Description: This article discusses the relative merits of investing some Social Security assets in common stocks either by 1. Adjusting the retirement benefits and taxes, and investing part of the Social Security trust funds in the stock market [the 'defined benefit,' or DB, method], or 2. Reduce the basic retirement benefits further, and have workers invest part of their future contributions in individual accounts [the 'defined contributions,' or DC, method].

Description: These are the minutes of the Regional Spring Meeting of the Society of Actuaries held in Toronto, Ontario on June 1-2, 1961. From Transactions of Society of Actuaries 1961, Vol. 13, No. 36 AB.

Description: These are the meeting minutes from the Regional Meeting held in Chicago, IL on June 1-2, 1972. From Transactions of Society of Actuaries 1972, Vol. 24, Pt. 1, No. 69 AB.

Description: The author notes that “there is reason to expect 1981 to be the biggest year for Social Security legislation since 1977, perhaps even since 1972. The author further notes that the Congress will be forced to act to bring the system into financial balance. The article discusses some of the actions apt to be considered for legislative action including inter-fund borrowing, general fund borrowing, general revenue financing, changes in retirement age, changes in indexing, move towards universal coverage, and others.

Description: This article is an interview with Linda Emory in which she reflects on a few aspects of her new position as editor of The Actuary.

Description: China has experienced significant economic growth over the last 30 years, during which its economy has grown faster than that of any other country in history. Foreign investments have been one of the major driving forces behind the explosive growth. As multinational companies have increased their investments in China, the number of foreign workers in China has increased. In particular, with a shortage of local talent in China, particularly at the middle- to senior-management level, many multinationals have been using expatriates to fill key positions. This article summarizes the compensation and benefit packages provided to more than 300,000 foreign workers in China.

Description: Evidence is building from the physical sciences that we are starting to reach some of earth’s limits. Unless we can find some technological solutions, once these limits are reached, we can expect to see a very changed world. Instead of having constantly increasing resources available to us, we can expect ever-decreasing resources to be available. Instead of seeing year after year of growth, increasing longevity and improving morbidity, we can expect the opposite.

Description: Read the May 2020 issue of Retirement Section News published by the Retirement Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: This article attempts to dispel some of the myths around the perceived unique nature of Asian markets. This part focuses on a risk management perspective, reviewing the current situation, including product diversification, competitive pressures, pricing issues, volume drivers, distribution customer relations, technical skills development, and special risk like AIDS, Hepatitis B and C and more.

Description: This article discusses a new procedure for correcting inadvertent failures to satisfy the diversification requirements applicable to variable annuity and life insurance contracts under section 817h of the Internal Revenue Code.