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: 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: An analysis of population mortality at the older ages in the United States. The analysis is based principally on data obtained for calendar years 1968-69 in the operations of the Medicare program. In addition, the author develops mortality rates by single ages at the very high ages 85 and over, using the extinct cohort method based on deaths recorded through the vital statistics system in calendar years 1951-68.

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

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: Presented at Annual Meeting October 1986. Discusses: Reasonableness of cost projections in the 1986 OASDI Trustees Report, Possible policy alternatives in response to the higher cost projected for years after 2020, How to reduce the variability in cost trends due to economic and demographic changes, Financing implications of differences and similarities in cost trends between Social Security pensions and private pensions, paper, 'Components of Trends in Social Security Costs' by Francisco R. Bayo, Milton P. Glanz and Charles L. Trowbridge.

Description: This section provides multiple book reviews and summaries of recent publications. Topics include aging, retirement and pension plans, investing, demography, mergers and acquisitions, variable annuities and other insurance and mathmatical subjects. From Transactions of Society of Actuaries 1972, Vol. 24, Pt. 1, No. 70.

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 an analysis of the mortality of old-age beneficiaries retired workers aged 65 or over and covers the period 1941-61, based on administrative actions taken through 1962. From Transactions of Society of Actuaries 1965, Vol. 17, Pt. 1, No. 49.

Description: This article discusses the Social Security changes that were passed by Congress on June 30, 1973, as a rider to H.R. 7445 [a Bill extending the Renegotiation Act] and were signed into law [P.L. 93-66] by President Nixon on July 9, 1973.