Description: Replacement ratios first gained wide prominence in the United States when the Interim Report of the President's Commission on Pension Policy was published in 1980. The replacement ratios from that report were widely used as a guideline in the design of retirement programs.

Description: Article highlights how to set goals

Description: The author talks about how his company coped with the great flood of 1993 in Des Moines, Iowa.

Description: Many actuaries are aware of newspaper reports that the City of Sacramento has been involved in a controversy about its retirement system because of an apparent conflict in the recommendations of two actuarial firms. This article outlines the status and the actions being taken by the SOA and the AAA.

Description: The author suggests that the optimal use of capital requires one to find a way to strike a balance between the conflicting desires for maximizing long term profit and minimizing short term loss.

Description: This article notes how actuarial opportunities are growing both here and abroad, and encourages actuaries to take advantage of growth opportunities.

Description: The Society of Actuaries established the Board of Publications which proudly announces the birth of the Record. This publication will contain all presentations and discussions at Concurrent Sessions during meetings plus transcripts of some addresses, lectures, and teaching sessions.

Description: This is an article about the education provided for actuaries highlighting a paper presented to the Institute in London in January 1982 by W. W. Truckle, F.I.A., Director of that body's Actuarial Tuition Service. Written to provide a framework for oral and written discussion, it features questions rather than opinions.

Description: This article is about the Students' Society of the Institute of Actuaries and the role it has played for students of actuarial science. During its 71 years it has contributed substantially to actuarial life.

Description: Enterprise risk management (ERM) needs to be seen in perspective of other management priorities and is not first in the hierarchy of corporate needs.