In this month's Actuarial Update, read about the Academy’s special retirement forum, a briefing for policymakers on new models of health care delivery, a warning to Congress about using pension policy as a budget tool, ethical and professional responsibilities of international actuaries, and much more. (May 05, 2014)
Actuaries give first-person accounts of what it was like to serve as a Buffalo Soldier in World War II and what it takes to row 2,600 nautical miles solo across the Atlantic Ocean, President Tom Terry's call to action on actuaries' and the profession's role in restoring confidence in public-sector pension plans, the need to revitalize reinsurance capacity, and much more in this month's Contingencies. (May 05, 2014)
Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (May 02, 2014)
The Social Security Committee updated its issue brief on the quantitative measures policymakers can use while evaluating Social Security reform. (May 02, 2014)
Intersector Group releases a report to the Pension Practice Council containing notes from its March 2014 meeting with the Pension Benefit Guaranty Corporation. (May 01, 2014)
Intersector Group releases a report to the Pension Practice Council containing notes from its March 2014 meeting with the Treasury Department and Internal Revenue Service. ()
The Academy hosted Retirement for the AGES: Measuring for Success, a forum that brought together retirement community leaders for an in-depth discussion and thought-provoking assessment of retirement plans and current proposals, based on the Academy’s Retirement for the AGES framework for retirement-income systems. (May 01, 2014)
Actuaries who would like to work at the Government Accountability Office (GAO) can apply to do so. GAO is recruiting for two senior actuary positions at its Washington office. Casualty, health, and pension actuaries can apply through May 27. (April 30, 2014)
Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (April 25, 2014)
The Principle-based Reserve Strategy Subgroup (PBRSS) submitted a comment letter to the NAIC suggesting topics to be discussed at a potential interim meeting of the PBR Implementation (EX) Task Force. (April 23, 2014)
The Life Practice Council presented a webinar reviewing the NAIC Spring 2014 National Meeting and activities, including a rundown of the most recent Life Actuarial (A) Task Force meeting, a discussion of activities at the Life Risk-Based Capital (E) Working Group meeting, an update on VM-22 development, and a review of the recently exposed practice note Life Principle-Based Reserves Under VM-20. (April 22, 2014)
Steve Goss, Chief Actuary of the Social Security Administration, presented Social Security Disability Insurance Trust Fund: Behind the Numbers at an Academy Capitol Forum webinar. (April 24, 2014)
The Minimum Value Practice Note Work Group released a final practice note related to determinations of minimum value (MV) and actuarial value (AV) under the Affordable Care Act (ACA), which includes a discussion of plan designs not accommodated by the calculators. (April 24, 2014)
The Academy published a new Essential Elements paper, The 80% Pension Funding Myth, which adds to its series designed to make actuarial analyses of public policy issues more accessible to widespread audiences. Visit the Essential Elements webpage to read this paper and others in the series. (April 23, 2014)
The Risk-Sharing Work Group submitted a letter to the Center for Consumer Information and Insurance Oversight (CCIIO) with comments on a proposed rule related to exchanges and market reforms for 2015, specifically addressing ACA risk-sharing mechanisms. (April 21, 2014)
