Fundamentals of Private Pensions

The most authoritative reference on private pensions in the world, now in its ninth edition, has been updated to include recent developments in the field such as the Pension Protection Act of 2006

Dan M. McGill is Professor Emeritus of Insurance at the University of Pennsylvania's Wharton School, during which time he chaired the Department of Insurance, directed the Pension Research Council, and directed the Huebner Foundation. Previously, he held academic positions at the University of Tennessee, University of North Carolina, and Stanford University. Dr. McGill's research focused on the areas of insurance, pensions, employee benefits, automobile insurance, and social security. He served on several corporate boards, and as consultant to the International Monetary Fund and the World Bank, the US Treasury, the Federal Reserve System, the US Army, and the US Congress. Dr. McGill received the PhD from the University of Pennsylvania and the MA from Vanderbilt.

Kyle N. Brown is an attorneywith the Towers Watson Worldwide Research and Innovation Center in Arlington, VA specializing in employee benefits where he works in the Research and Innovation Center. He is a member of the North Carolina and District of Columbia Bar and is admitted to the United States Supreme Court and Tax Court Bar. Mr. Brown is a co-author of the 7th and 8th editions of Fundamentals of Private Pensions. Mr. Brown also wrote the Tax Management Portfolios General Nondiscrimination Testing and Permitted Disparity in Qualified Plans, and Specialized Qualified Plans - Cash Balance, Target Benefit, Age-weighted and Hybrids, and co-authored the Tax Management Portfolio Employee Benefits for Tax-Exempt Organizations. In addition to numerous periodical articles, Mr. Brown currently is an Editorial Advisor for the Journal of Pension Planning and Compliance and the BNA Compensation and Benefits Guide.

John J. Haley is President, Chief Executive Officer and Chairman of the Board of Towers Watson Worldwide, a global human resources and financial management consulting firm headquartered in Washington, D.C. Mr. Haley started career as consulting actuary to several of Towers Watson's largest clients; subsequently he was named to the Board of Directors and became CEO of the firm. Mr. Haley is a Fellow of the Society of Actuaries and a Fellow of the Conference of Consulting Actuaries. He is a Trustee of The Actuarial Foundation. He holds an A.B. in mathematics from Rutgers College, and received a Fellowship for two years of study at the Graduate School of Mathematics at Yale University. Mr. Haley also serves on the Board of Directors of the U.S.-China Business Council, MAXIMUS and Hudson Highland.

Sylvester J Schieber, a private consultant, has been a member of the US Social Security Advisory Board and became Chairman in 2006; he served previously on the Social Security Advisory Council. For more than 20 years he worked in Towers Watson Worldwide's benefit practice where he set up and managed Towers Watson's Research and Information Center; thereafter he served as Director of North American Benefits Consulting and Towers Watson's Board of Directors and retired in September 2006. Previously he was the first research director at the Employee Benefits Research Institute in Washington, DC and worked at the Social Security Administration where he was deputy director of the Office of Policy Analysis. He holds a Ph.D. in Economics from the University of Notre Dame. Dr. Schieber has authored or edited 10 books on changing demographics, retirement security, and health issues, and he has also written numerous journal articles and policy analysis papers on retirement and health benefits issues.

Mark J. Warshawsky is Director of Retirement Research at Towers Watson Worldwide, a global human capital consulting firm. He serves on the Social Security Advisory Board and on the Advisory Board of the Pension Research Council of the Wharton School. Previously he served as assistant secretary for economic policy at the U.S. Treasury Department. During his tenure, he played a key role in the development of the Administration's pension reform proposals, particularly pertaining to the funding of single-employer defined benefit plans which formed the basis of the Pension Protection Act (PPA) of 2006. Dr. Warshawsky's research led directly to the regulatory reform of minimum distribution requirements for qualified retirement plans. He is the inventor of the life care annuity, a product innovation integrating the immediate life annuity and long-term care insurance; for that research, Dr. Warshawsky won a prize from the British Institute of Actuaries.