Description: This paper explores how change in societal forces can affect the systems for providing security including private pensions, social security, life insurance and health insurance. The societal forces examined are changes in family, role of women, inflation and the age composition of population. From Transactions of Society of Actuaries 1978, Vol. 30.

Description: This article from the Digest of Informal Discussion, Transactions of Society of Actuaries 1956 Volume 8, Number 20, identifies the participants and summarizes their comments. The discussion topics include proposed legislation to provide disability benefits under OASI, the proposal to lower the OASI retirement age for women from 65 to 62, the advantages and disadvantages of bringing the personnel of the U.S. armed forces under OASI, coverage of state and municipal employees, and developments in Canada.

Description: The paper reviews the demographic shifts, including improved life expectancy and the baby-boom/baby-bust cycle, of the past half-century and discusses their impact on the funding of pay-as-you-go paygo social security systems. From Transactions of Society of Actuaries 1995, Vol. 47.

Description: This is a digest of three separate isues: First, discussion examines social security in the United States and recent developments shaping its future. Second topic, Fourth Pacific Insurance Conference for countries of the Pacific rim and Third, current legislative developments. From Transactions of Society of Actuaries 1969, Vol. 21, Pt. 2. No. 59 AB.

Description: This paper presents an analysis of whether workers get their 'money's worth' from the taxes they pay under the U.S. Social Security program. The cash retirement benefits for various cases of workers who have attained age 65 in different years and at different earnings levels is explored. From Transactions of Society of Actuaries 1983, Vol. 35.

Description: This paper focuses on the Social Security Act. The paper first presents a brief history of the old-age and survivors insurance system and the public assistance program. The provisions of the amended act are compared to the previous version. Actuarial cost estimates underlying the insurance program are given with implications of the financing basis of the program.

Description: This discussion on Social Security examined questions related to the 1950 amendments including the effect on the beneficiary population, issues with including life insurance agents, and the affect on agent pension plans. Also, prospects for a disability program within Social Security, the impact of the proposed Canadian Old Age Pension program, and problems relative to the British Columbia hospitilization plan are discussed.

Description: The question is frequently raised: Do workers get their money's worth from the payroll taxes that they pay under the U.S. Social Security program? Analyses by nonactuaries are usually faulty because of incorrect methodology and/or incorrect assumptions. This paper presents an analysis of cash retirement benefits for various cases of workers at two earnings levels who attained age 65 and retired in the past and who will attain the normal retirement age and retire at several dates in the future. In summary, the vast majority of workers who retired in the past received, and are receiving, benefits of far greater value than the taxes that they paid. This situation will change in the future, especially if tax rates rise to a level sufficient to support the program over the long run. Many workers who retire in the future will not get their money's worth when the combined employer-employee taxes are considered. This result would be expected eventually for a program that is financed almost entirely by these payroll taxes. However, the vast majority of workers will get their money's worth if only the employee tax is considered. From Transactions of Society of Actuaries 1992, Vol. 44.

Description: This paper presents and analyzes data on disability and disability termination rates from group waiver of premium, group disability income, individual loss-of-time business and the OASDI system. The paper also presents the differences in disability termination rates between male and female and the possible causes. From Transactions of Society of Actuaries 1979, Vol. 31.

Description: The social security payroll tax frequently is attacked as being too burdensome for the lower-paid worker. A possible solution to this problem would permit workers to contract out of a portion of their tax in exchange for a reduced benefit at retirement. This system is used in the United Kingdom. This paper explores some of the implications of such a system for the United States. From Transactions of Society of Actuaries 1981, Vol. 33.