Description: A response to American Legislative Exchange Council's report "Unaccountable and Unaffordable" in light of applicable Actuarial Standards of Practice.

Description: This paper sets out some of the changes that have taken place in the State National Insurance Pension system in the United Kingdom. From The Old-Age Crisis - Actuarial Opportunities - The 1996 Bowles Symposium, M-RS99-1.

Description: This article discusses the financial imbalance of the Canadian Pension Plan and the need for changes.

Description: Navigate a perspective on the process of developing estimates and projections of mortality rates, based on a Living to 100 paper by the teacher. Discover the approach and considerations an actuary (or others) can take to develop a mortality rate assumption for five time periods. It will describe techniques to estimate historical mortality rates from which to project future mortality rates.

Description: This report focuses on disparities in retirement savings based on race and ethnicity. It includes a thorough review of the literature on the extent of racial disparities in retirement savings and possible causes for and correlates of these disparities.

Description: Mortality Model Selection and Combination in RAlternative approaches for selecting mortality models and forecasting mortality have been proposed. The usual practice is to base mortality forecasts on a single mortality model selected using in-sample goodness-of-fit measures. However, cross-validation and other alternative out-of-sample measures are increasingly being used in model selection, and model combination methods are becoming a common alternative to using a single mortality model. Such methods combine predictions from multiple mortality models to reduce model choice uncertainty and improve forecast accuracy. Explore techniques to select and combine mortality models using the freely available open source R package CoMoMo (https://github.com/kessysalvatory/CoMoMo), which extends the widely used R package StMoMo (https://CRAN.R-project.org/package=StMoMo). We will use data for the USA and other countries to discuss and demonstrate four different model combination approaches including simple model averaging, Bayesian model averaging, model confidence set, and stacked regression ensembles.

Description: This section presents book reviews and summaries of recent publications on a variety of topics.

Description: This paper provides an overview of the employee benefit package, provides data and discusses issues with regard to cost variation, and shows how this data can be combined to provide an understanding of the variation for different employee benefit packages.

Description: This panel discussion is from the 1991 Meeting of the Society of Actuaries, held June 3-5 in Colorado Springs. The panelists discuss current issues with respect to the Social Security, Medicare, and Medicaid programs, including controlling Medicare costs, Parts A and B, covering the uninsured under Medicaid, and the Social Security Old Age and Survivors and Disability Insurance, ‘OASDI,’ trust funds, and their relationship with the overall federal budget and whether trust fund build up can affect aggregate national savings. Long range projections and assumptions, and the recommendations of the OASDI Technical Panel are examined. From the Record of Society of Actuaries Vol. 17, No. 3B.

Description: Feature article describing the need and reasoning for the new SOA Section, Social Insurance and Public Finance.