The Pension Committee submitted a comment letter to the Actuarial Standards Board responding to an exposure draft of ASOP No. 27, Selection of Economic Assumptions for Measuring Pension Obligations. The letter addressed several provisions of the exposure draft, including scope, selection of reasonable assumptions, investment return assumptions, and measurement-specific conditions. The Joint Committee on Retiree Health also submitted a letter, focusing on the interaction of the ASOP to retiree group benefits practice. (May 31, 2012)
The Pension Committee submitted a comment letter to the Actuarial Standards Board responding to an exposure draft and suggesting modifications to proposed revisions of ASOP No. 4, Measuring Pension Obligations and Determining Pension Plan Costs or Contributions. The Pension Finance Task Force also submitted a letter to the ASB responding to the exposure draft, as did the Joint Committee on Retiree Health whose letter focused on the interaction with retiree group benefits practice. (May 31, 2012)
The Social Security Committee updated its annual issue brief offering an actuarial perspective on the 2012 Social Security Trustees Report and outlined policy options for addressing the program's long-term financial challenges. (May 31, 2012)
The Social Security Committee published a new issue brief examining the significance of the Social Security trust funds from three perspectives: the Social Security system, a unified federal budget, and the whole economy. (May 31, 2012)
The Social Security Committee updated an issue brief examining the assumptions used to evaluate Social Security's financial condition. The brief analyzes demographic and economic assumptions used by the federal government and outside experts. (May 31, 2012)
Read about recent health care reform activities in the latest edition of HealthCheck. (May 30, 2012)
The Medicare Steering Committee updated its annual issue brief that offers an actuarial perspective on Medicare's financial condition and outlines the public policy options to address the program's long-term financial challenges. (May 22, 2012)
Political analyst Stu Rothenberg will kick off the Academy Annual Meeting and Awards Luncheon on Oct. 15. Rothenberg is a fixture on Washington’s political scene and editor of the Rothenberg Political Report. He has been widely published and is a frequent guest on NBC’s Meet the Press, ABC’s This Week, and The McLaughlin Group. Learn more. (May 22, 2012)
The Actuarial Value Subgroup sent a letter to CCIIO offering comments on the Actuarial Value and Cost-Sharing Reduction bulletin, specifically addressing the proposed actuarial value calculator. This letter supplements comments submitted April 2 on the cost-sharing inputs for the calculator. (May 16, 2012)