Description: This paper traces the background of the surgeon general's 1979 report on smoking, highlights its principle conclusions with respect to mortality, and summarizes its findings regarding socioeconomic and demographic differences between smokers and nonsmokers. From Transactions of Society of Actuaries 1980, Vol. 32.

Description: This paper describes the application of source of earnings 'SOE' analysis methodology to the reported pre-tax GAAP income of universal life and other interest-sensitive life and annuity products.

Description: This section contains the business meeting minutes from four regional meetings held in 1976.

Description: This is a discussion of the paper, A Present Value Approach to Profit Margins and Dividends by Harwood Rosser. From Transactions of Society of Actuaries 1951, Vol. 3, No. 7.

Description: In March this year a charter for the new corporation, the College Retirement Equities Fund, was granted by the State of New York and it is expected that within a few months the Fund will begin operations as a supplement to TIAA annuities. The purpose of this paper is to describe this rather novel type of corporation, which presents some unusual and interesting actuarial problems. Comparisons of the performance of fixed annuities vs. variable annuities are provided.

Description: The subject of this paper is the question: What is the added cost to permit unrestricted election of optional forms of retirement income? From Transactions of Society of Actuaries 1961, Vol. 13, No. 36 AB.

Description: In this paper two theorems concerning the optimality of the perfect-fit and perfect-smoothness graduations are proved. Two examples are presented and some difficulties with regard to computational feasibility are reviewed. A discussion of the paper follows. From Transactions of Society of Actuaries 1978, Vol. 30.

Description: This paper investigates how the concepts of asset-liability matching can be used to shape investment strategy. From Transactions of Society of Actuaries 1980, Vol. 32.

Description: The purposes of this paper were to help determine the level of adequacy of the 1964 Commissioners Disability Table as a basis for reserving disabled lives, and to provide individual insurers with information that might aid them in their deliberations concerning reserve adequacy and reserve table modifications. From Transactions of Society of Actuaries 1980, Vol. 32.

Description: Covers the experience between policy anniversaries in 1973 - 1978 in the first twenty-five policy years after issue i.e., 1949 - 1977. For issues of 1974 and later the classification 'large amount' refers to policies of $100,000 or more prior to 1974 the classification includes policies of $50,000 or more.