The New ASOP 6: Does Your Actuarial Work Measure Up?
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November 24, 2014
12:00-1:30 p.m. EST
The May 2014 update of ASOP No. 6, Measuring Retiree Group Benefits Obligations and Determining Retiree Group Benefits Program Periodic Costs or Actuarially Determined Contributions, included a number of changes that have significant practical implications for actuaries practicing in the area of retiree health.
Speakers provided attendees with an overview of some of these changes, reviewed the U.S. Qualification Standards, and walked attendees through relevant data that California's Public Employee Retirement System (CalPERS) had made available via their website, explaining how that data pertained to the new requirements in ASOP No. 6 for developing age-specific costs.
WEBINAR PRESENTERS
- A. Donald Morgan, IV, MAAA, FSA, FCA, EA; Chairperson, Retiree Group Benefits Subcommittee, Actuarial Standards Board
- Jim Whelpley, MAAA, ASA, EA; Member, Joint Committee on Retiree Health
- D. Joeff Williams, MAAA, FSA; Member, Committee on Qualifications
This webinar was presented by the Academy's Council on Professionalism and co-sponsored by the American Society of Pension Professionals and Actuaries, Casualty Actuarial Society, Conference of Consulting Actuaries, and Society of Actuaries.
*The opinions expressed by the panelists during this presentation do not represent the opinions of any of the panelists' employers, or any boards or committees of the Academy, the ASB, or ABCD.
MODERATOR
- Jeffrey P. Petertil, MAAA, FCA, ASA; Chairperson, Joint Committee on Retiree Health
CONTINUING EDUCATION
The American Academy of Actuaries believes in good faith that your attendance at this live professionalism webinar, The New ASOP 6: Does Your Actuarial Work Measure Up?, constitutes an organized activity as defined under the current Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States. Under these Qualification Standards, an hour of continuing education is defined as 50 minutes, and fractions of an hour may be counted.
JBEA CPE CREDIT
The Joint Board for the Enrollment of Actuaries (JBEA) has approved the Academy as a qualifying sponsor of continuing professional education (CPE) programs for enrolled actuaries.
If you are an enrolled actuary, the Academy believes in good faith that you may earn 1.8 CPE non-core credits under the JBEA rules for attending this live webinar. However, the JBEA ultimately determines what constitutes core, non-core, ethics or non-ethics continuing education and the number of CPE credit hours allocated to same for enrolled actuaries. During the live webinar ONLY, instructions will be given to attendees on the process for obtaining certificates of attendance.
To constitute formal CE under the JBEA regulations, there must be three (3) or more people involved in substantive pension services physically present at your webinar location.
NOTE ON JBEA CERTIFICATE OF ATTENDANCE: You will not be able to receive a certificate of attendance for listening to any recorded webinars. In order to receive a JBEA CE Certificate of Attendance, you must attend the live event, follow the instructions provided during the live event, and you must request your certificate by completing the online form within 30 days of attending the live event.
QUESTIONS
- For more information about this webinar, contact Doreen Hoyle at 202-223-8196 or hoyle@actuary.org.
