Description: This paper focuses on the Social Security Act. The paper first presents a brief history of the old-age and survivors insurance system and the public assistance program. The provisions of the amended act are compared to the previous version. Actuarial cost estimates underlying the insurance program are given with implications of the financing basis of the program.

Description: Reports on recent month-end fund balances in the Old-Age, Survivors, and Disability Insurance funds. They had been facing a great financial crisis recently and now are in much better financial condition.

Description: This article contains reviews of the following books published in 1992: 1. 'Broken Promises: The Inside Story of the Failure of Executive Life' by Vic Modugno, 2. 'Within the System: My Half Century in Social Security' by Robert J. Myers, 3. 'Insurance Risk Models' by Harry H. Panjer and Godon E. Willmot, and 4. 'Social Security: What Every Taxypayer Should Know' by A. Haeworth Robertson. Notices of Social Security notes and studies are also included. From Transactions of Society of Actuaries 1992, Vol. 44.

Description: Article from The Actuary, June 1971 – volume 5 - Issue 6 reviews the Advisory Council on Social Security's 1971 report on Social Security and Medicare.

Description: These are comments made by a past president of the SOA in regards to an article written by Jean Sasseville reviewing the World Bank Policy Research Report.

Description: This is a discussion of the 1950 amendments to the Social Security Act. From Transactions of Society of Actuaries 1951, Vol. 3, No. 7.

Description: The paper reviews the demographic shifts, including improved life expectancy and the baby-boom/baby-bust cycle, of the past half-century and discusses their impact on the funding of pay-as-you-go paygo social security systems. From Transactions of Society of Actuaries 1995, Vol. 47.

Description: This meeting session, which occurred at the April 1982 Society of Actuaries meeting in Orlando, presented a discussion of U.S. Social Security issues. Questions discussed included: 1. What is the financial status of the Social Security program? 2. What changes have been recently adopted and what changes have been proposed? 3. How would these changes affect the private pension system costs and plan design? 4. What is the proper role of the actuarial profession regarding the Social Security program? Included discussion of the paper, Constant Replacement Ratios in Retirement: A Theoretical Approach,' by Barnet N. Berin and Anthony B. Richter.

Description: The book review states 'This monograph provides an independent overview of the assumptions and methodology behind the OASDI estimates made by the Social Security Administration. Such information has heretofore been available only in the annual reports of the Board of Trustees of the OASDI Trust Funds, in the Actuarial Studies issued by the SSA and in writings by individuals closely associated with the system.'

Description: This paper first summarizes the recent operations of the OASDI and Public Assistance PA programs. Then, the legislative history of the 1960 Amendments is presented in some detail, since proposals advocated unsuccessfully, or even passed by one House, often are embodied in subsequent legislation. Finally, the provisions of the OASDI system following the 1960 Amendments are summarized by categories, with particular emphasis on changes made and on financing aspects. From Transactions of Society of Actuaries 1960, Vol. 13, No. 36 AB.