Description: The author encourages the use of sound actuarial principles to develop reasonable retirement spending budgets instead of rule of thumb approaches commonly used.

Description: Chairperson’s column discussing the state of the world today and how that influences investment strategies and describes to seminars the section sponsored to keep members apprised of changes.

Description: Article Book Review The Future Of Risk by Calvert in The Actuary, December 1979, Volume 13, Number 10

Description: This paper takes the position that a retirement plan should not be evaluated differently than other financial arrangements, and, therefore, its value should be measured through a utility function. The paper then suggests a method of incorporating utility theory into the retirement plan design model. From Current Pension Actuarial Practice in Light of Financial Economics Symposium, M-RS04-1.

Description: This paper establishes the need for home equity conversion schemes for the elderly. It then provides a review of literature pertinent to reverse mortgages paying particular attention to the different types of reverse mortgages and their associated risks. In an attempt to better quantify the general appreciation risk faced by financial institutions issuing reverse mortgages, ARIMA techniques are employed to model Canadian house prices in both current and real dollar terms.

Description: Proposes a benchmark consisting of TIPs and deferred income annuities for retirement asset allocation decisions.

Description: Article The 1979 Annual Report of the Trustees Of the U.S. Social Security Programs by Bartlett in The Actuary, June 1979, Volume 13, Number 6