Description: In this article, the authors describe the flaws in our current determination of the Consumer Price Index CPI and other economic indicators, and propose a series of refinements for improving the CPI calculations. The article emphasizes the importance of accuracy, given the significant influence on business and investment policies, psychological effect on the marketplace, as well as on consumer confidence, and the direct impact on Social Security increases and other benefit plans.

Description: This panel discussion which was presented at the SOA's 1976 Spring Meeting in Washington D.C. focused on various pension plan issues which have arisen in difficult economic times in the mid-1970's.