From the Editor

The second article "An Examination of the Federal Employee Retirement System (FERS) Survivor Annuity Benefit" is coauthored by Kevin Davis at USAF Academy, Steve P. Fraser at Florida Gulf Coast University, and William W. Jennings at USAF Academy. The third article, "A Framework for Analyzing Defined Benefit Pension Insurance: The Survivor Benefit Plan for Veterans," is coauthored by William W. Jennings at United States Air Force Academy, Jeffrey C. Merrell at University of Colorado, Boulder, Thomas C. O'Malley at United States Air Force Academy, and Brian C. Payne at University of Colorado, Colorado Springs. An alternative financial planning approach incorporates private insurance and investments and often bests the SBP, when utilizing actuarially-correct life expectancy, moral hazard, taxes, and individual financial needs.