The Academy will host a Capitol Hill briefing for federal lawmakers, regulators, and other interested parties on Oct. 23 to focus on the implications of aging on public policies affecting millions of Americans. During the three-hour briefing, Academy volunteers will highlight the actuarial perspective on lifetime income, long-term care, and the sustainability of public programs that serve the needs of the elderly. During the briefing, the Academy plans to unveil a new version of its Social Security Game and release several papers on long-term care and lifetime income.
Additional CE Credits Available at 50th Anniversary Annual Meeting and Policy Forum
As the agenda has been updated, the estimated continuing education (CE) credits that will be available at the Annual Meeting and Policy Forum have increased. By attending the entire meeting and forum, the agenda will enable attendees to earn up to 11.1 organized-activity CE credits (depending upon area of practice), 1.5 hours of business CE credits, and 4.2 hours of professionalism CE credits. Click here to register for the Annual Meeting and Public Policy Forum, which will celebrate the Academy’s 50th anniversary this year.
April Choi, Ellen Kleinstuber, Patricia Matson, and Lisa Slotznick will be recognized on Nov. 12 as recipients of the 2015 Outstanding Volunteerism Awards, which honor Academy volunteers who have made a single, noteworthy volunteerism contribution in the previous year that is above and beyond what is reasonably expected of an Academy volunteer.
Professionalism News
Committee on Qualifications Chairperson Keith Passwater and Academy President Mary D. Miller provided an overview of actuarial professionalism, including the Code of Conduct, the Actuarial Board for Counseling and Discipline, and the Academy’s development of a USQS attestation form, to the Blue Cross Blue Shield Association Actuary Forum in Chicago on Tuesday. Passwater and ABCD liaison and staff attorney Brian Jackson presented a similar presentation in Indianapolis on Monday to the Actuaries Club of Indiana, Kentucky, and Ohio.
Academy Election Concludes
Academy members voted for four candidates for open regular director positions on the Academy Board of Directors, as voting wrapped up on Monday. The new directors will be Elizabeth Brill, Alice Fontaine, Laurel Kastrup, and Allen Schmitz. Brill, Kastrup, and Schmitz will serve three-year terms that will expire in 2018. Fontaine will serve the remaining one year of a three-year Board term expiring 2016. All of the new directors will begin their terms at the close of the Academy’s annual meeting on Nov. 12.
Newly Released
The Fall 2015 issue of the Enrolled Actuaries Report includes stories about a recent federal appeals court ruling on ERISA plans; the Academy’s testimony at an IRS hearing on the Multiemployer Pension Reform Act of 2014; the Academy’s issue brief on Social Security’s financial condition; and more.
Public Policy Activities
The Premium Review Work Group sent a letter to Center for Consumer Information and Insurance Oversight with suggested changes to the unified rate review template and rating methodology.
The Pension Committee sent comments to the Pension Benefit Guaranty Corporation regarding proposed changes to the §4010 reporting requirements.
Upcoming Events
The 2015 Life and Health Qualifications Seminar will be held Nov. 9-12 in Arlington, Va. (metropolitan Washington, D.C.), just prior to the Academy’s Annual Meeting in Washington. Now in its 15th year, this highly regarded course is a very efficient way to acquire the basic and CE required to issue statutory statements of actuarial opinion for NAIC life and health blanks or to gain needed CE in those areas of expertise. Click here for information and to register.
Registration Ongoing for P/C Opinion Seminar: Registration continues for the Academy’s 2015 Seminar on P/C Effective Loss Reserve Opinions, set for Dec. 1-2 in Philadelphia. Actuaries who prepare or sign NAIC annual statement actuarial opinions on P/C loss reserves, or those who assist in preparing them, should plan to attend. Click here for seminar information and here to register.
International Health Webinar Set for Nov. 4: The fourth webinar in the Academy’s ongoing joint series with the International Actuarial Association Health Section on international health care costs will be Nov. 4, with a focus on Canada and Chile.
Save the Date: The Academy’s next Council on Professionalism webinar, “Facing a Dilemma? The ABCD Can Help,” will be held on Dec. 9. Stay tuned for more details as they are released.
In the News
A New York Timesstory on political efforts to change the Affordable Care Act’s redefinition of the small group market directly cited the Academy’s nonpartisan analysis from the issue brief, Potential Implications of the Small Group Definition Expanding to Employers with 51-100 Employees. The story was reprinted by CNBC, MSN and numerous other media outlets. Produced by the Academy’s Individual and Small Group Markets Committee, the issue brief was also used as a source in reporting on this issue by the (Fort Worth) Star-Telegram and more than two dozen other newspapers.
The Arizona Republiccited analysis from the Academy’s issue brief, The 80% Pension Funding Standard Myth, in an editorial calling for action to address solvency issues within Arizona’s Public Safety Personnel Retirement System and other state public-employee retirement systems.
The Health Practice Council’s Feb. 24 letter to Health and Human Services Secretary Sylvia Mathews Burwell was cited on healthinsurance.org, which examined premium subsidies for participants in New Hampshire’s health insurance marketplace.
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