Description: Reviews Elmer R. Benedict's book entitled Protecting Retirement Against Inflation, which present a broad program for equitable sharing of the inflation burden. The kingpin is an income adjustment, utilizing income taxes, designed to restore the purchasing power of the retired, disabled and surviving spouses.

Description: This article describes the membership of the SOA outside of the United Sates. An informal count places the number of such members in active practice at 406.

Description: This paper, presented at the Eastern Spring Meeting of the Society of Actuaries, held March 24-25, 1960 in Washington, D.C., provides the results of an experience study of first year lapse and “default” rates on ordinary insurance, where the author, Norman F. Buck, has defined “default” rate as a rate including the sum of first year lapses, not takens, and cancellations as of the issue date. The paper includes written discussion and the author’s review of the discussion. From the 1960 Transactions Vol. 12, No. 33.

Description: This article's aim is to keep future historians from being thwarted by the unavailability of membership figures that would have appeared in the 1979 Year Book. That Year Book, it will be remembered, died aborning. We take this opportunity also to rectify a temporaryWe take this opportunity also to rectify a temporary miscount, perpetrated during that same hiatus period. Our 1980 Year Book reported, at p. 60, that we had 3,955 Fellows and 3,042 Associates on November 1, 1979 the correct numbers were 3,934 Fellows and 3,035 Associates.

Description: From the 1960 Transactions Vol. 12 No. 32, this ‘Discussion of Subjects of Special Interest’ addresses the ordinary insurance underwriting topics of “guaranteed issue” and potential antiselection of business insurance vs. personal insurance at time of retirement.

Description: The term manipulation means designing policies in such a way that they have attractive net cost indexes but are, nevertheless, a very poor buy for the consumer. This panel discusses what is meant by manipulation problem, how serious it is how the NAIC Advisory Committee proposes to deal with it and what responsibilities actuaries have in connection with this problem. From Record of the Society of Actuaries 1981, Volume 7, No. 4.

Description: This note describes a mortality investigation procedure in which the expected mortality applicable to each new policy for a period of about three years after issue is estimated by use of persistency factors. Discussions of this paper are included.

Description: This discussion is about the increasing unit expense rates even in light of increases in insurance amount, simplified procedures and greater mechanization, methods to allocate agency expenses in to the premium structure and the importance considerations in determining the level of gross premiums. From Transactions of Society of Actuaries 1961 Vol. 13 pt. 2

Description: Chronicles the genesis of The Actuary, and pays homage to its first editor, Andrew C. Webster.

Description: This panel discussion adresses the responsibility of the actuary as he or she serves various publics such as the actuary's employer, government bodies, labor unions, industry and the professional groups of which the actuary is a member. From Transactions of Society of Society of Actuaries 1971, Vol. 23, Pt. 2D, No. 65.