Description: This article discusses Internal Revue Code, ‘IRC,’ Sections 7702 and 7702A with respect to the implementation of the 2001 CSO Mortality Table, which must be used in the calculations for policies issued on or after January 1, 2006. “The insurance industry has requested guidance from the Treasury Department and the Internal Revenue Service on the proper application of the current computational rules to the 2001 CSO Mortality Table but, to date, such guidance has not been provided. Therefore, the Taxation Section established the 2001 CSO Maturity Age Task Force, the members of which authored this article, to propose methodologies that would be actuarially acceptable under Sections 7702 and 7702A of the Code for calculations under contracts that do not provide for actual maturity before age 100.” This article summarizes the task force recommendations.

Description: Social Security Disability Insurance DI experience in 1980 is continuing most recent trends, but changing somewhat in a few others.

Description: A description of the changes to Social Security that will occur in 2020.

Description: Description of program parameters for next year.

Description: Summary of changes in Social Security program parameters effective in 2018

Description: Commentary from section chair

Description: Here are the themes that I plan to address in more detail over the next year—our education and examination program; more meaningful partnerships among the various actuarial organizations, especially in the United States; and increased transparency.

Description: Feature article explaining voluntary Social Security coverage of state and local government employees.

Description: Description of Social Security COLA for December 2020 and wage-indexed program parameters for 2021.

Description: Every October, the U.S. Social Security Administration announces certain changes in programamounts that occur automatically—that is, without any new legislation being necessary.