-professional microphones. Results: We optimized two support vector machine models for the application in controlled noise conditions and home environments, achieving 98% ± 1.1 and 88% ± 2.8 accuracy in 10-fold cross-validation, respectively. Conclusion: This study confirms the high capability of the TRs to discriminate between PD patients and healthy controls, and the feasibility of automatic PD assessment using voice recordings. Moreover, the promising performance of the implemented model discloses the option of voice processing using low-cost devices and domestic recordings, possibly self-managed by the patients themselves

Monte Carlo study on the detection of classical order by disorder in real antiferromagnetic Ising pyrochlores

We use Monte Carlo simulations to evaluate the feasibility of detecting thermal order by disorder in real antiferromagnetic Ising pyrochlores, frustrated by a magnetic field applied in the [110] direction. Building on an ideal system with only nearest-neighbor exchange interactions and a perfectly oriented field, we consider the effects of dipolar interactions and field misalignment. Our approach is special in that it relies more in the possibility to switch on and off the entropic drive towards order than in the absence of (or immunity to) a particular perturbation. It can then be applied, in principle, to other uncontrolled interactions expected to be naturally present in real magnetic materials. We establish the conditions under which entropic effects can be discerned from an interaction drive towards order, show how to use neutron scattering as a means to unveil this mechanism, and discuss possible materials where to test these ideas.Instituto de Física de Líquidos y Sistemas Biológico

Anomalous out-of-equilibrium dynamics in the spin-ice material Dy2Ti2O7 under moderate magnetic fields

This work was supported by Agencia Nacional de Promoción Científica y Tecnológica (ANPCyT) through grants PICT 2013-2004, PICT 2014-2618 and PICT 2017-2347, and Consejo Nacional de Investigaciones Científicas y Técnicas (CONICET) through Grant PIP 0446.We study experimentally and numerically the dynamics of the spin ice material Dy2Ti2O7 in the low temperature (T) and moderate magnetic field (B) regime (T ∈ [0.1, 1.7]  K, B ∈ [0, 0.3]  T). Our objective is to understand the main physics shaping the out-of-equilibrium magnetisation vs temperature curves in two different regimes. Very far from equilibrium, turning on the magnetic field after having cooled the system in zero field (ZFC) can increase the concentration of magnetic monopoles (localised thermal excitations present in these systems); this accelerates the dynamics. Similarly to electrolytes, this occurs through dissociation of bound monopole pairs. However, for spin ices the polarisation of the vacuum out of which the monopole pairs are created is a key factor shaping the magnetisation curves, with no analog. We observe a threshold field near 0.2 T for this fast dynamics to take place, linked to the maximum magnetic force between the attracting pairs. Surprisingly, within a regime of low temperatures and moderate fields, an extended Ohm's law can be used to describe the ZFC magnetisation curve obtained with the dipolar spin-ice model. However, in real samples the acceleration of the dynamics appears even sharper than in simulations, possibly due to the presence of avalanches. On the other hand, the effect of the field nearer equilibrium can be just the opposite to that at very low temperatures. Single crystals, as noted before for powders, abandon equilibrium at a blocking temperature TB which increases with field. Curiously, this behaviour is present in numerical simulations even within the nearest-neighbours interactions model. Simulations and experiments show that the increasing trend in TB is stronger for B||[100]. This suggests that the field plays a part in the dynamical arrest through monopole suppression, which is quite manifest for this field orientation.PostprintPeer reviewe

Field-tuned order by disorder in frustrated Ising magnets with antiferromagnetic interactions

We demonstrate the appearance of thermal order by disorder in Ising pyrochlores with staggered antiferromagnetic order frustrated by an applied magnetic field. We use a mean-field cluster variational method, a low-temperature expansion, and Monte Carlo simulations to characterize the order-by-disorder transition. By direct evaluation of the density of states, we quantitatively show how a symmetry-broken state is selected by thermal excitations. We discuss the relevance of our results to experiments in 2D and 3D samples and evaluate how anomalous finite-size effects could be exploited to detect this phenomenon experimentally in two-dimensional artificial systems, or in antiferromagnetic all-in-all-out pyrochlores like Nd2Hf2O7 or Nd2Zr2O7, for the first time.Publisher PDFPeer reviewe

Multislice computed tomography in an asymptomatic high-risk population

Approximately 50% of all acute coronary syndromes occur in previously asymptomatic patients. This study evaluated the value of multislice computed tomography for early detection of significant coronary artery disease (CAD) in high-risk asymptomatic subjects. One hundred sixty-eight asymptomatic subjects with >or=1 major risk factor (hypertension, diabetes, hypercholesterolemia, family history, or smoking) and an inconclusive or unfeasible noninvasive stress test result (stress electrocardiography, echocardiography, or nuclear scintigraphy) were evaluated in an outpatient setting. After clinical examination and laboratory risk analysis, all patients underwent multislice computed tomographic (MSCT) coronary angiography within 1 week. In all subjects, conventional coronary angiography was also carried out. Multislice computed tomography displayed single-vessel CAD in 16% of patients, 2-vessel CAD in 7%, and 3-vessel CAD in 4%. Selective coronary angiography confirmed the results of multislice computed tomography in 99% of all patients. Sensitivity and specificity of MSCT coronary angiography were 100% and 98%, respectively, with a positive predictive value of 95% and a negative predictive value of 100%. In conclusion, MSCT coronary angiography is an excellent noninvasive technique for early identification of significant CAD in high-risk asymptomatic patients with inconclusive or unfeasible noninvasive stress test results