The Academy has released the first series of election guides focusing on several major issues to help voters become better informed in the run-up to the 2016 elections.
The guides provide brief descriptions of major public policy programs such as Social Security and Medicare, as well as various options for reform. While some candidates in 2016 may not be discussing these topics, the Academy raises these issues because of how important they are to voters and the well-being of the nation. View the first set of guides at election2016.actuary.org.
Actuarial Update,Contingencies Released
In the February issue of Actuarial Update, read Academy President Tom Wildsmith’s column on how transparency in the context of pensions is vital for assuring the profession’s public trust. Also in this issue: It’s time to nominate a fellow member for one of the Academy’s annual service awards; and the “Professionalism Counts” column looks at first impressions of professionalism.
The March/April Contingencies includes features about how a practice from the business world called scenario planning can help actuaries describe how potential futures may unfold, an investigation into why U.S. law seems to lead to a disconnect between stated goals and realized outcomes, and a look at what the Federal Reserve’s move to raise its benchmark interest rate means for financial companies’ bottom lines.
March Events
Regulator-Only ORSA Webinar: This March 15 webinar will provide regulatory actuaries who are reviewing Own Risk and Solvency Assessment (ORSA) reports with background information on the enterprise risk management (ERM) process and what information might be included in an ORSA report. It will draw from the in-depth analysis provided by the public policy overview ORSA and the Regulator, which was released by the Academy’s ERM/ORSA Committee last month. Click here for more information.
Register Now for the March 17 Webinar,“Professionalism and the U.S. Qualification Standards,” which will feature experts from the Committee on Qualifications. Whether you have a question about specific qualification standards, statements of actuarial opinion, continuing education, or other topics related to qualifications, this engaging webinar will provide answers. Click here for more information or to register for this interactive webinar.
Upcoming Events
Enrolled Actuaries (EA) Meeting: The Academy and the Conference of Consulting Actuaries will again jointly host the annual Enrolled Actuaries Meeting, April 10-13, in Washington, D.C. The meeting will offer a variety of panels and workshops and cover a wide range of topics and issues relevant to EAs and other pension professionals, and an exhibit of products and services. Click here for more information and to register.
Register by March 18 for the best rates for the Academy’s ‘PBR Boot Camp’ Seminar: The Academy’s Life Practice Council will host “PBR Boot Camp—Basic Training and Beyond for Principle-Based Reserving Implementation,” an intensive, two-and-a-half-day seminar on principle-based reserving (PBR), June 6-8 in Chicago. It will give attendees a head start on understanding PBR before it takes effect, expected to occur in January 2017 for life insurers. Click here for registration and more information.
LHQ Seminar Set for November: Save the date for the 2016 Life and Health Qualifications Seminar, which will be held Nov. 13-17 in Arlington, Va., outside of Washington, D.C.
In the News
In the benefits consulting newsletter Developments, Academy Past President Ken Hohman (2009-10) outlined key findings on longevity risk and decumulation in the 2015 international paper co-authored by the Academy, The Challenge of Longevity Risk: Making Retirement Income Last a Lifetime.
Life & Health Advisor published an account of the Academy’s new election guides, which focus on the substance of presidential and congressional candidates’ positions related to Medicare, Social Security, and other issues of interest to actuaries and the public.
A Mondaqreport analyzing developments in asbestos bankruptcy trust claims cited an Academy monograph on asbestos claims and litigation issues.
Just Facts Daily, a blog focused on disseminating verifiable public policy facts and research, cited an Academy white paper in explaining differences between funding principles for major public social insurance programs and private pension plans.
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