Announcement: SOA congratulates the new ASAs and CERAs for May 2024.

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  • 1954 Amendments to the Social Security Act
    and 1954, with immediate results as shown by Table 1. Average monthly benefits increased substantially ... increased from about $1.7 billion in 1949 and 82.7 TABLE 1 SELECTED DATA ON MONTHLY BENEFITS UNDER OAS1 ...

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    • Authors: Robert J Myers
    • Date: Mar 1955
    • Competency: External Forces & Industry Knowledge
    • Publication Name: Transactions of the SOA
    • Topics: Social Insurance>Social Security
  • OASDI Earnings Test
    earned over a period of time ordinarily prove that individual is no longer disabled. An important point ... determine the ultimate benefit, but there are no individual accounts that accumulate taxes paid. Opponents ...

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    • Authors: James L Cowen, Ralph E Edwards, Thomas J Hummel, Warren Luckner, Robert J Myers
    • Date: Oct 1982
    • Competency: External Forces & Industry Knowledge; Professional Values>Practice expertise
    • Publication Name: Transactions of the SOA
    • Topics: Social Insurance>Social Security
  • Social Security
    modification of the rates used in the fourth valuation of the Railroad Retirement System were very low ... dignity of the individual and avoid the penalty now suffered by the thrifty individual who is ineligible ...

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    • Authors: Society of Actuaries
    • Date: Apr 1956
    • Competency: External Forces & Industry Knowledge
    • Publication Name: Transactions of the SOA
    • Topics: Social Insurance>Social Security