Description: This article highlights the nonroutine actions taken by the Board of Governors on January 21, 1988, in Chicago, Illinois.

Description: This article discusses the highlights of the 11th Conference of the International Association of Consulting Actuaries conference held in Munich, Germany on July 3-8, 1988.

Description: This article provides a formulaic method of comparing unit reserves on different valuation bases. This enables a duration-by-duration comparison of the components of the calculation on two different valuation bases. This can be done ignoring taxes or assuming taxes are recognized in calculating the expected return on capital in pricing.

Description: Retirement benefits have become a seamless worldwide web. Thus actuaries who go to war in the international arena are painfully aware of the impact of U.S. technology on the battlefield. The debut of that awesome awful weapon, ERISA, and all its derivatives has persuaded many countries to adopt counterparts.

Description: How does the founding in 1889 of North America's first actuarial organization fit into world actuarial history? This article gives a partial listing of non-North American actuarial organizations and their founding dates.

Description: Vancouver actuary Bob Blake recently parlayed his knack for remembering odd facts into record breaking winnings of $82,501 on Jeopardy, television's most cerebral game show.

Description: In June, when champagne corks pop in celebration of the centennial of the actuarial profession, there will be something else to celebrate: the launch of the profession’s sparkling four-color magazine, Contingencies.

Description: I read with interest the article by Sheri Lynn Levine in the November 1988 issue of The Fibonacci Quarterly on ‘Suppose More Rabbits Are Born.’ Levine,like Fibonacci, assumes that rabbits never die and made additional assumptions regarding rates of reproduction.

Description: In 1986, the Society of Actuaries identified a number of external trends that could have a substantial impact on future retirement patterns. An analysis of demographic trends clearly indicated that more people would be reaching older ages and that they would live longer.

Description: When I first became a member of the Society of Actuaries. I used to enjoy hearing, or reading the Secretary’s summary of the “nonroutine” business transacted by the Board. In those days I wondered how one determined what was “routine” and what was “nonroutine.” Somehow even the “nonroutine” often seemed pretty “routine!” with the benefit of a few years in the profession.