Description: A discussion of the changes to the method of grading omitted and erroneous answers on some of the multiple choice Society of Actuaries exams and a discussion as to the equivalence of the methods in determining passing candidates

Description: This article describes the mortality tables that the Board of Governors of the Society of Actuaries is recommending to the NAIC as successors to the 1958 CSO Table

Description: Discusses the relationship between true surplus and valuation surplus upon termination of a policy, using formulas.

Description: Article that discusses the structure of and concern for using social security numbers as a means of identification.

Description: Report on the topics and speakers at the Actuarial Research Conference and Social Security Benefits, held August 31 through September 2, 1978.

Description: This article summarizes the speech by Lloyd A. Woolridge on pension vs. profit sharing, insured vs. uninsured and individual vs. group in regards to retirement income plans.

Description: Review of Fifty-Second Annual Report of the Board of Actuaries of the Civil Service Retirement System. The authors found it to be a concise well written report discussing a number of issues facing all pensions in an inflationary economy. Both the title and the dull format in the usual Government Printing Office style would seem to insure this document's instantaneous consignment to dead storage. However, behind the cover of this small pamphlet is a concise, well written report discussing-a-number of the issues facing not only federal pension programs at the present time, but all pensions in an inflationary economy. For example, several of the 11 pages devoted to the main report discuss the implications of static assumptions ignoring inflation as opposed to dynamic assumptions including inflation.

Description: Discusses the drawbacks of using adjusted book value instead of market value for the valuation of common stocks in a non-insured pension plan.

Description: This article explains the replacement of the TSA with the North American Actuarial Journal. It gives a chart showing the differences between the two journals and also names the editorial board of the NAAJ.

Description: This article announces the awarding of fellowship credits to Gary Parker for the article he wrote, entitled “Stochastic Analysis of the Interaction Between Investment and Insurance Risks,” and provides a brief synopsis of the paper.