By the Academy’s Committee on Professional Responsibility
The article below—originally released by the Academy’s Committee on Professional Responsibility in November 2021— is intended to help actuaries think proactively about professionalism and how to explain its importance to the work they do and the stakeholders they serve. We are republishing it here to amplify this important message.
By Eric Klieber
Created in 1935, in the depths of the Great Depression, Social Security (officially the Old Age, Survivors and Disability Insurance System) was initially motivated primarily by a desire to provide economic relief for those deemed unable to work due to old age and thus unable to benefit from the new Unemployment Insurance program or from New Deal programs providing jobs for the unemployed, such as the Works Progress Administration and Civilian Conservation Corps.
By Eric P. Harding
Astute readers (are there any others for Contingencies?) will recall January/February’s Inside Track, “A Magazine for the Whole Profession,” in which my New Year’s resolution was to make your magazine feature more diverse voices for an increasingly diverse actuarial profession—with more voices that aim to represent the profession as a whole, both as it exists now and as we hope it will exist in the future.