Description: Reports the comments of Chris Bone, Chair of the SOA's Retirement Systems Research Committee, on the pension funding changes tucked away in the General Agreement on Tariffs and Trade Congress passed in December.

Description: Discusses the effects of inflation and the impact on business. This article sites several challenges that business will encounter during times of inflation.

Description: Feature article about the different types of retirement systems throughout the world and how watching what they do could help the U.S. retirement system.

Description: This article by the editor discusses responses from readers to The Actuary’s September 1981 Supplement on Universal Life, much of it critical in nature. One responder noted that Universal Life is ‘a symptom of an economy in convulsion,’ and had serious doubts that this product will successfully provided consumers with long term life insurance protection.

Description: Discussion of the Veterans Insurance Act of 1974

Description: Article discusses strategies to reduce book value fluctuations due to adoption of FAS 115 and their drawbacks.

Description: Discusses changes made to the Canadian pension system over time, recent actions and actuaries' role in this.

Description: A review of the Flesch formula for measuring the readability of insurance policies

Description: This article describes some implications of increasing government intervention in the industry, such as the potential to eliminate the industry's ability to classify risk due to anti-discrimination laws and pressure to expand social 'insurance' programs

Description: This article on recent developments in insurance regulation, is a discussion of the new Model Nonforfeiture and Valuation Laws the continuation of an article from the November, 1981 issue of The Actuary, and to be continued in next month’s issue. It covers topics including mortality assumptions and the new 1980 CSO Mortality Tables, maximum valuation interest rates, and maximum nonforfeiture interest rates.