Description: This article discusses the changes to the Social Security System that were enacted at mid-year 1972 in Public Law 92-336. Among the changes are the so-called 'automatic' provisions,' under which Social Security benefits are periodically increased in step with the Consumer Price Index, and the earnings base is concurrently increased in step with average earnings levels.

Description: Describes the OASDI / HI changes brought about by the enactment of H.R. 1 in late October of 1972 including modifications for the HMO Act.

Description: A summary of a preliminary report from the Committee on Valuation and Related Problems, on guidelines for quantifying balance sheet items in an insurance enterprise.

Description: This is a discussion of the preliminary report of the committee on valuation and related topics. The committee elected to commence its work by examining the fundamental principles of valuation. The traditional issues in the valuation of an insurance enterprise appear within this general framework. The objective of the committee's work is to measure the balance between assets and liabilities in today's volatile economy.

Description: This paper by Harry M. Sarason, presented at the Eastern Spring Meeting of the Society of Actuaries, held March 24-25, 1960 in Washington, D.C., and the ensuing discussion, considers how to dispel, in layman’s terms, the misconception that “an annuity for the expectation of life is the same as the average value of the life annuity.” From the 1960 Transactions Vol. 12, No. 33.

Description: This paper discusses Cecil Nesbitt's paper on elementary models of the reserve fund for OASDI in the United States. From the Actuarial Research Clearing House 1991, Vol.1.

Description: This is a discussion of the paper Fundamentals of Pension Funding by Charles L. Trowbridge. From Transactions of Society of Actuaries 1952, Vol. 4, No. 10.

Description: This is a discussion about computer modeling as a management tool. From Transactions of Society of Actuaries 1969, Vol 21 Pt. 2, No. 59

Description: Discusses extension of the current favorable tax treatment of employer-sponsored pension plans to additional groups and to employee contributions.

Description: Article from The Actuary, June 1986, Volume 20, No. 6, on actuarial research. Early movement in the research direction came in the '60s with the organization of annual Actuarial Research Conferences at campus locations, followed by the publication of ARCH, both under the sponsorship of what was then known as the Research Committee. The notable research development of the '70s was the formation of the Actuarial Education and Research Fund, a profession-wide attempt to encourage the development of new actuarial knowledge. In the early '80s the Society began to organize for a serious research effort, directed particularly toward the improvement of its experience studies.