Fixes for the biggest retirement risks
Reuters, April 13, 2011
The Academy's April 4 Capitol Hill briefing on retirement risks was cited. The Academy provided a hypothetical example to demonstrate “timing risk,” one of many retirement risks confronting American workers.
Actuary group suggests Rx for individual mandate Employee Benefit Adviser, April 13, 2011
The Academy provided a list of policy options to strengthen the individual health insurance coverage mandate contained within the health reform law. Academy Senior Health Fellow Cori Uccello explained how these options also can serve as alternatives if the mandate is removed from the law.
Commentary: Stop CLASS Act Before It Adds to Budget Pains Roll Call, April 5, 2011
The Academy's adverse selection and sustainability concerns regarding the Community Living Assistance Services and Supports (CLASS) Act were cited in an op-ed by Sen. John Thune of North Dakota.
Website: New Postings
View the video (4-part series) and presentation slides of the Academy Pension Practice Council's April 4 Capitol Hill briefing on Pension Risk and Your Retirement. Presenters Ethan Kra and Lane West addressed the risks inherent with retirement plan designs and the implications for retirement planning and public policy reforms.
The recorded Post-NAIC Update/PBA Webinar (April 14) is available for purchase on CD-ROM. The Academy's Life Practice Council reviewed the NAIC Spring National Meeting and also gave updates regarding the principle-based approach practice note and the Valuation Manual-20 impact study.
May 10 webinar: Insurance Contracts Project Update
Presenters will discuss progress the International Accounting Standards Board and Financial Accounting Standards Board have made toward completing the Insurance Contracts project. Topics will include risk and composite margins, discount rates, acquisition costs, and unbundling. Click here to learn more.
Preparing for Change under PBA: Life Company Reserves and Capital Seminar—Discounted registration ends April 18
This May 18 seminar in New Orleans will feature an in-depth discussion of several "hot topics" and specific implementation challenges related to the principle-based approach for statutory reserves and capital, with an emphasis on how PBA will affect a company's pricing process. It is being jointly sponsored by the Society of Actuaries and the American Academy of Actuaries.
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