Description: This session from the 1995 SOA Boston Meeting presents different governmental approaches to providing financial security and health benefits for retirees, the problems associated with aging populations and the reduction in resources available to meet their needs. From the Record of the Society of Actuaries, Vol. 21, No. 4a.

Description: The author notes that “there is reason to expect 1981 to be the biggest year for Social Security legislation since 1977, perhaps even since 1972. The author further notes that the Congress will be forced to act to bring the system into financial balance. The article discusses some of the actions apt to be considered for legislative action including inter-fund borrowing, general fund borrowing, general revenue financing, changes in retirement age, changes in indexing, move towards universal coverage, and others.

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: This paper explores and develops some initial ideas of roll-forward reserve funding of Social Security. It reports on the work of actuarial students and teachers for an 8-week study period coordinated with the National Science Foundation program of Research Experience for Undergraduate grants. From Actuarial Research Clearing House 1994, VOL. 1.

Description: This session from the 1983 SOA Vancouver Meeting discusses the current developments in Social Security including the Social Security Amendments of 1983, Social Security Reform, taxation changes, maintaining an adequate trust fund ratio and the economic assumptions. From Record of Society of Actuaries, Vol. 9, No. 3.

Description: This excerpt is taken from Section V., Assumptions and Methods Underlying Actuarial Estimates, in the 2004 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Disability Insurance Trust Funds. From Pension Section News, September 2004, Issue No. 56.

Description: This paper attempts to gather information regarding various components of the Canadian retirement income system, and to quantify the impact on the system of unanticipated morality improvements, particularly at age 65 and over, and of lower than expected equity returns. From 2005 Living to 100 and Beyond Monograph, M-LI05-1.

Description: This paper discusses social insurance supplement - SIS insurance which is a disability income policy rider that pays an additional benefit on disability if the insured is not receiving benefits from a social program. It provides one possible framework for the actuarial structure of the product. From Transactions of Society of Actuaries 1979, Vol. 31.

Description: This discussion from the 1983 SOA Vancouver Meeting looks at recent developments in pensions for the United States including TEFRA and Section 415 limits on defined benefit and defined contribution plans, the taxation of social security benefits, and FASB views on pension assets and liabilities. From Record of Society of Actuaries, Vol. 9, No. 3.

Description: This paper reviews and compares the Canadian and U.S. Social Security systems as to their adequacy, actuarial equity and progressiveness. It concludes that the Canadian system[s] provide larger minimum benefits and, thus, greater adequacy than the U. S. On the other hand, the analysis indicates more emphasis on actuarial equity in the U.S. system [in total] than in Canada. Finally, both systems are shown to be highly progressive in that lower-wage earners get larger benefits per dollar of contribution than do higher wage earners. The paper concludes by noting that while the systems in these two countries have remarkably different actuarial formulae for determining benefits, and remarkably different structures, that the benefits that result from the two systems are surprisingly similar. From Actuarial Research Clearing House 1999, Vol. 1.