Description: Article "FEGLI" by Hustead in The Actuary, January 1979, Volume 13, Number 1

Description: Full version of The Actuary Newsletter Volume 12, Number 8 - October 1978

Description: A survey of 13 universities in the U.S. and Canada indicates a wide variety of actuarial science topics of current research, as well as proposed future research.

Description: On May 16th, the Social Security Boards of Trustees sent to the Congress the three annual reports OASDI, HI, and SMI. These reports present cost projections similar to those provided to the Congress last year at the time of enactment of the 1977 Amendments.

Description: Full version of The Actuary Newsletter Volume 12, Number 6 - June 1978

Description: A comparison of Social Security benefits, for a hypothetical new entrant to the program, between the 1972 Social Security Act and the 1977 Social Security Act.

Description: This article is a review and discussion of the 1976 “Report of the Consultant Panel on Social Security to the United States Congressional Research Service.” The report contains the results of another government-initiated study of the OASDI system which puts forth a second solution to a problem first publicly identified by the 1975 Advisory Council on Social Security, a problem which has come to be known as the “decoupling issue.” Because the solution proposed by the actuaries and economists making up this consultant panel is significantly different from that of the Advisory Council, this report has inspired some degree of friendly debate among actuaries and others interested in the technicalities of the OASDI benefit formula. Panel members are Peter A. Diamond, James C. Hickman, Ernest J. Moorhead, and William C. Hsiao, Chairman.

Description: Full version of The Actuary Newsletter Volume 10, Number 9 - November 1976

Description: The Society of Actuaries has announced the first recipients of the J. Henry Smith Scholarship Fund, set up for women and minority actuarial students. Receiving awards are: Vincent Torres, Chicago, Illinois; Kathleen Knight, Austin, Texas ; Shiela Chappell, Philadelphia, Pennsylvania; and Monique Tremblay, St. Cesarie, Quebec. From The Actuary, October 1976, Vol. 10, No. 8.

Description: Full version of The Actuary Newsletter Volume 10, Number 8 - October 1976

Description: This article is a review of “1972 Lifetime Earnings by Age, Sex, Race, and Education Level, Research and Statistics Note No. 14-1975,” published by the Social Security Administration, which presents detailed data by quinquennial age groups, sex, race, and years of school completed as to the present value of future earnings based on static earnings levels 1972. It is stated that such data can be used for general analytical purposes to form policy, for court determinations of awards in damage suits, and for cost-benefit analysts in such areas as disease prevention and education programs. The author of this article notes in his analysis the inconsistency of the static salary assumptions with a range of interest rates from 2% to 8%.

Description: Review of Fifty-Second Annual Report of the Board of Actuaries of the Civil Service Retirement System. The authors found it to be a concise well written report discussing a number of issues facing all pensions in an inflationary economy. Both the title and the dull format in the usual Government Printing Office style would seem to insure this document's instantaneous consignment to dead storage. However, behind the cover of this small pamphlet is a concise, well written report discussing-a-number of the issues facing not only federal pension programs at the present time, but all pensions in an inflationary economy. For example, several of the 11 pages devoted to the main report discuss the implications of static assumptions ignoring inflation as opposed to dynamic assumptions including inflation.

Description: Full version of The Actuary Volume 10, Number 4 - April 1976

Description: Article from The Actuary, December 1975, Volume 9, No. 10, discusses medical expense insurance. This article addresses the following questions: Why have group claim frequency rates remained high? What can be expected for the future? What management actions are appropriate? This presentation is one actuary's attempt to answer these questions.

Description: Book review on Standards for Discussion and Presentation of Errors in Survey and Census Data by the American Statistical Association, Washington, D.C., 1975. The material will be of interest to actuaries and of help in preparing their own study reports. The guidelines discuss some relatively simple means of presenting error estimates for published data.

Description: Full version of The Actuary Newsletter Volume 9, Number 7 - September 1975

Description: Response to Robert Myers review of an actuarialaudit of the Social Security system performed by Professors Kaplan and Weil.

Description: The results of Competition No. 3 which asked for symbolic representation for actuaries and other professions and solicits entries for competition no. 4.

Description: Full version of The Actuary Newsletter Volume 9, Number 10 - December 1975

Description: This is a book review of 'Management: Tasks, Responsibilities, Practices' by Peter F. Drucker, considered by some to be the high priest of management. The book is divided into three parts- The Tasks, The Manager and Top Management. The last named contains much food for thought, not just for top management but for the underlayer as well. The first two parts reveal Drucker’s knowledge of and insight into what is good management and what is not. Repeatedly, he makes his point by citing real cases and describing real companies. His occasional comments on the life insurance industry are pointed. The book is also noteworthy for giving us another law to stand alongside those of Parkinson, Murphy and Peter- Drucker’s Law: 'If one thing goes wrong, everything else will, and at the same time.'

Description: This article contains a listing of the publications of the National Center for Health Statistics. Copies of any of the listed publications can be obtained from the National Center for Health Statistics, Rockville, Maryland. In ordering, the series number and the number within the series should be given.

Description: Full version of The Actuary Newsletter Volume 8, Number 5 - May 1974

Description: Full version of The Actuary Newsletter Volume 7, Number 8 - October 1973

Description: Book review of a book on pensions written by Ralph Nader and Kate Blackwell. Review is relatively balanced, yet clearly points out the shortfalls of the analysis put together by Mr. Nader and Ms. Blackwell.

Description: Provides a brief review of World Population: An Analysis of Vital Data by N. Keyfitz and W. Flieger. It presented a collection of life tables and related data covering more than 60 populations over 180 years. This book presents data on mortality from recorded causes of death in 180 populations, with detail provided on age and sex .... This volume should reduce substantially problems of data availability by providing information on mortality experience spanning a period of 103 years, for 48 nations, and encompassing a range of life expectancies from 27 to 77. The data will assist the social scientist in documenting such matters as the sources of the vital revolution, causes of increasing sex mortality differentials, components of age curves of mortality, geographic and temporal variations in mortality structure, and economic and social costs of a disease.

Description: Full version of The Actuary Newsletter Volume 7, Number 2 - February 1973

Description: Full version of The Actuary Newsletter Volume 6, Number 10 - December 1072

Description: This article discusses the changes to the Social Security System that were enacted at mid-year 1972 in Public Law 92-336. Among the changes are the so-called 'automatic' provisions,' under which Social Security benefits are periodically increased in step with the Consumer Price Index, and the earnings base is concurrently increased in step with average earnings levels.

Description: Full version of The Actuary Newsletter Volume 6, Number 7 - September 1972

Description: Full version of The Actuary Newsletter Volume 5, Number 4 - April 1971

Description: This note compares hospital utilization and average daily hospital costs for persons aged 65 and over as indicated by 1968 data under Medicare's Hospital Insurance Program and from the American Hospital Association.

Description: Provides a review of the 4th Actuarial Research Conference.

Description: Reviews book entitled An Introduction to Risk and Return from Common Stocks by Richard Brealey. The book provides a description of the stock market, as seen through the eyes of the statistician.

Description: Full version of The Actuary Newsletter Volume 4, Number 1 - January 1970

Description: Full version of The Actuary Newsletter Volume 3, Number 7 - September 1969

Description: Full version of The Actuary Newsletter Volume 3, Number 5 - May 1969

Description: Full version of The Actuary Newsletter Volume 3, No. 3 - March 1969

Description: Actuaries have been indebted to the Statistical Bureau of the Metropolitan Life for studies in vital statistics associated with the names of Dublin, Lew and Spiegelman and a recent study by Quint and Cody is in this tradition. It is headed Preeminence and Mortality and was presented to the Annual Meeting of the American Public Health Association last November. This article shares further perspectives about longevity, and the characteristics of people who experience long lives.

Description: This article summarizes the speech by Lloyd A. Woolridge on pension vs. profit sharing, insured vs. uninsured and individual vs. group in regards to retirement income plans.

Description: Full version of The Actuary Newsletter Volume 3, Number 2 - February 1969

Description: Article discusses the conference on mathematical simulation models at Duke University on Oct. 31, 1968.

Description: This article promotes the concept of long range planning for life insurance companies and notes that actuaries are well equiped for this activity.

Description: In this article the author presents a general solution to the problem of finding the effective annual interest rate commonly arising in finance for an installment loan.

Description: Full version of The Actuary Newsletter Volume 2, Number 6 - June 1968