Description: This article discusses the changes to the Social Security System that were enacted at mid-year 1972 in Public Law 92-336. Among the changes are the so-called 'automatic' provisions,' under which Social Security benefits are periodically increased in step with the Consumer Price Index, and the earnings base is concurrently increased in step with average earnings levels.

Description: Describes the OASDI / HI changes brought about by the enactment of H.R. 1 in late October of 1972 including modifications for the HMO Act.

Description: A summary of a preliminary report from the Committee on Valuation and Related Problems, on guidelines for quantifying balance sheet items in an insurance enterprise.

Description: Discusses extension of the current favorable tax treatment of employer-sponsored pension plans to additional groups and to employee contributions.

Description: Article from The Actuary, June 1986, Volume 20, No. 6, on actuarial research. Early movement in the research direction came in the '60s with the organization of annual Actuarial Research Conferences at campus locations, followed by the publication of ARCH, both under the sponsorship of what was then known as the Research Committee. The notable research development of the '70s was the formation of the Actuarial Education and Research Fund, a profession-wide attempt to encourage the development of new actuarial knowledge. In the early '80s the Society began to organize for a serious research effort, directed particularly toward the improvement of its experience studies.

Description: Reviews book entitled An Introduction to Risk and Return from Common Stocks by Richard Brealey. The book provides a description of the stock market, as seen through the eyes of the statistician.

Description: Article from The Actuary, April 1986, Volume 20, No. 4 is an editorial on later retirement. There is indication that workers may eventually stay in the work force longer based on the 1983 amendments to the Social Security Act.

Description: An editorial on the insurance crisis with regards to liability insurance, and the breakdown of the liability system.

Description: In this editorial, the President of the SOA discusses the changes to the Constitution and the tight conditions spelled out in Article X relating to Statements of Professional Opinion.

Description: Editorial highlights the public's need for this product line and cites a previous article for The Actuary written by Heidi Rackley promoting this subject.