Description: This paper presents a summary of the legislative history of the several 1961 amendments, with emphasis on those affecting OASDI and the provisions of the health benefits proposal - particularly as to its financing. Discussions of this paper are included.

Description: Discussion of the mortality experience of the Korean War. The purpose of this paper to present some statistics and point out variations in the hazard that might that might be of value in setting up rules for the underwriting of military risks.

Description: This report summarizes the results of a Delphi study to identify and debate possible new approaches or Blue Ocean strategies to acquiring business by life insurers. Appendices are included.

Description: The objective of this paper is to introduce actuaries to business credit insurance. An overview of current business credit practices and terminology is given, and the types of policies are described. A discussion of this paper is included.

Description: A plain-language, high-level explanation of employer withdrawal liability issues, including how they grew to be large and barriers to their collection.

Description: This report discusses drivers of U.S. mortality improvement for the short and long term.

Description: Asia is experiencing changing demographic, social, and cultural tides which threaten to submerge existing retirement-pension systems.

Description: Topics include: 1. Formation of the American Academy of Actuaries and governance 2. Federal tax developments - discount on life insurance advance premiums, group term life, imputed income factors under individual policy pension trusts, estate tax effect of assignment of group life coverage 3. Newly created Servicemen's Group Life Insurance - plan summary.

Description: This work describes a study undertaken to determine whether the Federal Housing Administration's 'FHA' single-family-home mortgage insurance program for investor 'non-occupant' loans should be modified. The sample data were analyzed using both Bayesian and sample reuse procedures. A commentary on the paper is included.

Description: This section presents book reviews and summaries of recent publications. Reviews: '1975 Annual Reports of the Board of Trustees of the Federal OASDI Trust Funds...' by the US Congress, 'Providing Adequate Retirement Income' by Schulz, Carrin, Krupp, Peschke, Sclar and Steenberge, 'Ernst & Ernst GAAP - Stock Life Companies' by Posnak, 'Reports of the Quadrennial Advisory Council on Social Security' by US Government, 'Fundamentals of Private Pensions' by McGill. Digests also included.