Description: The purpose of this paper is not to present a revolutionary new concept, instead, it is to reexamine a familiar concept in the light of new market circumstances and, to consider the consequences to the life insurance industry if the concept were adopted.

Description: This paper outlines the limitations inherent in current actuarial pricing techniques and describes a product development process that can produce optimal decisions in competitive environments. From Product Development Section Monograph, M-AS99-3.

Description: This paper examines how the cash balance plan design is related to the normal cost and accrued liability in the various actuarial cost methods, as well as the interaction of the economic assumptions in the valuation. The analysis will show that the traditional cost methods may understate the actual liability. The paper also presents an alternative cost method, along with its advantages and disadvantages. From Cash Balance Symposium Monograph, M-RS02-3.

Description: This paper provides some background about demography, health and retirement summarizes how current pension laws influence the design of pension plans and the timing of retirement and looks at the optimal retirement age from the perspective of employers, government and workers.

Description: This paper discusses and reaches the conclusion that baby-boomers and younger workers need to be told that their Social Security benefits will be substantially less adequate than those of today's retirees, and that they need to know now so that they have time to take appropriate actions to have more retirement income available from other sources. From The Old-Age Crisis - Actuarial Opportunities - The 1996 Bowles Symposium, M-RS99-1.

Description: This article briefly examines the life of 19th century actuary Charles Francis McCay. From The Actuary Vol. 24, No. 7

Description: This article is an assessment of the Society's current health and presents a direction how the SOA should move forward to the new century. Article from The Actuary, Volume 24, Issue 11

Description: This article explores how the SOA has advanced the knowledge of actuarial science through international partnerships and key communication. Article from The Actuary, Volume 24, Issue 11

Description: Article from The Actuary December 1993 Volume 27, No. 10 highlights Presidential address given at the annual meeting

Description: Article highlights changes in exams and education issues for the Society of Actuaries SOA. From The Actuary January 1993 Volume 27, No. 1.