Description: This paper discusses whether the use of relatively risk-free discount rates are appropriate under assumptions of substantial continuation of plan design and greatly increasing per capita payments, when the plan sponsor can dramatically change future cash flows. From Current Pension Actuarial Practice in Light of Financial Economics Symposium, M-RS04-1.

Description: This paper presents an approach to analyzing continuing care retirement community CCRC data and demonstrates the methodology by using data from a CCRC. From The Old-Age Crisis - Actuarial Opportunities - The 1996 Bowles Symposium, M-RS99-1.

Description: This paper discusses the underlying nature of the Social Security program, certain erroneous views of the program, various Advisory Council proposed solutions to the long-range financing problems, and the probability that no solution stands any chance of being enacted. From The Old-Age Crisis - Actuarial Opportunities - The 1996 Bowles Symposium, M-RS99-1.

Description: This paper discusses and reaches the conclusion that baby-boomers and younger workers need to be told that their Social Security benefits will be substantially less adequate than those of today's retirees, and that they need to know now so that they have time to take appropriate actions to have more retirement income available from other sources. From The Old-Age Crisis - Actuarial Opportunities - The 1996 Bowles Symposium, M-RS99-1.

Description: Taxes and Fees Introduced by the ACA

Description: A compilation of feedback from actuaries in the Health Section of the affects of the ACA.

Description: Feature article describing how to use advanced predictive analytics for rate making in the insurance industry.

Description: The problem begins with the fact that we actuaries as a profession are declining in relevance in today’s business. This is not to say that what we have done is wrong or inappropriate, but rather the market around us is changing so fast that our old assumptions are no longer valid in the new environment.

Description: The Actuary of the Future Section launched The Ambassador Program in August 2002. The objective of this program is to support the mission of the Actuary of the Future Section in facilitating actuarial employment in new businesses and industries. To accomplish this objective, the program is designed to provide actuaries with information and answers to questions about opportunities in non-traditional fields.

Description: The author defines what a personal actuary is, provides examples of the typical work of a personal actuary and outlines some of the sections current initiatives.