Description: Practitioners in the pension field have come to recognize that there are four broad sub-specialties: small plans also known as tax-shelters, larger corporate plans, governmental plans, and Taft-Hartley jointly trusteed programs. Knowledge and even expertise in one specialty is not necessarily transferable to the others.

Description: The 1977 Amendments to the Social Security Act provided for a one-time National Commission on Social Security with broad mandate to study the OASDI and Medicare programs. The author discusses the substantial proposals put forth by the Commission in its report released in January 1981, which would affect both OASDI and Medicare.

Description: This article by the Society of Actuaries Treasurer provides a financial summary of the SOA for 1980-1981, and the financial outlook for 1981-1982.

Description: Name correction to previous article November 1981 The Actuary

Description: This is an article on statutory maximum valuation interest rates, the second of three articles outlining the new Model Valuation and Nonforfeiture Laws.

Description: This article is about the Students' Society of the Institute of Actuaries and the role it has played for students of actuarial science. During its 71 years it has contributed substantially to actuarial life.

Description: Social Security Disability Insurance DI experience in 1980 is continuing most recent trends, but changing somewhat in a few others.

Description: This article describes the process used when it has been determined that a new or revised study note is needed for the examination process.

Description: This article that demonstrates least squares conveniently. When in the course of preparing statements it becomes necessary to estimate a minor item from prior years' data, here is a quick method easily taught to non-statisticians.

Description: This is an article that discusses the retreat of savings banks from mutuality. As we ponder the future of mutual life insurance, we should be aware of the change sweeping through the mutual savings bank industry.