Archive of 2011 October

The role of the actuary in healthcare reform Thumbnail

The role of the actuary in healthcare reform

SOA President Brad Smith talks about the role of the actuary in healthcare reform.

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26Oct2011
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gmaki
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General
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Profile of a health actuary: Kurt Wrobel

The Profile of an Actuary Series details the background, careers and inspirations of participants of the 2011 Society of Actuaries Annual Meeting, which was held October 16-19 in Chicago. If you would like to pose any questions for the participants after the meeting, leave a comment below. What originally inspired you to study to become an actuary?  After graduate school, I wanted to go into a profession where I could apply statistics to real-world business questions.  After doing some research, I thought that the actuarial field would be the best fit for this goal. (more…)

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Underfunding of public pension plans Thumbnail

Underfunding of public pension plans

Brad Smith discusses how actuaries must become part of the solution to the underfunding of public pension plans.

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24Oct2011
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gmaki
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General
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Profile of a retirement actuary: Ellen Kleinstuber

The Profile of an Actuary Series details the background, careers and inspirations of participants of the 2011 Society of Actuaries Annual Meeting, which was held October 16-19 in Chicago. If you would like to pose any questions for the participants after the meeting, leave a comment below. What originally inspired you to study to become an actuary? In high school, I thought I wanted to study math, but didn’t know quite what to do with it other than teach (which at the time held absolutely no appeal to me). I attended a math and science career day at a local college and learned from one of the math department presentations about being an actuary. Actuarial science’s combination of applied math, economics, finance, accounting and computer science sounded like it would be interesting, challenging and pretty much right up my alley. And I was right! (more…)

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19Oct2011
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grutgens
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Uniting the actuarial profession Thumbnail

Uniting the actuarial profession

By Bradley M. Smith, FSA, MAAA Depending upon your point of view, the actuarial profession is either “blessed” or "burdened” as the country faces societal problems that  have substantial actuarial components. These issues include the funding and potential reform of Social Security,  Medicare, and healthcare, and the underfunding of public pension plans. (more…)

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13Oct2011
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SOA Blog
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General
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12Oct2011
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SOA Blog
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11Oct2011
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SOA Blog
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Profile of a retirement actuary: Zenaida Samaniego Thumbnail

Profile of a retirement actuary: Zenaida Samaniego

A profile of retirement actuary Zenaida Samaniego.

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The Rising Tide of Pension Contributions Post-2008: How much and when? Thumbnail

The Rising Tide of Pension Contributions Post-2008: How much and when?

by Joseph J. Silvestri, Retirement Research Actuary Joblessness remains high. The stock market is jittery. And the economy is narrowly close to double dipping into recession. Against this backdrop of economic indicators, the Society of Actuaries undertook a research report to bring to light data on the aggregate contribution levels to single-employer defined benefit pension plans. Based on this analysis, we project annual aggregate contributions to the system will increase from approximately $66 billion (average annual contributions over the

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