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Announcements
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2011 volunteer survey closes at midnight, Friday, July 15
As a volunteer-driven organization, the Academy provides a wide variety of opportunities for actuaries in every practice area to get the most from their membership. As a member, you have the opportunity to work on public policy and professionalism issues and to build a rewarding, enriching career through volunteering. You can begin—or build upon—your volunteer work with the Academy by taking a moment now to respond to this year’s volunteer survey, which is available on the members-only section of the Academy website.
Media Coverage
Insurance & Financial Advisor, July 15, 2011
Academy Public Interest Committee Chairperson Tom Terry’s testimony to the U.S. House Committee on Ways and Means Subcommittee on Social Security was discussed. Terry testified to a congressional panel that actuaries support restoring actuarial balance to Social Security by increasing the program’s retirement age to account for longevity improvements.
Chicago Tribune, July 15, 2011
Tapping into your pension could cost you more than you think—and not only from taxes. Evan Inglis, chairperson of the Joint Pension Finance Task Force of the Academy and Society of Actuaries, said that a worker also should consider how much he or she could earn by leaving the pension intact—through investment growth and from future annuity payments, if converting the pension into a lifetime income stream.
News Releases
Website: New Postings
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The Academy conducted a Capitol Hill briefing on July 12 on the current challenges facing the National Flood Insurance Program (NFIP) and the actuarial implications of these challenges. Speakers gave a presentation on the history of the NFIP and discussed possible reform options that addressed the program’s long-term financial soundness. Download the presentation. Download the Academy’s monograph, The National Flood Insurance Program: Past, Present…and Future?
Upcoming Events
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The Academy and Society of Actuaries are presenting a webinar on July 20 that will provide an overview of recent, significant changes to International Accounting Standard No. 19 (IAS 19), the International Financial Reporting Standard (IFRS) for pensions and other employee benefits. In addition to an in-depth discussion of the key provisions of the new standard, presenters will provide background on the purpose of these accounting changes, how the new IAS 19 will differ from U.S. GAAP, and what the changes may mean for U.S. plans and their sponsors as the SEC considers moving toward IFRS.
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Registration is open for the 2011 Academy Annual Meeting and Awards Luncheon, which will feature a keynote address by statistician Nate Silver. Silver is the founder of fivethirtyeight.com, a political blog offering polling analytics. Silver’s blog is now a licensed feature of the New York Times. This year’s event will be held at the JW Marriot Las Vegas Resort & Spa on Oct. 24 in conjunction with the Conference of Consulting Actuaries Annual Meeting. Learn more about the program and registration here.
Note: Some links in this e-mail go to external websites and may require registration. The Academy is not responsible for the content of these websites. Links may expire.
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