Description: This panel discussion is from the 1991 Meeting of the Society of Actuaries, held June 3-5 in Colorado Springs. The panelists discuss current issues with respect to the Social Security, Medicare, and Medicaid programs, including controlling Medicare costs, Parts A and B, covering the uninsured under Medicaid, and the Social Security Old Age and Survivors and Disability Insurance, ‘OASDI,’ trust funds, and their relationship with the overall federal budget and whether trust fund build up can affect aggregate national savings. Long range projections and assumptions, and the recommendations of the OASDI Technical Panel are examined. From the Record of Society of Actuaries Vol. 17, No. 3B.

Description: The basic principle introduced in this paper is that the expected value of receipts on any insurance policy is equal to the expected value of payouts. Using an expected value approach, rather than present values, offers an interesting conceptual framework which might provide a possible starting point in risk theory to consider statistical variation about these expected values.

Description: Full version of The Actuary Newsletter Volume 35, Number 10 - December 2001

Description: This 1978 session discussion included important challenges to the actuarial profession that result from current social and economic changes, opportunities for actuarial input in a political process, and expanding horizons for the actuarial profession. From Record of Society of Actuaries, Vol. 4, No. 1.

Description: In the absence of a generally accepted guide to actuarial principles and practices for pension plans, a new professional firm offering actuarial consulting services has both the freedom to establish and the burden of establishing the professional policies by which it will be guided. Our thinking about the practical and professional necessity of annual valuations is reflected in this paper. From Transactions of Society of Actuaries 1972, Vol. 24, Pt. 1, No. 69 AB.

Description: To become a member of the American Academy of Actuaries, an applicant must submit satisfactory evidence that he has met specified requirements in both education and experience. This panel discussions addresses whether or not the education requirement can be satisfied by means other than by passing specified examinations of the Society of Actuaries or of the Casualty Actuarial Society. From Transactions of Society of Actuaries 1970, Vol. 22, Pt. 2, No. 64.