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 18, 2014)
Mark Iwry, senior advisor to the secretary of the treasury and the deputy assistant secretary for retirement and health policy at the U.S. Treasury Department, will speak at the Academy’s April 28 forum, Retirement for the AGES: Measuring for Success. The forum will bring together retirement community leaders for a discussion of retirement plans and proposals, and an assessment of them using the Academy’s new framework for retirement-income systems. Click here to register. (April 17, 2014)
The Principle-based Reserves Strategy Subgroup submitted comments clarifying the suggestion to eliminate the net premium reserve (NPR) component of VM-20 in previous comments on Feb. 17 Report of Rector & Associates to the Principle-Based Reserving Implementation (EX) Task Force. (April 11, 2014)
The Life Capital Adequacy Subgroup submitted comments on the NAIC Operational Risk Subgroup’s March 20 exposure of a revised proposal that suggests a new “C-5” factor in the NAIC Life Risk-Based Capital formula to provide for operational risk. (April 15, 2014)
The Pension Practice Council and Pension Finance Task Force both sent letters concerning recent proposals to use pension policy as an offset for unrelated spending increases. Read the news release. (April 17, 2014)
In this month’s HealthCheck, read about the Academy’s new Health Cost and Quality of Care Initiative, enactment of a law preserving the sustainable growth rate for one year, proposed and final HHS rules, a citation of the Academy in a New York Times article on the Genetic Information Nondiscrimination Act, and much more. (April 16, 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 11, 2014)
On April 28, the Academy will host a forum, Retirement for the AGES: Measuring for Success, that will bring together retirement community leaders for a discussion of retirement plans and proposals, and an assessment of them using the Academy’s new framework for retirement-income systems. The all-day forum at the Ronald Reagan International Trade Center in Washington will include a review of the Academy’s AGES framework, presentations of policy proposals to increase retirement security, and panel discussions on how well these retirement plans and proposals adhere to the AGES framework. Click here to register. (April 10, 2014)
The Academy’s new Health Cost/Quality of Care (HC/QC) initiative points to several promising areas of focus for policymakers seeking to sustain and extend the slowdown in U.S. health cost increases. The Academy kicked off its “Examining the Health Care Equation” series of issue briefs with the April 7 publication of "New Models of Care Delivery.” Read the news release. (April 08, 2014)
The American Academy of Actuaries’ initiative, Examining the Health Care Equation – Actuarial Perspectives on Cost and Quality, examines health care cost growth and explores options to reduce long-term spending growth and promote high-quality care. On April 7, 2014, the Academy launched this initiative with a Capitol Hill Briefing as part of its continuing effort to provide objective, unbiased information to serve the public and the United States actuarial profession. The first paper in the series, "New Models of Care Delivery," and the flyer "What Drives the Growing Cost of Health Care" were presented. If you were unable to attend the briefing, please click here to view the presentation.Click Here for more information on the Academy's latest initiative. (April 07, 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 04, 2014)
Academy representatives spoke at the 30th International Congress of Actuaries session "Ethics and Professionalism for the Consulting Actuary" on April 1. Ken Hohman, Academy former President and International Secretary, explained the International Actuarial Association’s role in professionalism and ethics. Ken Kent, Academy Chairperson of the Joint Committee on the Code of Professional Conduct, presented on defining the actuarial profession’s ethical responsibilities, and how personal and public responsibility influence actuarial work. Guest speaker Sheila Kalkunte, Academy Assistant General Counsel, presented on self-regulation and the significance of the Code of Professional Conduct in the U.S. actuarial profession. (April 01, 2014)
The Professional Standards/Ethical Dilemmas Seminar kicked off the 2014 Enrolled Actuaries Meeting on Sunday Mar. 23. Bob Rietz, ABCD chairperson, and Patrick McDonough, executive director of the Joint Board for the Enrollment of Actuaries, joined Academy staff to provide participants with an overview of actuarial performance under current EA regulations and a behind-the-scenes look at how the ABCD functions. The event was highly interactive using case studies to explore ethical situations that can arise when performing actuarial work. (March 23, 2014)
The 2014 Life and Health Qualifications Seminar is the primary source of instruction for actuaries who wish to be qualified to issue actuarial opinions for either the NAIC Life and A&H Annual Statement or the NAIC Health Annual Statement, but may not have met the basic education requirements set forth in Section 3.1.1 of the U.S. Qualification Standards. This is a great opportunity to earn continuing education credit! The seminar will be held Nov. 10–13 in Arlington, Va. Learn more and register now. (March 12, 2014)
Nominations are now open for the Academy's annual member awards. The Robert J. Myers Public Service Award recognizes an actuary for a single noteworthy public service achievement or a career devoted to public service. The Jarvis Farley Service Award is presented annually to an Academy member whose volunteer efforts on behalf of the Academy have made significant contributions to the advancement of the profession. The nominations for each of these awards are due July 3. (March 26, 2014)
