MEDIA ADVISORY: Nov. 13: Academy Assessments Grading Retirement-Income Systems and Proposals To Be Released
Date
DAYBOOK ITEM FOR THURSDAY, NOV. 13, 2014
WASHINGTON—On Nov. 13, the American Academy of Actuaries will release and discuss the first assessments that will grade retirement-income systems and proposals using the Academy’s “Retirement for the AGES” framework. By illustrating the strengths and shortcomings of such systems and proposals, the AGES (Alignment, Governance, Efficiency, and Sustainability) framework is designed to help address the needs of retirement plan stakeholders in both the private and public sectors.
CONTACT:
David Mendes
(202) 384-2075
WASHINGTON—On Nov. 13, the American Academy of Actuaries will release and discuss the first assessments that will grade retirement-income systems and proposals using the Academy’s “Retirement for the AGES” framework. By illustrating the strengths and shortcomings of such systems and proposals, the AGES (Alignment, Governance, Efficiency, and Sustainability) framework is designed to help address the needs of retirement plan stakeholders in both the private and public sectors.
Assessments of the following systems and proposals will be released and discussed by a panel of retirement thought leaders: The USA Retirement Funds Act (S.1979), introduced by Sen. Tom Harkin; the South Dakota Retirement System; the New Brunswick Plan Shared Risk Model; a sample defined contribution plan; and a sample traditional single private-employer defined benefit plan. In addition, the panel will discuss plans and proposals on which the Academy intends to produce assessments in the future.
The panel discussion session is open to the media. For credentialing, media should RSVP to David Mendes at 202.384.2075 or mendes@actuary.org.
What:
“Retirement for the AGES” panel discussion
Moderator: American Academy of Actuaries Senior Pension Fellow Donald Fuerst, MAAA, FSA, FCA, MSPA, EA
Panelists: Rowland Davis, Center for American Progress; Hank Kim, National Conference on Public Employee Retirement Systems; Eric Keener, Aon Hewitt
When:
Nov. 13, 2014, 10:45 a.m.-12:00 p.m. EST
Where:
American Academy of Actuaries Annual Meeting and Public Policy Forum
Hyatt Regency Washington on Capitol Hill, Concord Room
400 New Jersey Avenue, NW
Washington, D.C., USA, 20001
The American Academy of Actuaries is an 18,000+ member professional association whose mission is to serve the public and the U.S. actuarial profession. The Academy assists public policymakers on all levels by providing leadership, objective expertise, and actuarial advice on risk and financial security issues. The Academy also sets qualification, practice, and professionalism standards for actuaries in the United States.
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