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: These are the discussant comments for the concurrent session 4A: Longevity in the Public Eye from the January 4-6, 2017 Living to 100 Symposium in Orlando.

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: 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 attempts to gather information regarding various components of the Canadian retirement income system, and to quantify the impact on the system of unanticipated morality improvements, particularly at age 65 and over, and of lower than expected equity returns. From 2005 Living to 100 and Beyond Monograph, M-LI05-1.