Guest Carol the Writer Posted August 2, 2004 Posted August 2, 2004 You've all heard the expression, "If you can read this, thank a teacher." Here is another one: "If you have (or can look forward to) a pension, thank an actuary!" This was my own creation. - Carol Caruthers
Kirk Maldonado Posted August 2, 2004 Posted August 2, 2004 I don't think that saying will be widely adopted by at least some of the employees of United Airlines. Kirk Maldonado
Effen Posted August 2, 2004 Posted August 2, 2004 Are you implying that the actuary is to blame for UA's pension problems, like Arthur Anderson was responsible for Enron? The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice.
Guest Carol the Writer Posted August 2, 2004 Posted August 2, 2004 No, of course not. But if the creature called an Enrolled Actuary did not exist, there would be no private pension system. Actuaries are not responsible for downturns in the stock market, or for recessions (depressions) in selected industries. But in most of the small plan arean (where I work) the actuary is an inescapable cog in the wheel of providing pensions. I guess that's true throughout the defined benefit industry - large or small, pubic or private.
Blinky the 3-eyed Fish Posted August 2, 2004 Posted August 2, 2004 Actuaries stink like fish! "What's in the big salad?" "Big lettuce, big carrots, tomatoes like volleyballs."
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