The Buffin Foundation

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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. […]

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In Times of Trouble

Johann Wolfgang von Goethe observed that “history is a great fugue in which the voices of nations one after the other emerge”. The Roman Empire with its classical civilization was dominant some two thousand years ago until its ultimate collapse in the fifth century. Europe was the center of culture and enlightenment in the period […]

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China’s Belt and Road Initiative

The Belt and Road Initiative (BRI) was established by Chinese President Xi Jinping in 2013. BRI consists of the Silk Road Economic Belt and the 21st Century Maritime Silk Road. It aims to boost connectivity along and beyond the routes of the ancient Silk Road. BRI engages with sovereign nations and international organizations in collaborative […]

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The Changing Nature of Work

According to the World Bank’s 2019 World Development Report, advances in technology provide opportunities to create new jobs, increase productivity, and deliver effective public services, while generating new economic sectors and new kinds of tasks. As a result of these developments, automation and innovation are significantly influencing the nature of employment. Transformative technologies are expected […]

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The 2019 Social Security Trustees Report

The 2019 Annual Report of the Trustees of the Federal Old-Age and Survivors Insurance and Disability Insurance (OASDI) Trust Funds presents information regarding the financial status of the U.S. Social Security system. The Board of Trustees is composed of six members: Secretary of the Treasury, Secretary of Labor, Secretary of Health and Human Services, Commissioner […]

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Global Actuarial Research and Consulting Opportunities

The actuarial profession had its a minimis incipe moment in 1848 in London when a small group of individuals who were engaged in insurance met to discuss the need for a professional association and agreed to principles for the basis from which the Institute of Actuaries was developed, ultimately gaining formal recognition by the grant […]