Description: Senate Resolution 350, June 26, 1974, provided for an expert, independent analysis of the actuarial status of the social security system, to be made for the Senate Committee on Finance. Robert Myers provides comments on this report and finds it an excellent example of how an actuarial report should be presented to the public.

Description: Social security systems around the world have suffered from inadequate funding, leading to current or potential deficits and ultimate insolvency. This article discusses that this problem is a direct actuarial consequence of the inadequate funding that created the problem in the first place. It is simply an open group valuation problem.

Description: This article is about the role of interest in financing the OASDI system and assumptions if the OASDI system is funded in the future so that it is on a current cost basis.

Description: On October 21, the Bureau of Labor Statistics BLS released the Consumer Price Index KPI for September. With that figure, the Social Security Administration calculated the Social Security cost-of-living adjustment COLA for December 1988, which was 4.0%.

Description: In this article the author offers ideas on how indexing can be used to help control the cost of Social Security in order to create long term financial stability and restore public confidence in the system.

Description: This article presents a summary of ideas discussed in a 1999 symposium on the subject of the pros and cons of privatization as an element of the U.S. Social Security system. The four main topics addressed were: 1. Overview of Social Security reform. 2. Pros and cons of privatization. 3. Impact of privatization. 4. Practical issues of privatization. From: The Actuary, September 1999 – volume 33 - Issue 7.

Description: A review of a pamphlet which described the amendments to the Social Security Act in 1977.

Description: This reporter spoke with Robert J. Myers ahout his role as Executive Director of the National Commission on Social Security Reform.

Description: This article is about a consumer education program sponsored by the Society of Actuaries Foundation, “On the edge of change: Putting Social Security back in balance” and plans for a similar project dealing with Medicare in the future.

Description: The work of the Society of Actuaries’ Committee on Post-Retirement Needs and Risks—including focus groups and Risks and Process of Retirement Surveys—offers important insights into when, how and why people retire.