Description: This paper describes the actuarial valuation method for pension plans, the formulas and assumptions used, and the way these assumptions might be chosen. A case study is presented. Followed by several discussion papers submitted

Description: This article contains reviews of the following books: 1. 'Fundamental Mathematics of Life Insurance' by Floyd S. Harper and Lewis C. Workman, 2. 'Mathematics of Compound Interest' by Marjorie V. Butcher and Cecil J. Nesbitt, 3.'Compound Interest and Annuities-Certain' by D. W. A. Donald, 4. 'Demography' by P. R. Cox, 5. 'The Spirit and the Uses of the Mathematical Sciences' edited by Thomas L. Saaty and F. Joachim Weyl, 6. 'Ethics, Morality, and Insurance' by John D. Long, 7. Reports of the 1971 Advisory Council on Social Security, 8. 'Medical Care at Public Expense' by Mark V. Pauly 9. 'Eleventh Actuarial Valuation of the Assets and Liabilities under the Railroad Retirement Acts as of December 31, 1968, with Technical Supplement' by the Railroad Retirement Board, 10. 'Nouvelles tables-types de mortalité' by Sully Ledermann, 11. 'A Table of Expected Working Life for Men, 1968' by Howard W. Fullerton, 12. 'Disability-Determination and Evaluation' by Henry H. Kessler, 13. 'Industrial Safety Statistics: A Re-examination' by Jerome B. Gordon, Allan Akman, and Michael L. Brooks, 14. 'Pensions and Severance Pay for Displaced Defense Workers' by Hugh Folk and PauI Hartman, 15. 'Trends and Variations in Fertility in the United States' by Clyde V. Kiser, Wilson H. Grabill, and Arthur A. Campbell, 16. 'Benefit Plans in Junior Colleges' by Francis P. King, 17. 'The Consumer's Guide to Insurance Buying' by Vladimir P. Chernik, and 18. 'Private Pension Scheme Finance' by Sylvia and Leslie Tutt. Notices of other studies and articles are also included. From Transactions of Society of Actuaries 1971, Vol. 23, Pt. 1, No. 67.

Description: This is a discussion about employee benefit plans: -Group Life - What has been the effect of the new law taxing employer contributions in excess of $50K? What special underwriting problems have occurred, what underwriting techniques used, what has the mortality experience been? -Group Health - What are special considerations where premium rates are guaranteed for greater than one year? Are any additional reserves established? What are the current developments in Group dental? Have any experience studies been made? What is the potential market for group dental? -Group Annuities - What volume of business has been written on separate accounts or segregated funds? What problems have arisen in administering this type of plan? -Miscellaneous- What has been the experience on high limit accidental death and dismemberment benefits? In pension plans has there been an increase in joint and survivorship options? Has there been an increase in disability benefits under retirement plans? To what extent is the new money concept being adopted in fields other than group annuities? What is the current outlook with regard to reducing or eliminating the difference in taxes imposed on insured employee benefit plans vs self-insured plans? From Transactions of Society of Actuaries 1964, Vol. 16 Pt. 2

Description: This is a discussion about underwriting and claims experience for long-term diability benefits. Topics include offsets, impact of economy and reserves. From Transactions of Society of Actuaries 1965, Vol. 17 Pt. 2, No. 47 AB