Description: If the United States is to have a successful Social Security and Medicare system long term, one that blends needs with financial capacity, it is necessary to protect the actuarial process from being overwhelmed by the political process. While some assistance is provided already under existing law, additional protection would enhance public confidence in the estimates made by government actuaries.

Description: This is a discussion of 'The Generalized Family of Aggregate Actuarial Cost Methods for Pension Funding' by John R. Taylor. From Transactions of Society of Actuaries 1967, Vol. 19, Pt. 1, No. 54.

Description: Portability of pension benefits allows an employee to maintain pension benefits as he leaves one company and joins another. Advocates of portability point approvingly to the way Social Security - a portable pension plan - handles employee mobility. In their view, the private pension system would be fairer to participants and close a gap in pension coverage if it had more portability.

Description: Presents concerns regarding assumptions for inflation.

Description: It is the purpose of this paper to demonstrate how deposit and experience funds, in theory, develop and enter a dividend formula. Discussions of this paper are included.

Description: This paper presents recursion formulas in relation to FAS 87, Employers Accounting for Pensions. From Transactions of Society of Actuaries 1987, Vol. 39.

Description: Book Review Pension Fund Excellence—Creating Value for Stakeholders by K.P. Ambachtsteere & D.D. Ezra Reviewed by Barnet N. Berin from Pension Section News, November 1998, Issue No. 38.

Description: The authors of this paper chose to consider a coterminous endowment insurance where the cash value is equal to the net level reserve. They wish to determine the relationship between the rate of increase in the cash value and the rate of increase in the amount of paid-up insurance purchased by the cash value. From Transactions of Society of Actuaries 1958, Vol. 10, No. 28.

Description: This is the Presidential Address at the SOA annual meeting of October 1995. He highlights initiatives undertaken over the past two years to move the SOA from an inward-looking to an outward-looking organization.

Description: This article explores how differing sets of seemingly reasonable assumptions can provide materially different results in a pension valuation.