Pension Committee sent comments to the Pension Benefit Guaranty Corporation (PBGC) regarding the proposed changes to the §4010 reporting requirements. (September 25, 2015)

In the Fall 2015 edition of the Enrolled Actuaries Report, read about a recent federal appeals court ruling on ERISA plans; the Academy’s testimony at an Internal Revenue Service hearing on the Multiemployer Pension Reform Act of 2014; the Academy’s issue brief on Social Security’s financial condition; and more. (September 23, 2015)

The Premium Review Work Group sent a letter to CCIIO with suggested changes to the unified rate review template (URRT) and rating methodology. (September 22, 2015)

In the Fall 2015 edition of Retirement Account, read about the issue brief on cost recognition by the Pension Accounting Committee and Pension Committee; the ASB public hearing on public pension policy; the Social Security Committee’s issue brief on the Disability Insurance Trust Fund; news and announcements on upcoming Academy pension events, and more. (September 18, 2015)

The Life Practice Council (LPC) submitted comments to the NAIC’s Principle-Based Reserving Implementation (EX) Task Force on its “Substantially Similar Terms and Provisions” to Determine the Valuation Manual Operative Date exposure draft. (September 17, 2015)

The Financial Reporting Committee (FRC) submitted comments to the Financial Accounting Standards Board (FASB) on its proposal to limit unlocking the assumptions and discount rates for long-duration insurance contracts to only the fourth quarter. (September 16, 2015)

This webinar discussed the most recent findings on National Health Spending from the Centers for Medicare & Medicaid Services (CMS). Since 2009, health care spending has experienced its lowest growth rates in decades. According to a new analysis from the CMS Office of the Actuary, that was published in the January edition of Health Affairs, this trend continued into 2012 with an increase in spending of only 3.7 percent to $2.8 trillion. (February 06, 2014)

On Jan. 16, 2014 Federal Emergency Management Agency (FEMA) experts Thomas L. Hayes, D. Andrew Neal, and moderator Stuart B. Mathewson discussed the current state of the NFIP, how the passage of the Biggert-Waters Act has affected the NFIP and its policyholders thus far, and the options available to Congress to revise Biggert-Waters to reduce its immediate effect on premiums. This webinar is part of the Academy Capitol Forum Lunchtime Guest Webinar Series. (January 16, 2014)

In the Academy’s Jan. 2 webinar, “IFRS Update: Where In The World Are We Going With Insurance Contracts?” members of the Academy’s Risk Management and Financial Reporting Council discussed the Academy’s and other key stakeholders’ responses to the 2013 International Accounting Standards Board and Financial Accounting Standards Board exposure drafts on insurance contracts. Presenters offered their opinions on the timing and likelihood of passage of any new standards, as well as the effect they would have on insurers, regulators, and actuaries. Click here to listen to the recorded webinar. (January 02, 2014)

The Reinsurance Committee sent comments to the National Association of Insurance Commissioners (NAIC) on the draft Certified Reinsurers and Passporting Public Document. (September 11, 2015)

The Price Optimization Task Force submitted a comment letter to the NAIC’s Casualty Actuarial and Statistical Task Force (CASTF) on its Price Optimization White Paper, which was exposed at the NAIC’s summer national meeting. (September 10, 2015)

The Academy’s Disciplinary Review Panel expelled Mr. Steven J. Rubenstein from membership, effective Sept. 10, 2015, for materially failing to comply with Precept 1 of the Code of Professional Conduct. Read the discipline notice. (September 10, 2015)

Academy Senior Health Fellow Cori Uccello provided written testimony on potential implications of expanding small-group definition to companies with 51-100 employees to the U.S. House Energy & Commerce Subcommittee on Health hearing on affordable health care. (September 09, 2015)