It’s Time to Nominate Academy Member-Selected Directors
Academy members are invited to submit nominations for Academy member-selected directors, who are elected to the Academy Board of Directors by Academy membership in an online election from a slate of candidates presented by the Nominating Committee. The committee will meet in the coming weeks to identify new candidates for regular directors in accordance with the criteria provided in the Nominating Committee guidelines. Nominations are due by May 31-please review the criteria and how to submit nominations in the Academy’s Board Election Center.
Save the Date-Academy Annual Meeting Set for Nov. 2-3
Save the date for the Academy’s 2022 Annual Meeting-an event that connects actuaries in all practice areas with key stakeholders from the nation’s capital and beyond-which will be held Nov. 2-3 in Washington, D.C. As always, the event will offer ample opportunities for networking, knowledge sharing, continuing education, and engaging directly with those “in the trenches” making decisions that affect your work. The two-day event will be held at the Metro Center Marriott in Washington, D.C. More details and registration information will be forthcoming soon.
PPC Hosts ‘Hill Visits’ With Federal Lawmakers, Policymakers
EBSA’s Ali Khawar at a Tuesday Pension ‘Hill Visit’ session
The Pension Practice Council (PPC) hosted “Hill Visits” Monday and Tuesday-virtual meetings with policymakers on Capitol Hill and federal agencies in the nation’s capital. Almost two dozen volunteers and Academy staff participated in about 20 meetings, and the members of the PPC and its committees discussed their work and shared their expertise on issues of interest to legislators and policymakers including Social Security, retirement policy, and pension plan reforms. In addition to congressional staff from key committees, volunteers met with the Congressional Research Service, the Government Accountability Office, and the Department of Labor’s Employee Benefits Security Administration (EBSA), including with EBSA Acting Assistant Secretary Ali Khawar, who presented in an Academy pension webinar in March. “In these productive meetings, the PPC covered a lot of ground, offering an actuarial voice in important public policy pension issues,” said Academy Pension Vice President Sherry Chan.
Register Now for the Academy’s May Webinars
The Academy will host several webinars in May that will offer valuable continuing education (CE) credit opportunities.
May 4: Life Policy Webinar Next Week-Join us for “Academy Life Practice Webinar-Spring 2022 Policy Update,” which will look at current public policy activity in life insurance issues. Updates will include: NAIC’s H Committee (Innovation, Cybersecurity, and Technology), high-yielding asset actuarial guideline for asset adequacy analysis, the economic scenario generator field test, and the Academy’s Model Office for the economic scenario generator project. The webinar is next Wednesday, May 4, from noon to 1:15 p.m. Register today. May 12: ASOP No. 11 Webinar (Life/Health)-Join us for “The Revised ASOP No. 11: Understanding Important Changes,” the third installment of this series on recently revised ASOPs, which will look at ASOP No. 11, Financial Statement Treatment of Reinsurance Transactions Involving Life or Health Insurance. It will be held on Thursday, May 12, from noon to 1:30 p.m. EDT. Register now. May 24: Health Webinar to Offer COVID-19, Health Spending Expertise-“Health Spending Projections in the Wake of COVID-19” will feature presentations by COVID-19 subject-matter experts who will provide information on how the pandemic has affected national health spending and is projected to affect near-term spending, including an overview of newly released national health expenditure projections. It will be held on Tuesday, May 24, from noon to 1 p.m. EDT. Register today.
 Latest ‘Actuary Voices’ Features Life VP Ben Slutsker
The latest episode of “Actuary Voices” features a conversation with Ben Slutsker, who became Academy life vice president in November. Slutsker traced his actuarial professional evolution in the public and private sectors, and talked about the recent arrival of his first child, a daughter. Listen to the episode here or on your preferred podcast platform-and don’t forget to subscribe so you can listen to new episodes as they are released.
Recently Released
 The April Actuarial Update highlights the Academy’s 2022 Annual Meeting dates, and includes coverage of recent professionalism webinars on revised actuarial standards of practice (ASOPs); the Academy’s presentation on diversity, equity & inclusion at the Drake Symposium on Insurance; this month’s health webinar and a preview of May’s; the ‘Member Spotlight’ on health volunteer Zerong Yu; and the ‘Professionalism Counts’ column on “Precept 10: Courtesy & Cooperation.”
The Spring ASB Boxscore covers recent Actuarial Standards Board (ASB) activity, including adoptions of revisions to ASOP Nos. 4 and 18, approval of exposure drafts of proposed revisions to ASOP Nos. 10 and 29, a look at ASB committee activity, and a preview of its next scheduled meeting in June.
Public Employment Opportunity
The U.S. Department of Defense (DoD) Office of the Actuary is seeking an actuary to work in its Alexandria, Va., office. The DoD Office of the Actuary provides actuarial expertise on all matters relating to military compensation and benefits. Among other duties, this role will be responsible for developing and actuarially evaluating alternatives, hypotheses, and theories about military benefits in the areas of retirement, survivor benefits, education, retiree health care, and life insurance. The application period is open through May 3. For more information and to apply, visit USA Jobs.
The Academy has long supported government employers who are seeking to hire qualified actuaries. See our Public Employment Opportunity Posting Policy for more information.
Upcoming Events
May 4, noon to 1:15 p.m. EDT: “Academy Life Practice Webinar-Spring 2022 Policy Update,” life webinar (1.5 CE credits) May 12, noon to 1:30 p.m. EDT: “The Revised ASOP No. 11: Understanding Important Changes,” professionalism webinar (1.8 CE credits) May 24, noon to 1 p.m. EDT: “Health Spending Projections in the Wake of COVID-19,” health webinar (1.2 CE credits) Nov. 2-3: Academy Annual Meeting, Washington, D.C. (details coming soon) Nov. 14-17: “2022 Life and Health Qualifications Seminar,” Arlington, Va. (Up to 27 CE credits)
In the News
Advisor Magazine reported on the Academy’s issue brief highlighting public policy considerations involved in potential modifications to single employer pension plan funding rules. -
An automotive blog cited a MarketWatch interview of Senior Casualty Fellow Rich Gibson, in a post on electric vehicles.
The Academy’s work in several practice areas was highlighted in a BKD CPAs & Advisors bulletin on March NAIC activity.
Coming Soon
Spring reading-The May/June issue of Contingencies will be headed your way next week. Read all about COVID-19’s impact on life insurance, the “great unwinding” of Medicaid after the public health emergency ends, and much more. More “Hill Visits”-The Academy’s Casualty Practice Council and the Risk Management and Financial Reporting Council will hold virtual meetings with federal lawmakers and policymakers on Capitol Hill in Washington next week. Professionalism webinar-The standard rating law holds that rates shall not be “excessive, inadequate, or unfairly discriminatory.” But what exactly does “unfairly discriminatory” mean? Hear from academic experts who will explore this question in our upcoming spring professionalism webinar-registration will open next month. -
Academy awards-Nominations for the Academy’s awards will open soon, including our new Rising Actuary Award that will recognize a young leader who’s on the way up in the profession, and the annual service and volunteerism awards.
|
