Description: This presentation defines the risks in the context of pension plans and reviews their relationship. From 2000 ARCH, Quebec City, Canada., January 2000.

Description: This paper explores the relationship between the Wealth Transfer Index, a statistic defined by Brown and Bilodeau 1997, and retirement age, which is the age at which the workers in an economy cease to be economically productive. There appears to be a strong positive correlation between the Wealth transfer Index and retirement age based on Canadian historical data.

Description: A serious problem facing the actuary when his or her company converts to on line transactions processing is that of how to minimize human errors. This paper explains how the availability of the various reserve and cash value factor files in an on line environment permit better checking than has been possible in the past.

Description: The projection methods used by the Social Security Administration's Office of the Chief Actuary are important. The resulting projections are cited regularly by policy-makers, academics and others interested in the long-term financial solvency of the OASDI system. However, a complete description of this projection methodology that is vital for serious policy discussions is not available to the general public. This summary was constructed in connection with the Social Security Advisory Board's 1999 Technical Panel on Methods and Assumptions. A goal of the Methods and Modeling working group of the Technical Panel was to 'work to ensure that the projection methods used by the Office of the Chief Actuary become more public.' From Actuarial Research Clearing House 2000, Vol. 1.

Description: This paper solves the pension benefit allocation problem using an extremely simple accounting approach. It presents a simple accounting argument, which says that the cost for like units of production should increase at the rate of inflation. If we assume that the appropriate units of production for an employee are inflation-adjusted salary, this rationale leads to projected unit credit with the benefit apportioned by interest-adjusted salary [PUCIAS] as the appropriate funding method for pensions. This same rationale can be extended to post-service medical care funding. For post-service medical care, however, the rationale does not lead to PUCIAS, since the rates of inflation for medical care and salary do not cancel. There is also a question whether inflation-adjusted salary should be used as the units of production for post-service medical care. When it is, it is still important avoid aggregating groups with different salary and promotion patterns. When it is not, the widget accounting arguments still hold as far unit costs increasing with the rate of medical care inflation.

Description: This presentation addresses the causes of cheating while encouraging student learning and growth.

Description: This paper reports on the dimension and direction of the economic changes in Eastern Europe, states the need for actuarial training and services in the new political landscape, and outlines some ways of meeting the demand. From Actuarial Research Clearing House 1991, Vol. 1.

Description: This paper is a theoretical examination of the structure of the property-casualty insurance industry using economic theory to compare companies with agency distribution versus direct distribution. The purpose of the paper is to justify the existence of both types of distribution systems in equilibrium.

Description: One of the most important influences on the development of an insurance market and on the development of professions, such as the actuarial profession, is the nature of regulation. This paper looks at four main economic models of regulation: 1. Market socialism, 2. Freedom with publicity, 3. Public interest, and 4. Public choice theory. The role of profession and other sophisticated products of the market order are also analysed.

Description: This is the programme of the 24th Actuarial Research Conference. From the Actuarial Research Clearing House 1990 Vol. 1.