This Week: May 20, 2011

Media Coverage

• Don't count on your employer for accurate pension info
  Reuters, May 17, 2011
  The Academy's Pension Assistance List program was mentioned for providing free actuarial expertise to workers who need help checking pension calculations.
• Medicare, Social Security funds expiring sooner, U.S. says
  Bloomberg, May 13, 2011
  American Academy of Actuaries Senior Health Fellow Cori Uccello discussed the 2011 Medicare Trustees Report and Medicare solvency.
• 8 things to know about Medicare and Social Security trust funds
  Minneapolis Star Tribune, May 13, 2011
  American Academy of Actuaries Senior Health Fellow Cori Uccello discussed the 2011 Medicare Trustees Report and Medicare solvency.

News releases

• Media advisory: Actuaries' Briefing to Highlight Social Security's Financial Condition and Solutions (May 20, 2011)
• Media advisory: Actuaries' Briefing to Focus on Medicare's Financial Issues and Reform Options (May 20, 2011)

Website: New Postings

• As previously announced, the boards of directors of the U.S.-based actuarial organizations have approved in principle a proposal to make improvements to the profession's discipline process in the United States. This will require Academy members to vote on bylaw amendments to allow the Academy to enter into a joint discipline agreement. A draft of that agreement is now available for members to review. Draft bylaw amendments will be available in the near future.
• The Financial Soundness/Risk Management Committee submitted an amendment proposal to the NAIC's Valuation Manual (VM) Principle-based Reserves (PBR) Life Subgroup of the Life Actuarial Task Force. The proposal clarified issues that arose from the ongoing work of the Academy's Life PBR Practice Note Work Group and the NAIC VM-20 Impact Study.
• The Academy's Solvency Committee provided input to the NAIC on the recently revised International Association of Insurance Supervisors paper, Insurance Core Principle 14: Valuation for Solvency Purposes.

Upcoming Events

• There's still time to register for the May 18 seminar, Preparing for Change under PBA: Life Company Reserves and Capital Seminar. Attendees will gain an in-depth understanding of the specific implementation challenges related to the Principle-Based Approach (PBA) for statutory reserves and capital.

Advertising

• See the Academy brand in action! Online ads are in rotation on rollcall.com, cq.com, congress.org, and politicalwire.com for the Academy's May 27 Capitol Hill briefing, An Actuarial Perspective on the 2011 Medicare Trustees Report.

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