Description: This paper consists of two parts. The first concerns the financing of public systems, the second is a challenging introduction to variances encountered in life insurance and life annuity theory. The first part emerges from work by some actuarial students and faculty at the University of Michigan during the past five years. The second part was stimulated by some developments in the preparation of the second edition of Actuarial Mathematics.

Description: This dissertation is about methods for assessing mortality risk in regard to insurance and annuity transactions. Although the basic methods and formulas are general, most of the applications made here deal with life annuity transactions, with particular emphasis on pension situations.

Description: This paper explores and develops some initial ideas of roll-forward reserve funding of Social Security. It reports on the work of actuarial students and teachers for an 8-week study period coordinated with the National Science Foundation program of Research Experience for Undergraduate grants. From Actuarial Research Clearing House 1994, VOL. 1.

Description: This paper contains personal reflections by Cecil Nesbitt of his 60 years as an actuarial student, teacher, practitioner and researcher to highlight actuarial highlights in North America since 1900. This article is not intended to be a definitive history of actuarial science developments in North America since the beginning of the century. Instead, readers should turn first to 'Actuarial Mathematics' [Proc. Symp. Appl. Math. 35, 1986] and peruse it alongside this article to gain detailed, introductory overviews of the diverse actuarial models that will be mentioned in this paper. The non-exhaustive list of references at the end of this paper is selected to aid such review by pointing the way to other more complete lists in regard to various topics mentioned herein. From Actuarial Research Clearing House 1990, Vol.1.