Description: Discusses the recent firing of the Social Security Commissioner and the president's legal authority to do so.

Description: This is an article by outgoing Society of Actuaries President, Bruce D. Schobel, reflecting on the Society's accomplishments over the past year and looking ahead at its future plans.

Description: Join fellow actuaries for breakfast co-sponsored by the Actuary of the Future and Social Insurance & Public Finance Sections. Come learn what the sections have accomplished over the past year and network with other section members. This breakfast is open to all meeting attendees free of charge. If you plan to attend, you must register in advance.

Description: In this session 114 PD of the Palm Desert Spring Meeting, Social Security and Medicare experts separate fact from fiction to give you insight into the sovency of the systems and proposals for change. From Record of Society of Actuaries, Vol. 23, No. 1.

Description: Panelists at this session of the SOA 2000 Las Vegas Spring Meeting discuss Congressional proposals for changing Medicare and the Academy's Medicare Reform Task Force report with respect to financial soundness, competition and potential prescription drug benefits.

Description: Here are the themes that I plan to address in more detail over the next year—our education and examination program; more meaningful partnerships among the various actuarial organizations, especially in the United States; and increased transparency.

Description: Discusses those Disability Insurance program changes, brought about by the Social Security Disability Amendments of 1980, which fall into two major categories: benefit amounts and program administration.

Description: Describes the December 2021 COLA and other changes effective in 2022, along with how they are computed.

Description: The question is frequently raised: Do workers get their money's worth from the payroll taxes that they pay under the U.S. Social Security program? Analyses by nonactuaries are usually faulty because of incorrect methodology and/or incorrect assumptions. This paper presents an analysis of cash retirement benefits for various cases of workers at two earnings levels who attained age 65 and retired in the past and who will attain the normal retirement age and retire at several dates in the future. In summary, the vast majority of workers who retired in the past received, and are receiving, benefits of far greater value than the taxes that they paid. This situation will change in the future, especially if tax rates rise to a level sufficient to support the program over the long run. Many workers who retire in the future will not get their money's worth when the combined employer-employee taxes are considered. This result would be expected eventually for a program that is financed almost entirely by these payroll taxes. However, the vast majority of workers will get their money's worth if only the employee tax is considered. From Transactions of Society of Actuaries 1992, Vol. 44.

Description: This paper discusses social insurance supplement - SIS insurance which is a disability income policy rider that pays an additional benefit on disability if the insured is not receiving benefits from a social program. It provides one possible framework for the actuarial structure of the product. From Transactions of Society of Actuaries 1979, Vol. 31.