A new issue brief from the Academy’s Retirement Policy and Design Evaluation Committee looks at Collective Defined Contribution (CDC) plans. It defines these plans broadly, provides some examples of CDC plans that exist in various countries, discusses some advantages and criticisms of CDC plans—and considers possible options to address the criticisms.
The Committee on Professional Responsibility (COPR) released a professionalism discussion paper, Actuarial Professionalism Considerations for Generative AI. The paper describes the use and professionalism considerations for actuaries using generative artificial intelligence (GenAI) to provide actuarial services.
The Social Security Committee has released a public policy issue paper, Social Security and Immigration. Immigration is a crucial component to the trajectory of the financial condition of the Social Security system—this paper discusses how immigration affects the social insurance program.
The custom-designed book, “The Magic School Bus Takes a Risk: A Book about Probability,” explores how actuaries help people understand and lessen risk for the community.