Description: On October 16, 1974, the Congress overrode the Presidential veto of H.R. 15301 The Railroad Retirement Act of 1974, a bill to restructure the railroad retirement system which was based on proposals made jointly by railroad management and labor. H.R. 15301 now P.L. 93-445 embodies some far reaching changes which are mainly directed toward relieving the difficult financial situation of the railroad retirement system.

Description: In this paper the authors discuss the official decennial Unites States Life Tables for 1979-81, presenting age-specific mortality rates and expectations of life. Mortality trends are examined going back to the first decennial tables published at the beginning of the century, and brief comparisons with mortality in other industrialized countries are made. The paper includes written discussion. From the 1985 Transactions Vol. 37.

Description: This discussion shares a few observations about the recent developments in the Social Security Disability Insurance program including recent trends in the incidence and termination rates, recent legislative proposals, individual product ideas and changes. From Record of the Society of Actuaries 1978, Volume 4, No. 4.

Description: In this year’s Trustees’ Reports, recently submitted to the Congress, most attention focuses on the cash benefits program which is projected to have an actuarial deficit of about 3% of taxable payroll, over the 75-year valuation period.

Description: This panel discussion session focuses on the national commission on social security reform. Topics included: 1. Current financial status of the OASDI and HI programs short range and long range? 2. Options for solving the financing problems. 3. Goals of the NCSSR in solving these problems and recommendations determined to date. 4. General public understanding of the issues?

Description: This paper briefly outlines the methodology involved in the preparation of the national life tables for 1959-61. Then an analysis is made of past mortality trends and current mortality differentials by age, sex, and race.

Description: This paper examines the effects of selection procedures used in epidemiologic studies and suggests that similar procedures could be employed to select standard ordinary insurance risks at the older ages. The experience in this paper was developed from a prospective epidemiologic investigation launched by the American Cancer Society in the fall of 1959 to learn how personal characteristics, living styles, and environmental conditions influence health and longevity.

Description: This paper presents a procedure for analyzing the factors that affect federal Old Age, Survivors, and Disability Insurance costs in the U.S. This procedure shows that the tripling of the program costs during the last 30 years resulted from increases in the number of beneficiaries as opposed to increases in the number of covered workers. From Transactions of Society of Actuaries 1986, Vol. 38.

Description: Distinguished panelists discuss the historical development of long-range 'close actuarial balance' of OASDI, its purposes and how well it is fulfilling its purposes, whether similar measures should be applied to the Hospital Insurance [HI] and Supplementary Medical Insurance [SMI] programs, and possible alternative measures. From the 1988 Record of Society of Actuaries, Vol. 14, No. 1.

Description: This paper discusses the cause of the long-term financial problem of the Old-Age, Survivors, and Disability Insurance OASDI program, outlines an alternative actuarial financing approach for OASDI as a solution to this problem, and details the advantages of this approach over the current financing method. Followed by several discussion papers submitted