Group Annuity Contracts for Pension Risk Transfer
Jan. 25, 2024 | Noon to 1:15 p.m. EST | USQS CE and JBEA CPE Available
Slides and audio are now available. To view them, log in to your Academy member account.
ABOUT THIS WEBINAR
This joint pension and life practice area webinar was a follow-up to the popular breakout session from Envision Tomorrow 2023, and brought together subject matter experts for a panel discussion that covered the regulatory and structural evolution of insurance companies that provide pension risk transfer group annuity contracts.
At the conclusion of this webinar, attendees:
- Gained a high-level understanding of regulations impacting and structure of life insurance companies that write group annuity contracts for pension risk transfers;
- Learned about the state guarantees available to participants; and
- Gained insight into the fiduciary considerations pension plan sponsors and independent fiduciaries consider when purchasing a group annuity contract for pension plan participants.
SPEAKERS
- Patricia Matson, MAAA, FSA
Chairperson, Asset Adequacy and Reinsurance Issues Task Force - Michael D. Heard, FLMI
EVP & Chief Operating Officer, National Organization of Life & Health Insurance Guaranty Associations (NOLHGA) - William P. O'Sullivan
Senior Vice President & General Counsel, NOLHGA - Denise Sisk
Managing Director, State Street Global Advisors
MODERATORS
- Brent Dooley, MAAA, FSA
Member, Annuity Reserves and Capital Working Group Member, Research Committee - Grace Lattyak, MAAA, FSA, EA
Vice Chairperson, Pension Committee
CONTINUING EDUCATION
The American Academy of Actuaries believes in good faith that attendance at this live webinar constitutes an organized activity as defined under the current Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States, and that attendees may earn up to 1.5 CE credits for attending this live webinar.
We also believe in good faith that Enrolled Actuaries may earn up to 1.5 continuing professional education (CPE) non-core credits under the Joint Board for the Enrollment of Actuaries (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. All EAs who want to receive a Certificate of Attendance must be registered either as an individual attendee or listed as part of a group registration and must submit their request within two business days of the event. You are still required to attest to your actual attendance for the full webinar to receive full JBEA credit.
Please note that the Joint Board for the Enrollment of Actuaries’ (JBEA) temporary waiver of the “physical presence” requirement ended on Dec. 31, 2022. Consequently, in order for attending EAs to receive Formal JBEA CPE credit for attending this program, the EA must simultaneously participate in the live program in the same physical location with at least two other participants engaged in substantive pension service. Groups of three or more participants who are in the same physical location may participate via the internet, video conferencing, or teleconferencing.
