As noted above, the move to actuarially
sound rates is likely to be painful due to the higher premiums that will be charged.
Peterson quotes Samuelson: "The beauty about social insurance is that it is actuarially
unsound." Samuelson's point was that if real incomes were growing quickly, each generation could get more out of Social Security than it paid in.
Insurance companies, in competitive markets, cannot charge actuarially
fair premiums because they incur operating costs, in addition to expected loss payout, that must be covered.
Citizens is required by law to recommend actuarially
sound rates while complying with a legislative glide path that caps rate increases at 10 percent, excluding coverage changes and surcharges.
Department of Health and Human Services (HHS) suspended efforts to set up the PPACA LTC program, the CLASS Act program, after reporting that they could not guarantee that the program would be actuarially
Have a pension funding policy that is based on actuarially
Charlie Crist signed a law allowing Citizens to increase rates up to 10% per year, giving the last-resort insurer a"glide path" to actuarially
Even though it cannot happen overnight, I have spoken with legislative leaders about the need to write policies that are closer to an actuarially
Regulatory experts assembled by [AM]BestTV at the RMS Exceedance 2019 conference, held in Miami, said new flood modeling should help move the market closer to actuarially
We, senior citizens from the private sector, do not wish to assail the contention of the SSS that its funds are not actuarially
sound to sustain the President's promise.
Just 12 failed to make the actuarially
required contribution in 2018, down from 16 in 2015, the report notes.
Fixed carrying costs associated with debt service, actuarially
determined pension payments and other post-employment benefit (OPEB) payments consumed approximately 12% of fiscal 2017 governmental spending.