Description: Estimation of hazard rates at extremely old ages poses serious challenges to researchers: 1 The observed mortality deceleration may be at least partially an artifact of mixing different birth cohorts with different mortality heterogeneity effect 2 Standard assumptions of hazard rate estimates may be invalid when risk of death is extremely high at old ages 3 Ages of very old people may be exaggerated. In this paper we propose an alternative approach, which gives an opportunity to resolve the first two problems by compiling data for more homogeneous single-year birth cohorts with hazard rates measured at narrow monthly age intervals. Possible ways of resolving the third problem of hazard rate estimation were elaborated.

Description: Industry briefings and SOA news

Description: Summary of the financial projections shown in the 2013 Social Security Trustees Report.

Description: During the SOA’s recent Living to 100 Symposium, one of the sessions that got me thinking much more deeply about the financing of public retirement plans was titled “Mortality Age Patterns: Trends and Projections.”

Description: The standard for measuring retirement income adequacy has been the final earnings replacement rate (usually targeted at 70%). But - does it work?

Description: HI Trust Fund: Actuarial Methodology and Principal Assumptions from Pension Section News, November 1998, Issue No. 38.

Description: This excerpt from the 2001 Annual Report of the Board of Trustees of the federal Old Age and Survivors Insurance and Disability Insurance Trust Funds presents the assumptions and methods underlying the actuarial estimates.

Description: The work of the Society of Actuaries’ Committee on Post-Retirement Needs and Risks—including focus groups and Risks and Process of Retirement Surveys—offers important insights into when, how and why people retire.

Description: A glossary of terms.

Description: Essay reforming healthcare where participants have a vested interest in reaching the best answer.