Senior Pension Fellow Donald Fuerst testifies at a House Committee on Ways and Means Subcommittee hearing on Social Security that examined bipartisan proposals to adjust Social Security benefits and their impacts on the program’s solvency, beneficiaries, workers, and the economy. Fuerst said that raising the full retirement age could help mitigate Social Security’s long-range financial problems and that addressing Social Security’s solvency now would permit more modest changes to be phased in gradually.
Academy Senior Health Fellow Cori Uccello tells the U.S. House of Representatives’ Energy and Commerce Committee’s Subcommittee on Oversight and Investigations that the Affordable Care Act’s health insurance issue and rating rules that apply to the individual and small group markets, which take effect Jan. 1, 2014, “will affect not only overall average premiums, but also the specific premiums that people will face. Premium changes due to the ACA health insurance market reform rules will vary across states and among individuals and will reflect many factors…”
Highlights from a conversation on public pension plan issues. The discussion developed into a feature article in the September-October issue of Contingencies magazine, which is published by the American Academy of Actuaries. Participants include actuaries: Ken Kent, Robert North, and James Rizzo.
The Academy's 2009 letter to Congress that included an actuarial analysis of the Community Living Assistance Services and Supports (CLASS) Act by a joint Academy/Society of Actuaries work group was cited by U.S. House Energy & Commerce Subcommittee on Health Chairman Joe Pitts, and Reps. Charles Boustany and Phil Gingrey during a hearing held by two congressional subcommittees on the CLASS program.
New research findings from the actuarial profession illustrate the pension funding challenges facing the private defined benefit system. Presenters from the American Academy of Actuaries and Society of Actuaries discussed important implications for plan sponsors, beneficiaries, and policymakers. Speakers: Academy Vice President Ethan Kra, SOA Vice President Tom Terry, SOA Research Actuary Joe Silvestri, and Academy Senior Pension Fellow Don Fuerst. Part 1/4
