Description: This panel discussed studies of the risk of loss due to changes in the interest rate environment. It addressed why the C-3 risk is important and how inflation and stability in interest rates can affect the financial soundness of life insurance companies. There was also a discussion of the theoretical work being carried out to calibrate the C-3 risk of variation in interest rates and to what extent the valuation actuary can properly recognize the risk of loss from changes in the interest rate environment within the framework of valuations laws and regulations.

Description: This is a discussion about computer modeling as a management tool. From Transactions of Society of Actuaries 1969, Vol 21 Pt. 2, No. 59

Description: This paper attempts to reduce several variables to their bare minimum and to investigate how the cost of vesting depends upon those few that remain. From Transactions of Society of Actuaries 1972, Vol. 24, Pt. 1, No. 70.

Description: This paper attempts, in some measure, to get at least the fundamentals of pension funding into actuarial literature. From Transactions of Society of Actuaries 1952, Vol. 4, No. 8.

Description: This is a discussion of 'The Generalized Family of Aggregate Actuarial Cost Methods for Pension Funding' by John R. Taylor. From Transactions of Society of Actuaries 1967, Vol. 19, Pt. 1, No. 54.

Description: An extension of a paper published in the 1952 Transactions by the same author, describing and classifying various funding methods for defined benefit pension plans. Followed by discussion papers submitted by several authors.

Description: This paper demonstrates and quantifies death-rate differences by marital status, explores the reasons why mortality rates for the unmarried exceed those for the married, and encourages actuaries and others to contribute their thoughts on these perplexing matters. From the Transactions of Society of Actuaries 1994, Vol. 46.

Description: This paper summarizes the legislative activity from 1969-72 with regards to social security. Topics include expansions in Old-Age, Survivors, and Disability Insurance [OASDI], establishment of social security trust funds, and changes in Medicare including extensions of benefits to disabled persons. From Transactions of Society of Actuaries 1973, Vol. 25, Pt. 1, No. 73.

Description: This is a discussion about pension plan design and mechanics including: 1. Adjustment of pension benefits for inflation, 2. Major revisions or plan terminations, 3. Development of group pension contracts, and 4. Design problems of negotiated plans. From Transactions of Society of Actuaries 1967, Vol. 19 Pt. 2, No. 55.

Description: This paper was presented at the 1955 Society of Actuaries Eastern Spring Meeting, held March 24-25 in New York City. Noting that traditionally, group life insurance has been financed on a yearly renewable term basis, the author discusses the reasons for development of group permanent life insurance and the different funding methods. The author also presents certain analogies with the funding of pension plans, and discusses employee taxability issues under current tax law for the various funding methods. From Transactions of Society of Actuaries 1955 Volume 7, Number 18.