Description: This article describes a ranking system for early prisoner release. It is intended to describe the framework and strategy needed for mitigating the risk of such programs and optimizing those programs’ outcomes.

Description: This is a book review of 'Development of Life Insurance Surrender Values in the United States' by J. David Cummins. The book's ultimate objective is described as 'a historical analysis of the evolution of the concepts and practices which culminated in the present surrender value legislation.' The treatment is chronological and covers the century 1850-1950.

Description: After 3 1/2 years of work, a Committee to Review the Functioning of Financial Institutions, chaired by former Prime Minister Sir Harold Wilson, published its Report in June. Two F.I.A.‘s were prominent in its work: Mr. Cordon V. Bayley, a past president of the Institute, was one of the 18-member committee; Mr. Peter G. Moore, a past Institute vice-president, was a committee consultant, specially for its study of pension fund. An article on the Report is planned for our next issue.

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 is an appraisal of changes from a previous edition of the book, Actuarial Phases of Marketing Operations-Individual Life and Health, by the Society of Actuaries and LIMRA.

Description: This article is an interview with Linda Emory in which she reflects on a few aspects of her new position as editor of The Actuary.

Description: The Actuary Vol. 22, No. 6. The author provides commentary regarding an interview with Paul Barnhart reported on in The Actuary March 1988 concerning the controversy over health insurance reserves. Specifically the elements of the “Benefit Ratio Reserve” method were analyzed.

Description: Discusses how to understand your management style using the Myers Briggs method and how to use this information.

Description: This article discusses the relative merits of investing some Social Security assets in common stocks either by 1. Adjusting the retirement benefits and taxes, and investing part of the Social Security trust funds in the stock market [the 'defined benefit,' or DB, method], or 2. Reduce the basic retirement benefits further, and have workers invest part of their future contributions in individual accounts [the 'defined contributions,' or DC, method].

Description: Full version of The Actuary Newsletter Volume 8, Number 10 - December 1974