Description: This 1978 teaching session provided a basic primer on the design of the OASDI benefit formula. Areas covered included: 1. The Decoupling issue 2. The Average Indexed Monthly Earnings 3. The Primary Insurance Amount formula 4. The Indexing procedure 5. Transition arrangements 6. The Short Service problem 7. Replacement Ratio considerations 8. Impact of Wage Base changes 9. The Retirement Age and Retirement Test.

Description: This panel discussion session focuses on the financial security of retirees including examining the role of personal savings in meeting the financial security needs of retirees. From Record of Society of Actuaries 1980, Vol. 6, No. 4.

Description: The authors comment on James C. Hickman's paper about the Social Security decoupling issue. Decoupling generally refers to the separation of the procedures used to determine benefits for future recipients from those that adjust benefits for current recipients.