Description: This paper examines retirement plans and opportunities for self-employed individuals, particularly addressed is the pending Keogh bill. From Transactions of Society of Actuaries 1960, Vol. 12, No. 34.

Description: This section presents book reviews and summaries of recent publications. Reviews: '1975 Annual Reports of the Board of Trustees of the Federal OASDI Trust Funds...' by the US Congress, 'Providing Adequate Retirement Income' by Schulz, Carrin, Krupp, Peschke, Sclar and Steenberge, 'Ernst & Ernst GAAP - Stock Life Companies' by Posnak, 'Reports of the Quadrennial Advisory Council on Social Security' by US Government, 'Fundamentals of Private Pensions' by McGill. Digests also included.

Description: The purpose of this paper is to outline some of the points to be considered in arriving at a method of making cost estimates and funding calculations and their practical application.

Description: This is the discussion to the paper, The Actuarial Implications of the 1951 Railroad Retirement Amendments by Joseph Musher. From Transactions of Society of Actuaries 1952, Vol. 4, No. 10.

Description: This is a discussion of the title paper by Raymond F. Houseman, which provides some practical aspects of various funding methods. The paper is critiqued, and some alternative methods are discussed.

Description: This section contains book reviews on profit sharing, life insurance, genetic risks and a select current bibliography. From Transactions of Society of Actuaries 1974, Vol. 26, Pt. 1, No. 75 AB.

Description: This section presents multiple book reviews and summaries of recent publications. Reviews: 'Social Security' by Myers, 'Report on Actuarial Principles and Practical Problems with Regard to Nonforfeiture Requirements' by Society of Actuaries, 'Mortality and Morbidity in the US' by Erhardt and Berlin, 'The Fifty-Second Annual Report of the Board of Actuaries of the Civil Service Retirement System' by US Government, 'Health Service Information in the US Today' by Murnaghan, 'Financial Problems Confront the Federal OASI and DI Trust Funds' by Staats, 'Public Employee Pension Funds' by Tilove, '1976 Annual Reports of the Board of Trustees of the Federal OASDI Trust Funds...' by US Congress, 'Report of the Consultant Panel on Social Security to the US Congressional Research Service' by US Government, 'Crime by Computer' by Parker, 'Reports of Consultants on Actuarial and Definitional Aspects of Social Security Disability Insurance' by US Government, 'Social Security: The Fraud in Your Future' by Shore, '1972 Lifetime Earnings by Age, Sex, Race and Education Level' by Social Security Administration. Digests also included.

Description: Traditional pension cost methods are based on the actuarial present value of future benefits [which is a mean value]. As a consequence, these cost methods are deficient because they cannot provide plan sponsors with certain valuable information such as the probability that the accumulation of a particular sequence of contributions will ultimately provide sufficient funds to pay benefits, or the size of fund needed to ensure that retirees' lifetime benefits are paid with a specified probability. In response to these deficiencies, a new family of cost methods, called a-percentile cost methods, is developed. These cost methods are based on the probability of adequately covering all participants' benefits. Expressions for the normal cost, the accrued liability and the gain are provided. From Transactions of Society of Actuaries 1993, Vol. 45.

Description: This paper adopts the framework whereby pension benefits are allocated one exit point at a time in some fashion to the years of service of those persons expected to leave at each exit point. Of particular interest is an allocation by interest-adjusted salary. From the Transactions of Society of Actuaries 1994, Vol. 46.

Description: This discussion is about interests assumptions that are being used for cost estimates and valuation for trusteed retirement plans and deposit administration plans. From Transactions of Society of Actuaries Vol. 13 pt 2