Description: An excerpt from the 2003 Annual report of the Board of Trustees of the federal Old-Age and Survivors Insurance and Disability Insurance Trust Funds which describes the assumptions and methods underlying the actuarial estimates.

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: Social Security poses a substantial financing challenge for the future, largely due to demographic changes. This article explores the reasons behind this issue and possible changes that will be needed in the future.

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: The staff report on the the Disability Insurance Program. An interesting and informative report reviews the history of the program and presents 10 findings and recommendations.

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 article describes Singapore's Central Provident Fund and how it involves government, employers and employees in a cooperative partnership for mandatory savings and investment to assist with the primary lifetime goals of home ownership, medical care and retirement provision.

Description: This article is the second in a two part series that summarizes a longer paper that can be downloaded from the website of the Social Insurance and Public Finance Section. Both articles take the form of a point-counterpoint dialogue addressing important aspects of social insurance programs. The first part discussed their nature, desirability and advantages, as well as whether they can form a framework to achieve sustainable inter-generational equity. This article focuses on whether pre-funding of a social insurance program can occur and can contribute to the financial security of the participants. Fundamental differences of opinion exist regarding these programs, not only due to different personal and political values, but also as a result of the viewpoint taken (for example, assessment of the program in isolation, consideration of the sponsoring government's financial situation, or the overall national economy).

Description: This is a discussion of the paper, 1954 Amendments to the Social Security Act by Robert J. Myers. From Transactions of Society of Actuaries 1955, Vol. 7, No. 19.