The Buffin Foundation

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Social Protection and Personal Thrift

The French Institute of Actuaries will host an international actuarial colloquium in Paris in May with the theme Individual Choices facing Societal Changes. The organizers of this international colloquium have posed a question that represents a direct challenge to the global actuarial profession: “Can actuarial science bridge the gap between individual and collective choices?” At […]

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National Academy of Social Insurance Policy Initiatives for 2020

The National Academy of Social Insurance is a Washington-based nonprofit, nonpartisan organization whose membership comprises the nation’s leading experts on social insurance. The Academy’s mission is to advance solutions to national social and economic challenges and to increase public understanding of how social insurance programs contribute to economic security. Social insurance encompasses broad-based systems that […]

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A View from the European Central Bank

The European Central Bank (ECB) is the central banking authority of the euro zone that comprises the nineteen European Union (EU) member states that have adopted the euro as their common currency. The ECB was established in 1998 by the Treaty of Amsterdam; its headquarters are in Frankfurt am Main, Germany. The main task of […]

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The 2019 Nobel Prize in Economics

The 2019 Nobel Prize in Economics has been awarded jointly to Abhijit Banerjee, Esther Duflo and Michael Kremer for their work in development economics. In the mid-1990’s at Harvard University, Michael Kremer began studying the nature of poverty by the application of randomized trials, a technique that is commonly used in other fields of practical […]

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The IMF’s Current Global Perspective

The International Monetary Fund (IMF) held its annual meeting this month in Washington in collaboration with the World Bank. In a closing statement, the policy-setting committee for the 189-nation IMF commented that global growth should accelerate next year, although officials acknowledged that a range of factors could undermine that forecast, including continued trade disputes and […]

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Social Security 2100 Act: Modified Provisions and Updated Actuarial Cost Projections

The Social Security 2100 Act, which was previously discussed in the August 2014 edition of Commentary, has been modified and updated. This proposed legislation would strengthen the United States Social Security system, known as Old-Age, Survivors and Disability Insurance (OASDI), and would achieve 100% actuarial solvency based on financial projections for the next 75 years. […]