Description: Our society has made promises with respect to retirement, care of the aging baby boom generation, and debt repayment that in total cannot be met. We will need to break some of these promises.

Description: An overview of reinsurance training class provided to the Bermuda Monetary Authority (Authority) and Central Bank of Trinidad and Tobago (Central Bank) covering all aspects of reinsurance. Article also provides an overview of initiatives that the two regulators (Authority and Central Bank) are involved with.

Description: Diverse Risks 2016 Call for Essays

Description: Assesses the impact of ACA on public financing of all health and disability benefits - Medicare, Medicaid, Exchanges

Description: A comparison of Social Security benefits, for a hypothetical new entrant to the program, between the 1972 Social Security Act and the 1977 Social Security Act.

Description: This article is the second in a two part series that summarizes a longer paper that can be downloaded from the website of the Social Insurance and Public Finance Section. Both articles take the form of a point-counterpoint dialogue addressing important aspects of social insurance programs. The first part discussed their nature, desirability and advantages, as well as whether they can form a framework to achieve sustainable inter-generational equity. This article focuses on whether pre-funding of a social insurance program can occur and can contribute to the financial security of the participants. Fundamental differences of opinion exist regarding these programs, not only due to different personal and political values, but also as a result of the viewpoint taken (for example, assessment of the program in isolation, consideration of the sponsoring government's financial situation, or the overall national economy).