Description: A recent list of government publications announces the publication of a volume entitled Actuarial Values I: Valuation of Last Survivor Charitable Remainders-Part B-Two-Life Tables for Untirusts and Pooled Income Funds - Internal Revenue Service Publication 7233 11-71 available from the Superintendent of Documents, U. S. Government Printing Office, Washington, D. C. 20402 for $4.50. The article outlines the actuarial formulas used in determining the tables used by the IRS.

Description: On October 16, 1974, the Congress overrode the Presidential veto of H.R. 15301 The Railroad Retirement Act of 1974, a bill to restructure the railroad retirement system which was based on proposals made jointly by railroad management and labor. H.R. 15301 now P.L. 93-445 embodies some far reaching changes which are mainly directed toward relieving the difficult financial situation of the railroad retirement system.

Description: The staff report on the the Disability Insurance Program. An interesting and informative report reviews the history of the program and presents 10 findings and recommendations.

Description: The first in a series of articles exploring the improvement in retiree life expectancies and ways the improvement can be incorporated into actuarial estimates of annuity and pension plan reserves.

Description: Article from The Actuary, April 1972 – volume 6 - Issue 4 revisits the topic of natural reserves and how they indicate the level of cash values that can be provided under such assumptions without gain or loss from surrender.

Description: Summary of Part II of the survey of Appointed Actuaries, sponsored by the American Academy of Actuaries Committee on Life Insurance Financia1 Reporting and the Society of Actuaries Financial Reporting Section, which asked appointed actuary various questions on methodology and assumptions employed for asset adequacy testing.

Description: Discussion of the new features that have been added to the Society of Actuaries' web-site.

Description: This article discusses whether there should be a delayed retirement credit and, if so, how much the credit should be. The article distinguishes the applicability of the delayed retirement credit between social insurance and private pensions.

Description: An increasingly popular tool in estate planning is the Joint Life policy payable upon the second death. The design and pricing of this policy is influenced significantly by cash value and reserve requirements. This article discusses two methods for calculating these values.

Description: Article An Interview With Orlo R. Nichols, FSA 1979 a blind actuary, who recently completed the Society of Actuaries Fellowship examinations