Laurence Shatkin, a career expert and the author of 150 Best Recession-Proof Jobs, said the actuarial professional is "resistant to the economic downturn."
An Academy spokesman discussed the benefits of delaying collecting Social Security benefits. He said, "Waiting until age 70 gives you a much bigger income for the rest of your life -- no matter how long you live, no matter how bad the stock market. And your payment goes up with inflation."
The National Association of Insurance Commissioners honored Academy board member Larry Bruning, the chief actuary of the Kansas Department of Insurance, with the Robert Dineen Award.
Risk management principles central to business strategy
Academy President William Bluhm's written testimony provided to the U.S. House Financial Services Committee regarding the future of oversight and regulation for the financial services industry discussed.
Four actuaries take on the Social Security problem
Andrew Biggs, the former deputy commissioner of the Social Security Administration, explores a feature in the November/December 2008 issue of Contingencies. The feature includes four actuaries' perspectives on how they would redesign the Social Security system.
Agency that protects pension plans may be in jeopardy
