Description: This paper consists of two parts. The first concerns the financing of public systems, the second is a challenging introduction to variances encountered in life insurance and life annuity theory. The first part emerges from work by some actuarial students and faculty at the University of Michigan during the past five years. The second part was stimulated by some developments in the preparation of the second edition of Actuarial Mathematics.

Description: The social security payroll tax frequently is attacked as being too burdensome for the lower-paid worker. A possible solution to this problem would permit workers to contract out of a portion of their tax in exchange for a reduced benefit at retirement. This system is used in the United Kingdom. This paper explores some of the implications of such a system for the United States. From Transactions of Society of Actuaries 1981, Vol. 33.

Description: Chapter 7 of the Models for Retirement Policy Analysis. This chapter describes the Social Security Administration's system of assumptions and modeling techniques used to project the finances of the Federal Old Age and Survivors Insurance OASI and Disability Insurance DI trust funds.

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

Description: This discussion reviewed Social Insurance and the developments made in Congress during 1949, social security legislation in Canada and the experience to date with the National Health Services Act is examined. From Transactions of Society of Actuaries 1949, Vol. 1, No. 1.

Description: This paper presents and analyzes data on disability and disability termination rates from group waiver of premium, group disability income, individual loss-of-time business and the OASDI system. The paper also presents the differences in disability termination rates between male and female and the possible causes. From Transactions of Society of Actuaries 1979, Vol. 31.

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 paper explores and develops some initial ideas of roll-forward reserve funding of Social Security. It reports on the work of actuarial students and teachers for an 8-week study period coordinated with the National Science Foundation program of Research Experience for Undergraduate grants. From Actuarial Research Clearing House 1994, VOL. 1.

Description: This paper discusses social insurance supplement - SIS insurance which is a disability income policy rider that pays an additional benefit on disability if the insured is not receiving benefits from a social program. It provides one possible framework for the actuarial structure of the product. From Transactions of Society of Actuaries 1979, Vol. 31.

Description: This paper reviews and compares the Canadian and U.S. Social Security systems as to their adequacy, actuarial equity and progressiveness. It concludes that the Canadian system[s] provide larger minimum benefits and, thus, greater adequacy than the U. S. On the other hand, the analysis indicates more emphasis on actuarial equity in the U.S. system [in total] than in Canada. Finally, both systems are shown to be highly progressive in that lower-wage earners get larger benefits per dollar of contribution than do higher wage earners. The paper concludes by noting that while the systems in these two countries have remarkably different actuarial formulae for determining benefits, and remarkably different structures, that the benefits that result from the two systems are surprisingly similar. From Actuarial Research Clearing House 1999, Vol. 1.