Description: This article shows the budget in 1981-1982 as compared to previous time periods and explains the growth in the SOA's income and expenses since 1958. Inflation, membership growth and broadened activities have all boosted the Society’s budget through the years.

Description: In May 1981 the Academy distributed an exposure draft, “Qualification Standards To Sign Statements of Actuarial Opinion on NAIC Annual Statement Blanks.” In it we read, with pleasure, the following bit of proposed wording: “Before considering himself or herself qualified, the actuary should have sufficient experience . . . With that experience the actuary should have . . . developed a healthy skepticism concerning data and other information proffered by others . . .” This article describes that the healthy skepticism was removed in the future language and the editor's disagreement with the ommission.

Description: This is an article about retirement age and life expectancy. The article compares the normal retirement age and life expectancy in Germany and the United States.

Description: This is an article about why computers and computer systems are not on the exam syllabus. From The Actuary VOL. 16, No.3

Description: This articles highlights actuaries living and working in Hong Kong. Actuaries now residing in Hong Kong number 14 Fellows, of whom 12 are Fellows of The Institute or Faculty, 2 of the Society.

Description: Summary of the non-routine business transacted at meetings of the Executive Committee of the Society of Actuaries on September 18, 1979 and the Board of Governors on October 18-19, 1979

Description: A sample is shown of age-adjusted death rates by cause in the United States population, compiled by H.E.W.‘s National Center for Health Statistics, which appear on pages 77-84 of the T.S.A. 1978 Reports distributed November 1979.

Description: Discusses the symposium, “The Future of Life Expectancy,” on March 10-11, to address how employment is affected by longevity.

Description: Addresses U.K. actuarial discussion regarding “maturity guarantees”, i.e., the reserves necessary to support promises contained in investment-linked contracts.

Description: Ed. Note: Several Society members testified in a recent lawsuit in which 14 stock life companies and two field men’s groups sought to prevent Wisconsin’s Insurance Commissioner from requiring that buyers be given (1) a preliminary policy summary that displays the policy’s Surrender Cost Index (SCI) but not its Net Payment Cost Index (NPCI) nor its Equivalent Level Annual Dividend (ELAD), and (2) a buyer’s guide that describes these figures in a manner objectionable to these plaintiffs.