actuarial Category
Memory Monday: September/October 1918 - the Spanish Flu Arrives in the U.S.
by meep
The timing of the Spanish Flu pandemic in the U.S. is that it originated in a U.S. Army training camp in the spring of 1918… but that wave wasn’t too harsh… then the men went over to Europe.
In September 1918, as the allied powers were winning, and some soldiers were...
Actuarial Stuff: Mergers, Bootings, and Secrecy (oh my!)
by meep
I am about to do a dive into actuarial doings, some of which has to do with pensions, a lot of which doesn’t, and some things that even most actuaries don’t care about.
Don’t say I didn’t warn you.
SOA AND...
Geeking Out: Are Women Really Receiving Lower Social Security Benefits?
by meep
Last week, I graphed out retired worker Social Security benefits… and it culminated in this graph:
Look at that — women are paid less!
Well, duh. When it’s based on women’s own work history, and women tend to have lower earned income than men… of course they’ll have lower benefits.
Actuarial Standards of Practice on Pensions: ASOP 4 - a Call for Comments
by meep
This is going to be extremely actuarial, and not involving animated gifs. You have been warned.
There are a couple different exposure drafts out now for Actuarial Standards of Practice, which apply to credentialed actuaries in the U.S. I’m going to concentrate on one.
Actuarial Standard of Practice 4 has...
RIP, Jeremy Gold: An Actuarial Memorial
by meep
This post is in memory of actuary Jeremy Gold, who died earlier this month.
Not many actuaries receive obituaries in both the Wall Street Journal and the New York Times.
WSJ – Jeremy Gold Shook Up Pension World With Warnings About Risks
The brusque actuary said funds underestimated liabilities
In the sedate...
Mornings with Meep: Happy Bobby Bonilla (and Bruce Sutter) Day!
by meep
It's July 1, time for Bobby Bonilla Day! In here, we also find out about the guy who made an even better deal in terms of guaranteed interest.Mortality Monday: Cause of Death, 2014
by meep
I’m going to do something non-actuarial for a moment (or not-all-that-actuarial) and take a year’s worth of death records and slice them in odd ways.
As actuaries, we generally want to look at meaningful rates — mortality rate by age, sex, etc. — and sometimes incidence of cause tied to those...
Geeking Out: How Dependable are Lottery Revenues? And Government Data Sources?
by meep
This is following some thoughts I had from Thursday’s New Jersey stupid idea post.
So I went searching for a data set, and here is a page that has info on lotteries. I had to do some searching around, but I got the lottery data for New Jersey,...
Mortality Monday: Pension Plan Mortality
by meep
This is not for public pensions, by the way. But I’ll use a life expectancy calculator I wrote over a decade ago… so there’s that!
Two recent items:
Updated mortality tables are raising concerns:
Contribution increases, higher liabilities likely; delay attempt underway
Updated mortality tables expected this year from the IRS...
Geeking Out: Testing Chicago MEABF to Destruction
by meep
What follows is an intellectual exercise to explore the space of an extremely simple cash flow model, and seeing if we can learn anything thereby. Yes, this is very artificial. But we’ll dig and see the point of this exercise.
Before I begin, let me thank my referrers:
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17, Oct 2018
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- @gilgalanti @JeffJohnson_5th There is some of that, but for many of the plans in trouble, (such as in Illinois, Ken… t.co/W2SyfPl1Bc Oct 17, 12:40 PM
- @VRoa1001 @JeffJohnson_5th Yup. And it doesn't require -new- active members to pay for the retired members... if t… t.co/W0mrxyeDzf Oct 17, 12:39 PM
- @JeffJohnson_5th Yes, 30 years of each of the members' working lives. If a single person contributed over 30 years… t.co/Fr2U3DL1BI Oct 17, 06:24 AM
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