Description: This is an article explaining the options employers have under the Medicare Part D, or the Prescription Drug Improvement and Medicare Modernization Act - MMA - that took effect in January 2006. The article discusses 4 options under the MMA with the advantages and disadvantages of each.

Description: Feature article describing the need and reasoning for the new SOA Section, Social Insurance and Public Finance.

Description: Provides background about Prescription Drug Plans, PDPs, and the standard benefit package offered under Medicare Part D. It also provides a basic overview of the bid-development process for a PDP and summarizes some general strategies and observations used in developing the 2006 bids that will likely be used for 2007.

Description: Summarizes the Medicare Prescription Drug, Improvement and Modernization Act of 2003, MMA. Focuses on changes to the Medicare Advantage, MA, program and the market reaction to date.

Description: This is an article about the lack of savings by the baby boomers and how it will affect retirement and the ramifications for Social Security. The author believes that baby boomers will choose to continue to work and alleviate some of the burden on social security.

Description: An article from The Actuary that highlights Stephen C. Goss, chief actuary at the Social Security Administration, who was recently awarded the National Academy of Social Insurance's NASI first ever Robert M. Ball Award for outstanding achievements in social insurance. According to NASI, Goss exemplifies 'public service' at its very best. The Actuary asked Goss if he could give a little more of himself and answer some questions about his career, which, of course, he did.

Description: The book, 'Individual Accounts for Social Perspectives on the U.S. Debate' by John Turner, is reviewed in light of recent congressional failure to reform Social Security and in light of a survey of actuaries that produced divergent views on the subject [link to survey included].

Description: The article summarizes a survey conducted by the Pension Section's Research Team. Nearly 2,400 actuaries responded with answers that ranged from abolishing the system to expanding the program to include all workers. The question, What changes, if any, should be made to the current system? is recapped.