Description: This session looked at techniques suitable, practical or useful in recognizing future improvement in mortality, the projected mortality vs. Actuary's Opinion and should valuation mortality tables be updated frequently.

Description: Evaluation of the excess mortality element of the Group Conversion charge. Followed by several discussion papers submitted

Description: This section of book reviews covers topics of pension mathematics, cost of hospital care, variable life insurance, probability theory and early retirement programs. Also included in this article is information from U.S. National Center for Health Statistics. From Transactions of Society of Actuaries 1972, Vol. 24, Pt. 1, No. 68.

Description: This panel has an open discussion on whether pension plans are meeting anyone's needs. They specifically discuss what the needs are, who needs coverage, how much coverage is needed, when do these needs begin, who should decide what the needs are and who should provide for the needs.

Description: This article contains reviews of the following books: 1. 'The Analysis of Mortality and Other Actuarial Statistics' by B. Benjamin and H. W. Haycocks, 2. 'Life Insurance, Annuities & Pensions' by A. Pedoe, 3. 'Vesting and Termination Provisions in Private Pension Plans' by Carl H. Fischer, 4. 'Decision Analysis: Introductory Lectures on Choices under Uncertainty' by Howard Raiffa, 5. 'Mathematical Methods in Risk Theory' by Hans Buhlmann, 6. 'Early Retirement Benefits-Panacea, Purgatory or Palliative' by Harry E. Blagden, 7 'Early Retirement: A Survey of Company Policies and Retirees' Experiences' by Mark R. Greene, H. Charles Pyron, U. Vincent Manion, and Howard' Winklevoss, 8. 'Guaranty Fund for Private Pension Obligations' by Dan M. McGill, and 9. 'The Automobile Worker and Retirement: A Second Look' by Richard E. Barfield. Notices of other articles and studies are also included. From Transactions of Society of Actuaries 1971, Vol. 23, Pt. 1, No. 65.

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: The question of sex discrimination in employee pension plans in life insurance programs is only part of the more general issue of risk classification. Challenges to the old ways of classifying risks are not limited to pensions or to life insurance. It also impacts auto insurance, health insurance, and all other areas. However, for this discussion we will concentrate on sex discrimination in pension and retirement plans. From Record of the Society of Actuaries 1979, Volume 5, No. 1.

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 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: The objective of this paper is to analyze the nature of the probability density function of rates of return on common stocks, to develop a simulation model for evaluating the net risk premium for an asset value guarantee at the end of a specified investment period under an equity-based product and to analyze the sensitivity of the net risk premium to changes in several underlying parameters. From Transactions of Society of Actuaries 1969, Vol. 21, Pt. 1, No. 61.