Description: Book review for An American Philosophy of Social Security written by the chairman for the original Social Security Advisory Council and discusses the original and subsequent thinking about social security.

Description: People often describe the actuarial profession as dealing with risk. That is true, but in the case of life and health actuaries, another element may be even more important. It is the management of liabilities that accrue over time. For example, the liability associated with a group of individual life insureds increases as the group grows older.

Description: The article notes, as explained in Norman Solomon’s paper, TSA XV, 167, so-called windfall appropriations are required annually to finance dual benefits to which certain railroad workers became eligible under the Railroad Retirement Act in consequence of pre-1975 employment that entitled them to both Railroad Retirement and Social Security benefits. The author then notes that the Office of Management and Budget has arbitrarily reduced revised appropriations, and that “the actuarial profession should take a strong stand against this by-passing of actuarial determinations.”

Description: The article discusses the actuaries role regarding the recommendations made by the National Commission on Social Security Reform. That responsibility is to spread the word. To see that citizens within our reach know what the recommendations are and the need for Congress to promptly enact them into legistlation.

Description: President Smith's speech focuses on the need for actuaries to be better spokepeople and advocates for good sound improvement in social programs like Social Security, Medicare and Health Care reform.

Description: This presentation was made at the 1975 SOA Los Angeles Spring Meeting addressed the impact of ERISA on pensions.

Description: This is a collection of letters to the editor ranging from exam issues to probabilities to Medicare to stock prices and more.

Description: A Mexican actuary discusses his career, the challenges of different insurance markets in different cultures, the value of sharing knowledge across countries and across professions, and the latest public policy regarding solvency models.