Innovations and Trends in Pension Plan Coverage, Pension Type and Plan Design

In this paper, we outline recent trends in employer pension pIan structure in the United States, focusing on plan coverage, plan type and pension plan design. We then identify the key factors that we believe will shape company-sponsored pension design in the future, drawing conclusions from a review of recent research and practice. Finally, we offer a cautious prognosis about the future of pension pIan coverage, pIan type and pIan design, focusing on the role of labor force aging, as well as anticipated developments in the business environment and anticipated changes in public policy

Risk-sharing Alternatives for Pension Plan Design: An Overview and Case Studies

Pension plan designs range from those that place virtually all of the risk on the plan (and plan sponsor) to those that place all of the risk on the individual covered by the plan. Traditional plans include designs that are at both ends of this spectrum, but there is increasing attention to plans that share risk. This chapter identifies different risks and discusses methods of sharing risk, both traditionally and in recent plan designs. Two case studies illustrate recent developments. We include a discussion of future directions

How Does Retirement Planning Software Handle Postretirement Realities?

Many risks must be managed during the post-retirement period. This chapter explores retirement planning software that provides individuals and advisors the opportunity to perform a range of calculations to help them in retirement planning. We link results from surveys and research by the Society of Actuaries to show how the software handles post-retirement risks. We find that approaches to managing these risks are often not well-integrated

The Luminosity and Energy Dependence of Pulse Phase Lags in the Accretion-Powered Millisecond Pulsar Sax J1808.4-3658

Soft phase lags, in which X-ray pulses in lower energy bands arrive later than pulses in higher energy bands, have been observed in nearly all accretion-powered millisecond pulsars, but their origin remains an open question. In a study of the 2.5 ms accretion-powered pulsar SAX J1808.4–3658, we report that the magnitude of these lags is strongly dependent on the accretion rate. During the brightest stage of the outbursts from this source, the lags increase in magnitude as the accretion rate drops; when the outbursts enter their dimmer flaring-tail stage, the relationship reverses. We evaluate this complex dependence in the context of two theoretical models for the lags, one relying on the scattering of photons by the accretion disk and the other invoking a two-component model for the photon emission. In both cases, the turnover suggests that we are observing the source transitioning into the "propeller" accretion regime.United States. National Aeronautics and Space Administration. RXTE Guest Observer Progra

Drama as a pedagogical tool for practicing death notification-experiences from Swedish medical students

<p>Abstract</p> <p>Background</p> <p>One of the toughest tasks in any profession is the deliverance of death notification. Marathon Death is an exercise conducted during the fourth year of medical school in northern Sweden to prepare students for this responsibility. The exercise is designed to enable students to gain insight into the emotional and formal procedure of delivering death notifications. The exercise is inspired by Augusto Boal's work around Forum Theatre and is analyzed using video playback. The aim of the study was to explore reflections, attitudes and ideas toward training in delivering death notifications among medical students who participate in the Marathon Death exercise based on forum play.</p> <p>Methods</p> <p>After participation in the Marathon Death exercise, students completed semi-structured interviews. The transcribed interviews were analyzed using the principles of qualitative content analysis including a deductive content analysis approach with a structured matrix based on Bloom's taxonomy domains.</p> <p>Results</p> <p>The Marathon Death exercise was perceived as emotionally loaded, realistic and valuable for the future professional role as a physician. The deliverance of a death notification to the next of kin that a loved one has died was perceived as difficult. The exercise conjured emotions such as positive expectations and sheer anxiety. Students perceived participation in the exercise as an important learning experience, discovering that they had the capacity to manage such a difficult situation. The feedback from the video playback of the exercise and the feedback from fellow students and teachers enhanced the learning experience.</p> <p>Conclusions</p> <p>The exercise, Marathon Death, based on forum play with video playback is a useful pedagogical tool that enables students to practice delivering death notification. The ability to practice under realistic conditions contributes to reinforce students in preparation for their future professional role.</p