Description: This paper presents mortality rates by sex at ages 90 and above for persons who received retired worker benefits from the social security program for the first month that such benefits were paid. Followed by a discussion paper

Description: On May 16th, the Social Security Boards of Trustees sent to the Congress the three annual reports OASDI, HI, and SMI. These reports present cost projections similar to those provided to the Congress last year at the time of enactment of the 1977 Amendments.

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: In this paper the authors discuss the official decennial Unites States Life Tables for 1979-81, presenting age-specific mortality rates and expectations of life. Mortality trends are examined going back to the first decennial tables published at the beginning of the century, and brief comparisons with mortality in other industrialized countries are made. The paper includes written discussion. From the 1985 Transactions Vol. 37.

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: 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: In this article the author cautions against the temptation to extend stochastic modeling into areas of unpredictable parameters and probabilities. He challenges actuaries to rely on their own judgment.

Description: This paper briefly outlines the methodology involved in the preparation of the national life tables for 1959-61. Then an analysis is made of past mortality trends and current mortality differentials by age, sex, and race.

Description: This is a brief summary of a Brooking Institution study entitled 'The Payroll Tax for Social Security. The study argues that the payroll tax should be eliminated as a source of financing of Social Security on the grounds that it is regressive and is especially burdensome to the poor.

Description: In this year’s Trustees’ Reports, recently submitted to the Congress, most attention focuses on the cash benefits program which is projected to have an actuarial deficit of about 3% of taxable payroll, over the 75-year valuation period.