Contingencies Online - November/December 2009

Departments

VOL 21 | NO 6

Published by

insiDe track .............................. 6 speak Up

Linda Mallon

letters ................................... 8

commentary............................. 18 social security and intergenerational equity Thomas H. Shelby iii

up to coDe .............. 22 the Carol of the Bells Robert J. Rietz

policy Briefing. . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Here Come the feds

Nancy Bennett

WorksHop ............................... 76 moving toward effective Capital forecasing Tara Hansen

traDecraft .............................. 78 taking financial Planning to the next level— effective Cost-allocation strategies Kevin Bingham, Kim Mitchell & Leo Palmer

statistical miscellany ................... 82 recession is Changing the Workforce

cryptic puzzle.............. 84 Hexagons Tom Toce

PRESIDENT
Ken Hohman

EXECUTIVE DIRECTOR Mary Downs

COMMUNICATIONS DIRECTOR Steven Sullivan

EDITOR AND ASSISTANT DIRECTOR FOR PUBLICATIONS
Linda Mallon

PUBLICATIONS & MARKETING PRODUCTION MANAGER
Cindy Johns

ADVERTISING
Mohanna Sales Representatives
(972) 596-8777

DEPARTMENT EDITORS
Thomas L. Bakos
Sam Gutterman
Mark Danburg-Wyld
Richard T. Zatorski

PUBLICATION DESIGN & PRODUCTION
Bono Tom Studio Inc.
www.bonotom.com

EDITORIAL ADVISORY BOARD
Julia T. Philips, Chair
Dwight K. Bartlett III
Robert L. Brown
Frederick W. Kilbourne
Barbara J. Lautzenheiser
Bruce D. Schobel
Susan E. Witcraft

INTERNET ADDRESS
www.contingencies.org

puzzles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86 goo goo ga Joob

Mark Danburg-Wyld

enD paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88 What makes sam run?

Sam Gutterman

Contingencies (ISSN 1048-9851) is published bimonthly by the American Academy of Actuaries, 1850 M Street, NW, Suite 300, Washington, DC 20036- 5805. For subscription information and customer service, contact the Contingencies subscription department at the address above or (202) 223-8196. Advertising offices Mohanna Sales Representatives, (972) 596-8777, info@ mohanna.com. Periodicals postage paid at Washington, DC, and at additional mailing offices. BPA circulation audited. (Basic annual subscription rate is included in dues. Nonmember rate is $24.)

Copyright 2009. All rights reserved. This magazine may not be reproduced in whole or in part without written permission of the publisher. Opinions expressed in signed articles are those of the authors and do not necessarily reflect official policy of the American Academy of Actuaries.