The Health Practice Council sent letters to both the U.S. House and Senate on potential adverse consequences of legislation to weaken the Affordable Care Act’s (ACA) individual mandate. (September 22, 2016)
The SVL Interest Rate Modernization Work Group submitted comments to the NAIC's VM-22 (A) Subgroup on Non-Jumbo and Jumbo Sample Calculations on valuation interest rates. (September 21, 2016)
The Intersector Group provided a meeting notes excerpt regarding Form 5500 clarifications from its September 2016 meeting with the Treasury Department and Internal Revenue Service. (September 19, 2016)
The Financial Regulatory Task Force submitted comments to the Federal Reserve Board (Fed) on its proposed rule on Capital Requirements for Supervised Institutions Significantly Engaged in Insurance Activities. (September 16, 2016)
The latest edition of the Enrolled Actuaries Report includes Academy Senior Pension Fellow Ted Goldman’s cover story on how defined benefit plans can adapt the best attributes of defined contribution plans; Pension Benefit Guaranty Corp. Director Tom Reeder will be a keynote speaker at the Academy’s Annual Meeting and Public Policy Forum; and the Actuarial Standards Board’s Pension Task Force release of its report on public pension plans. (September 13, 2016)
In the January “Professionalism Counts” column, learn how to find answers for your questions regarding actuarial qualifications, including the Committee on Qualifications’ frequently asked questions hub. (January 31, 2016)
In the February “Professionalism Counts” column, Academy General Counsel and Director of Professionalism Paul Kollmer-Dorsey offers his first impressions of U.S. actuarial professionalism, concluding that the Academy has established the right set of values, the right set of standards, and the right set of institutions to guide the profession. (February 29, 2016)
In the March “Professionalism Counts” column, Ken Kent, vice president of the Council on Professionalism, underlines objectivity and independence as central in maintaining credibility and public trust. (March 31, 2016)
In the April “Professionalism Counts” column, Keith Passwater, chairperson of the Academy’s Committee on Qualifications, outlines the “look in the mirror” test in determining professional qualification to accept and complete an actuarial assignment. (April 30, 2016)
In the May “Professionalism Counts” column, Academy President Tom Wildsmith looks at the personal responsibilities actuaries bear, and how each individual’s commitment to ethical behavior provides the foundation for the public’s trust in the entire profession. (May 31, 2016)