Contents ■ SEP | OCT ■ 2011
Features
COVER PHOTO: SHUTTERSTOCK
18
The Future of Public Pension Plans
We asked three pension actuaries to reflect
on public-sector plans, considered by many
to be the last best hope for reviving defined
benefit pensions in this country. Here's
what they said.
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28 The Growth of Takaful The evolution of a system of insurance that adheres to the teachings of Islam reflects the
expansion of financial opportunities in the
Muslim world.
By Claude Penland
36 System Dynamics—Building a Better Mode Measure twice, cut once applies to more than carpentry. Creating a scientific model that simulates a variety of possible scenarios is an excellent way to test a business or policy
decision before it's set in place. By Carlos Sanchez-Fuentes
44 A Rock and a Hard Place Negotiating Mortality and Retirement Age People from lower socioeconomic groups tend to die sooner than their wealthier counterparts. Is there a way to ensure that hey aren't doubly disadvantaged when it comes to receiving retirement benefits? By Geoff Rashbrooke
