Description: The author notes that “there is reason to expect 1981 to be the biggest year for Social Security legislation since 1977, perhaps even since 1972. The author further notes that the Congress will be forced to act to bring the system into financial balance. The article discusses some of the actions apt to be considered for legislative action including inter-fund borrowing, general fund borrowing, general revenue financing, changes in retirement age, changes in indexing, move towards universal coverage, and others.

Description: This panel discussion session focuses on the impact of a changing environment on personal security programs. Some of the issues addressed include regulations, taxes, consumerism, Social Security, inflation, and age/sex composition of work force.

Description: The paper reviews in detail the measures of actuarial status used for the social security program since the program was developed in the middle 1930s. The paper concludes with suggestions by the author concerning appropriate measures of actuarial status for social security in the future. From Transactions of Society of Actuaries 1981, Vol. 33.

Description: This is a panel discussion session on social insurance topics focusing on the short and long term financing issues of Social Security, the issue of general revenue financing, and proposals to revise benefit structures. Both U.S. and Canadian systems are discussed.