Description: Summary of discussions from various panelists on the topic of Social Security. They looked at recent developments with respect to general legislation expanding coverage, discussion of the Constitutional issues with respect to Social Security, developing experience of the new Canadian old-age pension plan, inadequacy of the funding levels relative to promised benefits for both the Canadian old-age plan and US Social Security.

Description: This session discussion will review rulings, regulations and announcements which have been issued in the last year. This is intended to be an overview and not a detailed analysis. Focus is on pension plans.

Description: This presentation, session number 80PD, took place at the 1999 Spring Meeting of the Society of Actuaries, held June 16-18 in Seattle. The panelists discuss the far-reaching, and not fully understood, proposals for fundamentally changing Social Security, including proposals from Congress, private individuals and groups, and by members of the recent Advisory Council on Social Security. They include “privatizing” Social Security, partially or fully, and changing the investment policy to allow trust fund investments in private securities. Discussion from participants is included. From the Record of the Society of Actuaries, Vol. 25, No. 2.

Description: Presented at October 1996 Annual Meeting. This session discusses recent regulatory and economic developments in Mexico, including but not limited to the devaluation of the peso, an update on NAFTA, the changing market conditions, and an update in privatization of the social security scheme.

Description: A pension plan uses Actuarial Equivalence to determine a 'fair' adjustment to pension benefits for form and timing of payment. The definition of Actuarial Equivalence is set in the Plan Document which may not have been reviewed for decades. With a wave of recent pension litigation in the U.S., plan sponsors, attorneys and actuaries now pay more attention to how pension plans define Actuarial Equivalence. How does a change in mortality table or interest rate affect the ultimate benefit? What are the requirements under ERISA and pertinent regulations? Are there court cases that have examined this question before? What are the issues behind the recent lawsuits and what can a plan sponsor do now to reduce their legal exposure? What alternative strategies are available for changing or not changing the definition in the plan document?

Description: Presented at October 1996 Annual Meeting. This session deals with the range of loan guarantee programs, program design, pricing and costing of benefits, classification of risks and underwriting, available experience, experience studies and claims management, and actuarial models.

Description: Panelists discuss current and future developments in health insurance on the Internet and the Health Insurance Portability and Accountability Act from the perspective of providers, insurers, employers and customers. From the Record of the Society of Actuaries, Volume 28, No. 2, Session 131

Description: This 1981 session focused on the relative roles of regulation and the actuary in three countries - the United Kingdom, the United States and Canada. It looked at valuation and solvency, contracts, rate control and disclosure. From Record of Society of Actuaries, Vol. 7, No. 3.

Description: The panel will present a discussion by several experts on reform activity at the state level, including a review of some initial results. From the Record of the Society of Actuaries, Vol. 21, No. 4a.

Description: At this session of the SOA 2003 Washington, DC Spring Meeting, the current and past presidents of the NAIC relate various activities of the organization including the areas of consumer protection, insurer regulation and speed to market. Interstate Compact as a method for dealing with variations across states in regulation is discussed.