Description: This panel discussion, which occurred at the May 1982 Society of Actuaries meeting in Colorado Springs, covered U.S. Social Security issues. Topics included: 1. Financial status of the Social Security program. 2. Changes recently adopted and proposed. 3. Impact of these changes on the private pension system 4. Role of the actuarial profession regarding the Social Security program. The following papers were referenced in this discussion: OASDI Earnings Test, by Warren R. Luckner Measures of Actuarial Status for Social Security: Retrospect and Prospect, by Dwight K. Bartlett III

Description: This paper examines how income sources change when married women in Britain, the U.S., and Germany are widowed, and it draws inferences about the income consequences of specific retirement and survivorship provisions. .

Description: During the SOA’s recent Living to 100 Symposium, one of the sessions that got me thinking much more deeply about the financing of public retirement plans was titled “Mortality Age Patterns: Trends and Projections.”

Description: This paper focuses on the situation of women at high ages and the implications of longer life for women. This paper draws on and brings together work done by the Society of Actuaries in connection with the 2005 post-retirement risk survey, work from Social Security administration studies, U.S. government census data, WISER, the MetLife Mature Market Institute and papers funded by the Social Security research center.

Description: This paper focuses on the situation of women at high ages and the implications of longer life for women. This paper draws on and brings together work done by the Society of Actuaries in connection with the 2005 post-retirement risk survey, work from Social Security administration studies, U.S. government census data, WISER, the MetLife Mature Market Institute and papers funded by the Social Security research center.

Description: Column from the SI&PF section’s chairperson discussing opportunities for the section and its members.

Description: Discussion of Symposium Session 3B. Papers presented: Living to 100 - A Women's Issue Evaluation of Approaches to Reducing Women's Longevity Risk Estimates of Incidence, Prevalence, Duration, Intensity, and Cost of Chronic Disability among the US Elderly

Description: This paper presents an analysis of the mortality and remarriage experience of widow beneficiaries under OASDI. From Transactions of Society of Actuaries 1969, Vol. 21, Pt. 1, No. 59 AB.

Description: Elderly women living alone experience some of the highest poverty rates in the United States. One reason for their financial frailty is that they face more longevity risk than men. Existing financial products that can mitigate this risk are not attractive to many people. Can alternative vehicles for pooling longevity risk be developed outside the insurance market that would appeal to these individuals? This paper suggests some risk-pooling approaches and compares their effectiveness and viability.

Description: Elderly women living alone experience some of the highest poverty rates in the United States. One reason for their financial frailty is that they face more longevity risk than men. Existing financial products that can mitigate this risk are not attractive to many people. Can alternative vehicles for pooling longevity risk be developed outside the insurance market that would appeal to these individuals? This paper suggests some risk-pooling approaches and compares their effectiveness and viability.