The Social Security Committee released an issue brief on the 2018 Social Security Trustees Report that examines the social insurance program’s long-term solvency issues and recommends that Congress should act soon to improve the long-term financial outlook of the program.
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Ted Goldman, Senior Pension Fellow, responded to questions for the record from the Joint Select Committee on Solvency of Multiemployer Pension Plans April 18 hearing on “The History and Structure of the Multiemployer Pension System.”
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The Social Security Committee released an issue brief that examines automatic adjustment options to address Social Security's financial challenges.
( )The Multiemployer Plans Committee released an issue brief that discusses the costs and risks associated with multiemployer loan programs, and the ways in which these programs could benefit troubled plans and their participants.
( )Ted Goldman, the Academy’s Senior Pension fellow, testified before the Joint Select Committee on Solvency of Multiemployer Pension Plans at a hearing on “The History and Structure of the Multiemployer Pension System.” Watch the full committee hearing here (Goldman’s testimony begins at the 58m 44s mark) and read Goldman’s testimony here.
( )The Academy hosted a Capitol Hill briefing on lifetime income. The presentation highlighted public policy options and practical tools that can help to secure lifetime incomes for retirees.
( )The Academy released a quiz on lifetime income that poses questions and answers to help consumers understand the issues and concepts behind planning a sound lifetime income strategy.
The Academy published a new Essential Elements paper, Income to Last a Lifetime, highlighting the challenges that workers face in planning for the risk that they may live longer in retirement than expected, and outlining public policy approaches to help future retirees secure and manage their lifetime income. Essential Elements is a series designed to make actuarial analyses of public policy issues clearer to general audiences.
( )The Pension Committee released an issue brief that analyzes the Pension Protection Act of 2006 (PPA) against the principles underlying funding reform.
( )The Multiemployer Plans Committee sent a letter to the Joint Select Committee on Solvency of Multiemployer Pension Plans offering the expertise of the Multiemployer Plans Committee as a resource to the Joint Select Committee.
( )The Academy released a summary of select significant regulatory and legislative developments in 2017 at the state, federal, and international levels of interest to the U.S. actuarial profession.
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The Retirement System Assessment and Policy Committee published an issue brief providing an actuarial perspective on the role of U.S. tax policy in retirement security.
( )The winter StateScan Quarterly highlights state legislation in the past quarter related to auto insurance, health insurance marketplace changes, pension plans, principle-based reserving, and more. For a comprehensive review, log in to StateScan, the legislative and regulatory portal free for Academy members.
( )The Retirement System Assessment and Policy Committee published an issue brief on state-based initiatives to expand retirement coverage among workers who do not have access to employer-sponsored plans, and the alignment of these efforts with the Academy’s Retirement for the AGES principles.
( )The Multiemployer Plans Committee submitted a comment letter to the Pension Benefit Guaranty Corporation (PBGC) on modifications to the instructions for the 2017 Schedule MB (Multiemployer Defined Benefit Plan Actuarial Information) of the Form 5500.
The Academy published a new Essential Elements paper, Tax Treatment of Pensions and Insurance Protections, highlighting select tax treatments of pensions and insurance protections, and outlining the potential public policy trade-offs of changes to the tax code. Essential Elements is a series designed to make actuarial analyses of public policy issues clearer to general audiences.
The Academy announced a position statement in support of policy and educational initiatives to increase retirement income options within employer-sponsored defined contribution (DC) plans. Read the news release.
The Pension Committee submitted a comment letter to the AICPA Employee Benefit Expert Panel on the current ASC 960 reporting standards for defined benefit pension plans.
( )The Pension Practice Council sent a comment letter to the Missouri State Employees’ Retirement System Board regarding the newly-adopted Terminated-Vested Member Buyout Program.
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