Description: This session discussion is about the financial implications on social insurance, pensions and post-retirement health care. From Record of the Society of Actuaries Vol. 14, No. 4B.

Description: This paper suggests that two opposing pressures are at work in the United States. One is the limit to the number of retired adults that the nation can support. The other is the growing diversity of needs and desires of older people and employers. These two opposing pressures will frame the issues of the future.

Description: This article is a review of “1972 Lifetime Earnings by Age, Sex, Race, and Education Level, Research and Statistics Note No. 14-1975,” published by the Social Security Administration, which presents detailed data by quinquennial age groups, sex, race, and years of school completed as to the present value of future earnings based on static earnings levels 1972. It is stated that such data can be used for general analytical purposes to form policy, for court determinations of awards in damage suits, and for cost-benefit analysts in such areas as disease prevention and education programs. The author of this article notes in his analysis the inconsistency of the static salary assumptions with a range of interest rates from 2% to 8%.

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: In the face of profound, worldwide changes in demographic, family, and lifestyle patterns, this paper introduces a dynamic social security system deemed most suitable for accommodating these changes.

Description: A discussion of pension reform in China at the time of the July 1997 introduction of a new unified pension system.

Description: The purpose of this paper is to identify the changes in the structure and composition of families and to discuss the implications of those changes for Social Security reform.