Description: Actuaries and the Actuarial profession have an obligation to act in the public interest. It is not enough to pass exams, keep current and do "good actuarial work.” Both Science and public service must be reflected in all of our activities...The intent of this article is to clarify what "acting in the public service” means for actuaries, particularly U.S. actuaries. It emphasizes the importance (necessity) of examining the "public interest" in everything we do ... and to warn the public where we have concerns. ...Acting in the public interest (a requirement for any profession or professional, is critical to the profession's future reputation and relevance.

Description: A review of the Australian retirement incomes system and an assessment of necessary changes to improve its effectiveness.

Description: Over the past year the actuarial profession, led by the Society of Actuaries, has taken a step back to review the role of the actuary in today’s global economy. In doing so, the actuarial profession has decided to reposition the “actuary brand.”

Description: This article reviews studies find that the mortality gap has significantly reduced – though not eliminated – the overall progressivity of Social Security.

Description: This article contains a condensed summary and excerpts from a recent white paper regarding the Individual Mandate.

Description: Society of Actuaries' Hong Kong Ambassador’s Report, discussing the primary objectives of the 1998 activities launched in China

Description: The Society of Actuaries SOA developed the ‘Risks and Process of Retirement Survey Report’ to help identify retirement risks and raise awareness of approaches to manage those risks. The survey analyzes the leading retirement risks of men and women, ages 45 to 80, who are either retired or still in the workforce. This document provides a summary of the results and provides information on how to obtain the Survey Report’s summary or a full report.

Description: This paper responds to comments on a proposed compulsory savings program combined with transparent investment vehicles designed to promote competition based on expense levels, fund performance and customer service. At retirement 50% of the account is annuitized in Participating Variable Annuity (PVA) backed by TIPS. All investment experience, expenses, and pooled longevity experience is passed to annuitants through periodic benefit adjustments. Annuities are priced uniformly based on age at commencement.