Pension Committee
The committee's purpose is to bring to the public and the United States actuarial profession expertise regarding public and private retirement plans. Within the scope of this mission, the committee:
Provides independent and objective analysis, advice, and education to stakeholders of public and private retirement plans with respect to:
Funding
Financial reporting
Managing financial risks
Plan design
Actively consults with public policymakers about the effects of legislation and regulations on retirement benefits.
Identifies emerging issues affecting retirement benefit plans.
Comments on pending retirement legislation and regulations.
Coordinates with other Academy committees where appropriate on issues with overlapping interests.
Develops practice notes for the membership.
Comments on actuarial standards of practice related to public and private plans.
Staff Liaison:
Matthew Sonduck
Chairperson:
Grace Lattyak
Vice Chairperson:
Lloyd Katz
Members:
Michael Antoine
Michael Bain
Margaret Berger
James Burke
Bruce Cadenhead
Maria Carnovale
Tristan Christ
Jonathan de Lutio
C. David Gustafson
Scott Hittner
Maria Kirilenko
Edward Law
Tonya Manning
Gerard Mingione
Maria Moliterno
Nadine Orloff
Aaron Shapiro
Mary Stone
Thomas Swain
Hal Tepfer
Michael Bain
Margaret Berger
James Burke
Bruce Cadenhead
Maria Carnovale
Tristan Christ
Jonathan de Lutio
C. David Gustafson
Scott Hittner
Maria Kirilenko
Edward Law
Tonya Manning
Gerard Mingione
Maria Moliterno
Nadine Orloff
Aaron Shapiro
Mary Stone
Thomas Swain
Hal Tepfer
Related Publications
Pension Committee Releases Major Issue Paper on ERISA
The Pension Committee released an issue paper, ERISA: 50 Years of Shaping the Single-Employer Defined Benefit Landscape. It discusses the broad impacts of The Employee Retirement Income Security...
Topics: Retirement
Date Published: 08/28/2024
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RPC Comments to Senate HELP Committee on Self-Employed Workers
The Retirement Practice Council’s Social Security and Retirement Policy and Design Evaluation committees sent a joint comment letter to the Senate Committee on Health, Education, Labor and Pensions...Date Published: 07/03/2024
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Pension Committee Comments on ASOP No. 12 Exposure Draft
The Pension Committee submitted comments to the Actuarial Standards Board regarding the proposed revision of Actuarial Standard of Practice (ASOP) No. 12, Risk Classification (for All Practice...
Topics: Actuarial Standards Retirement
Date Published: 05/01/2024
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Pension Committee Publishes Issue Brief on Church-Sponsored Retirement Plans
The Pension Committee released an issue brief, Church-Sponsored Retirement Plans—Overview and Considerations. This issue brief discusses the broad range of church plans and practices. Among other...
Topics: Retirement
Date Published: 01/24/2024
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Committee Comments on Secure 2.0 Reporting and Disclosure
The Pension Committee submitted comments in response to the Department of Labor (DOL) Employee Benefits Security Administration’s (EBSA) Request for Information on a number of SECURE 2.0 provisions...
Topics: Benefits Retirement
Date Published: 10/10/2023
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Issue Brief Looks at Pension Plan Design Enhancements
The Pension Committee released an issue brief, Enhancing Retirement Security Through Changes in Plan Design and Related Requirements, that examines modifications to defined benefit (DB) plans that...
Topics: Retirement
Date Published: 09/14/2023
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Valuing Gender Expansive Data Issue Brief
Pension Committee issue brief examining issues pension actuaries may consider when performing an actuarial valuation using sex/gender expansive data—data on sex/gender that is either missing or...
Topics: Retirement
Date Published: 08/14/2023
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Buy-Out Group Annuity Purchase Primer
Pension Committee issue brief on pension plan sponsor role and considerations regarding “buy-out” annuity contract transactions.
Topics: Retirement
Date Published: 07/07/2023
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Selecting and Documenting Pension Assumptions Other Than Discount Rate, Investment Return, and Mortality
Pension Committee practice note, , updating a 2009 practice note, revised to reflect updated actuarial standards of practice (ASOPs), including changes in ASOP Nos. 27 and 35 that are effective for...
Topics: Actuarial Standards Retirement
Date Published: 06/21/2023
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Practice Note on Modeling for Pension Actuaries
Pension Committee public policy practice note providing background and ideas about how a pension actuary might comply with ASOP No. 56, Modeling.
Topics: Public Policy Retirement
Date Published: 01/19/2023
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Selecting and Documenting Mortality Assumptions for Pensions
Pension Committee public policy practice note, Selecting and Documenting Mortality Assumptions for Measuring Pension Obligations, updating a 2015 practice note, revised to reflect updated Actuarial...Date Published: 01/19/2023
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Practice Note on Difficult-to-Value Provisions of Defined Benefit Plans
Pension Committee Practice Note on Measuring Pension Obligations for Difficult-to-Value Plan Provisions.
Topics: Retirement
Date Published: 12/09/2022
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Committee Comments to U.S. House and Senate Leaders on Bipartisan Retirement Legislative Proposals
Comment letter from the Pension Committee and Retirement Policy and Design Evaluation Committee on provisions included in the Securing a Strong Retirement Act of 2022 (SECURE 2.0), the EARN Act, and...
Topics: Retirement
Date Published: 12/07/2022
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Issue Brief on Public Policy Considerations for Funding Rules Proposals
Pension Committee issue brief highlighting key considerations around potential modifications to single employer pension plan funding rules.
Topics: Public Policy Retirement
Date Published: 04/20/2022
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Issue Brief on Interpreting Pandemic-Related Decreases in Life Expectancy
Pension Committee issue brief explaining complexities involved in the measurement of life expectancy estimates.
Topics: Retirement
Date Published: 12/22/2021
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Comment Letter to FASB on Future Standard-Setting Agenda
Pension Committee comment letter responding to Financial Accounting Standards Board’s (FASB) June 2021 Invitation to Comment on its future standard-setting agenda.
Topics: ASB Retirement
Date Published: 09/22/2021
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Comment Letter to Treasury Department and IRS on American Rescue Plan Act Single-Employer Pension Provisions
Pension Committee comments to U.S. Department of the Treasury and Internal Revenue Service (IRS) relating to single-employer pension funding relief provisions enacted under the American Rescue Plan...
Topics: Pension Funding Retirement
Date Published: 07/23/2021
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Comment Letter on Rules for Maintenance and Application of Funding Balances
Pension Committee comment letter to Department of the Treasury and Internal Revenue Service providing suggestions for modification to rules relating to the maintenance and application of funding...
Topics: Retirement
Date Published: 06/21/2021
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Comments from Committee on Third Exposure Draft of Proposed Assumption Setting ASOP
Comments from the Academy’s Pension Committee to the Actuarial Standards Board regarding the third exposure draft of the proposed Actuarial Standard of Practice, Setting Assumptions.
Topics: Actuarial Standards Retirement
Date Published: 04/14/2021
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Issue Brief on the Impact of PBGC Premiums on Single-Employer Plan Sponsorship
Pension Committee issue brief on Pension Benefit Guaranty Corporation (PBGC) single-employer premiums and their impact on pension plan sponsorship.
Topics: Retirement
Date Published: 10/08/2020
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