Description: Sets forth the history of the actuarial responsibilities for the Social Security System since the Act of 1935.

Description: This paper presents the amendments enacted by Congress in 1958 to the Social Security Act. From Transactions of Society of Actuaries 1959, Vol. 11, No. 29 AB.

Description: Using data from the Mexican Social Security Institute for labor risks, this paper classifies the severity of sequels in three categories: mild, moderate and high, and attempts to relate this level with the characteristics of the worker and his activities at work. Toward this goal, a model was built using a multilogistic regression, which allowed predicting the severity of physical sequels caused by a labor risk. From Actuarial Research Clearing House, 2006.

Description: This paper presents an analysis indicating that an asset level of 50 to 105 percent of annual OASDI expenditures generally would be sufficient to cover the effects of adverse economic conditions for about 5 to 10 years. A discussion of this paper is included.

Description: This article contains reviews of the following books published in 1992: 1. 'Broken Promises: The Inside Story of the Failure of Executive Life' by Vic Modugno, 2. 'Within the System: My Half Century in Social Security' by Robert J. Myers, 3. 'Insurance Risk Models' by Harry H. Panjer and Godon E. Willmot, and 4. 'Social Security: What Every Taxypayer Should Know' by A. Haeworth Robertson. Notices of Social Security notes and studies are also included. From Transactions of Society of Actuaries 1992, Vol. 44.

Description: This paper discusses decoupling of social security - meaning that the coupling of actual benefits for those already beneficiaries and potential benefits for future beneficiaries be broken. The purposes are to describe the environment, the problem which decoupling addresses and the importance of a rational solution. The paper discusses the wage-indexing approach and the price-indexing approach. From Transactions of Society of Actuaries 1977, Vol. 29.

Description: This paper examines the significant 1956 amendments to the Social Security Act and the estimated actuarial cost, and also discusses the historical financial experience and legislative revisions under Social Security and Public Assistance. A discussion of the paper is included.

Description: In Canada, there are three main sources of government-provided retirement income: 1. The Canada/Quebec Pension Plan [C/QPP], which have benefits and contributions based on earnings up to the Yearly Maximum Pensionable Earnings, 2. Old Age Security [OAS], which is a fixed amount for most but does include a 'clawback' of benefits for high-income individuals, and 3. The Guaranteed Income Supplement [GIS], which is designed to supplement those with extremely low income. The annual GIS benefit is reduced, or clawed back, by 50 cents for every dollar of annual income the person has in retirement, including C/QPP and income from Registered Retirement Savings Plans [RRSP] and other savings. OAS benefits are not included in determining the GIS clawback. The result of this is that low-income individuals who attempt to enhance their retirement replacement ratio actually see a decrease in government-provided support the more they save for retirement. In fact, savings in an RRSP can effectively be taxed at more than 100% through corresponding reductions in the GIS, social housing, home care, GAINS [Ontario's Guaranteed Annual Income Supplement], and other benefits which are based on one's personal retirement income. This paper explores a basic GIS exemption, a GIS clawback rate of lower than 50%, and various combinations of the two as alternative policies for the GIS. The goal is to improve the fairness of the GIS and reduce the disincentive to save for retirement, without increasing the overall cost of the program significantly.

Description: This paper discusses the reasons why universal coverage of social security is desirable and the methods by which it could be achieved. The paper also covers an alternative approach to solving the financial problems without universal coverage. From Transactions of Society of Actuaries 1979, Vol. 31.

Description: These are discussion papers on the paper, 'The 1952 Amendments to the Social Security Act' by Robert J. Myers.