If you are under the age of 70 and retired, planning to retire soon, or on temporary leave, you may be eligible for a partial Academy membership dues waiver. Qualified members receive a substantial discount and can continue to enjoy the same benefits of full membership. Click here to learn more about how partial dues work and to apply. (January 06, 2012)
The Academy’s Health Practice Council will present a webinar on Feb. 10 to provide actuaries from all practice areas with essential background on the Affordable Care Act (ACA), including key provisions in the law (focusing on those intended to expand coverage and the status of implementation). Members are invited free of charge. Learn more. (January 11, 2012)
The Tax Work Group submitted an amendment proposal form regarding the VM-20 transition period. (January 12, 2012)
The Committee on Property and Liability Financial Reporting released its 2011 practice note on Statements of Actuarial Opinion on P&C Loss Reserves. (December 01, 2011)
The Academy’s Tax Work Group submitted a discussion paper to the Life Actuarial Task Force and the American Council of Life Insurers regarding tax implications for structuring new commissioners’ mortality tables to include the extra mortality risk of business not subject to full underwriting. (December 14, 2011)
The Financial Regulatory Reform Task Force provided comments to the Financial Stability Oversight Council on its proposed rule relating to systemically important financial institutions. (December 19, 2011)
The Financial Regulatory Reform Task Force responded to the Federal Insurance Office on how to modernize and improve the U.S. system of insurance regulation. (December 11, 2011)
Life Practice Council Vice President Cande Olsen made a presentation to the NAIC’s Contingent Deferred Annuity (A) Subgroup on the Academy’s Contingent Annuity Work Group’s report that was submitted to the NAIC on October 28. (December 22, 2011)
The American Academy of Actuaries International Accounting Standards Task Force submitted comments to the IASB on the topic of defining the contract boundary for insurance contracts. (December 21, 2011)
The International Accounting Standards Task Force submitted to the International Accounting Standards Board a white paper on what belongs in “other comprehensive income” and a discussion paper on the approaches to setting the discount rate for valuation of insurance contracts. (December 19, 2011)
The Medicare slide decks—the first topic to be addressed in the Academy’s Campaign 2012 Toolkits series—include an overview of the structure of Medicare, the challenges to the program’s solvency and sustainability, and options that have been proposed to reform the program. You can download these files here:
Sample slide deck without speaker notes: A Guide to Medicare’s Financial Challenges and Options for Improvement Sample slide deck with speaker notes: A Guide to Medicare’s Financial Challenges and Options for Improvement (December 23, 2011)Read the December issue of HealthCheck to learn about the regulatory approach the Department of Health and Human Services (HHS) plans to propose in defining essential health benefits under the Affordable Care Act. This issue also looks at the HHS’ final rules regarding the Consumer Operated and Oriented Plan program and medical loss ratio requirements for health insurers. (December 23, 2011)
The December Actuarial Update features profiles of incoming ABCD Chairperson Paul Fleischacker and incoming ASB Chairperson Robert Meilander. Other newsletter highlights include a look at the December Professionalism webinar on international issues and the new online 2012 election toolkits. (December 22, 2011)
This issue features an article clarifying which organization’s continuing education requirements apply to actuaries practicing in the United States; a review of Ellen Schultz’s new book, Retirement Heist; an engaging history of three Victorian actuaries who made great contributions to the profession; and much more. (January 04, 2012)
Read about issues that affect pension actuaries and the Academy’s work to advance sound pension policy in the latest edition of the Enrolled Actuaries Report. (December 19, 2011)
