Description: Discussion of the issues the PBGC was focusing on at the time including modeling issues, losses incurred and expected and changes in legislation desired by the PBGC to manage losses going forward.

Description: This material from the 1981 SOA Fall Meeting is a collection of impromptu questions and comments from an Open Forum session on policy loans. The purpose of this session is to discuss the policy loan rates, equity between borrowers and non-borrowers, and equity among groups of policy-owners having different contractual loan rates. The variable loan rate proposal and direct recognition are also covered. From Record of the Society of Actuaries 1981, Volume 7, No. 4.