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: Presented at Annual Meeting October 1986. Discusses: Reasonableness of cost projections in the 1986 OASDI Trustees Report, Possible policy alternatives in response to the higher cost projected for years after 2020, How to reduce the variability in cost trends due to economic and demographic changes, Financing implications of differences and similarities in cost trends between Social Security pensions and private pensions, paper, 'Components of Trends in Social Security Costs' by Francisco R. Bayo, Milton P. Glanz and Charles L. Trowbridge.

Description: A discussion of the similarities and differences in social security benefit design, indexation, and financing in Canada, the United States and other countries.

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 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: This article discusses the Social Security changes that were passed by Congress on June 30, 1973, as a rider to H.R. 7445 [a Bill extending the Renegotiation Act] and were signed into law [P.L. 93-66] by President Nixon on July 9, 1973.

Description: This discussion shares a few observations about the recent developments in the Social Security Disability Insurance program including recent trends in the incidence and termination rates, recent legislative proposals, individual product ideas and changes. From Record of the Society of Actuaries 1978, Volume 4, No. 4.

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.

Description: This article summarizes the Social Security changes that were signed into law P.L. 93-233 on Dec. 31, 1973. These changes were principally intended to advance the payment of part of the automatic benefit increase that would have been payable according to the provisions enacted in 1972.