Office of the Chief Actuary

The Office of the Chief Actuary is an organizational entity within both of the governments of the United States and Canada. The Office has responsibility for actuarial estimates regarding social welfare programs like Social Security (United States) and the Canadian Old Age Security System. A comparable organization exits in the United Kingdom called the Government Actuary's Department (GAD)

United States

The Office of the Chief Actuary (OCACT) plans and directs a program of actuarial estimates and analyses relating to SSA-administered retirement, survivors and disability insurance programs and to proposed changes in those programs. It evaluates operations of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund, conducts studies of program financing, performs actuarial and demographic research on social insurance and related program issues, and projects future workloads.

In addition, the Office is charged with conducting cost analyses relating to the Supplemental Security Income (SSI) program, a general-revenue financed, means-tested program for low-income aged, blind and disabled people. The Office provides technical and consultative services to the Commissioner, to the Board of Trustees of the Social Security Trust Funds, and its staff appears before Congressional Committees to provide expert testimony on the actuarial aspects of Social Security issues.

As of May 2015, the Chief Actuary of the U.S. Social Security Administration is Stephen Goss.^[1]

References

↑ http://www.msn.com/en-us/money/markets/harvard-study-social-security-in-far-worse-shape-than-official-numbers-show/ar-BBjqlj1

Social Security (United States)

Key articles	History of Social Security Social Security Administration Social Security number

Assistance programs	Disability Determination Services Retirement Insurance Benefits Social Security Disability Insurance Supplemental Security Income Temporary Assistance for Needy Families Ticket to Work Unemployment benefits

Health care	Medicaid Medicare SCHIP

Law	Disability fraud FICA Revenue Act of 1942 Social Security Act Social Security Amendments of 1965 Social Security Death Index Social Security Trust Fund Windfall Elimination Provision

Other	Legacy debt Numident Office of the Chief Actuary Primary Insurance Amount Social Security debate (United States) Social Security Wage Base Years of coverage

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