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Practice Note on ASOP No. 51: Risk Assessment in Practice

Webinar
Practice Note on ASOP No. 51: Risk Assessment in Practice
Aug. 20, 2020 | 1 to 2:30 p.m. EDT | USQS CE and JBEA CPE Eligible

Slides and audio are now available. To view them, log in to your Academy member account.

REGISTRATION FEES:

  • Members: $50
  • Nonmembers: $100
  • Government regulators are invited free of charge. 

Group Registration for Academy Members: $250  (read the policy)

ABOUT THIS WEBINAR

Hear from Academy members involved in the development of a new public policy practice note, ASOP No. 51: Risk Assessment in Practice, on ASOP No. 51, Assessment and Disclosure of Risk Associated with Measuring Pension Obligations and Determining Pension Plan Contributions, in this Academy webinar. The Academy’s Pension Committee and its ASOP No. 51 General Practice Note Work Group released a new practice note that provides information to actuaries on current or emerging practices in which their peers are engaged that are affected by ASOP No. 51, as well as to help with the evolution of ideas in this area.

This webinar serves as a guide through the practice note, with our speakers referencing some of the illustrative examples that will be included in it. They share perspectives from corporate, public, and multi-employer plans.

SPEAKERS

  • Paul Angelo, MAAA, FSA, FCA, EA
    Member, Public Plans Committee
  • Tammy Dixon, MAAA, FSA, FCA, EA
  • Julie Ferguson, MAAA, ASA, EA

MODERATOR

  • Grace Lattyak, MAAA, FSA, FCA, EA
    Member, Pension Committee

CONTINUING EDUCATION AND JBEA CPE CREDIT

The American Academy of Actuaries believes in good faith that attendance at this live webinar constitutes an organized activity as defined under the current Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States, and that attendees may earn up to 1.8 CE credits for attending this live webinar.

We also believe in good faith that Enrolled Actuaries may earn 1.8 continuing professional education (CPE) core credits under the JBEA rules for attending this live webinar. However, the JBEA ultimately determines what constitutes core, non-core, ethics, or non-ethics continuing education and the number of CPE credit hours allocated to same for Enrolled Actuaries.

NOTE ON JBEA CPE CERTIFICATE OF ATTENDANCE

You will not be able to receive a certificate of attendance for listening to any recorded webinars. In order to receive a JBEA CPE Certificate of Attendance you must attend the live event, follow the instructions provided during the live event, and request your certificate by completing the online form within 30 days of attending the live event.

Under the JBEA regulations, there must be three or more people involved in substantive pension services physically present at your webinar location to constitute formal CPE. However, the JBEA on August 10 announced that it is waiving the physical presence requirement for CPE credit for any formal programs conducted from Jan. 1, 2020, through Dec. 31, 2022. The Joint Board made this decision due to the hardships that the COVID-19 pandemic has caused, particularly those involving traveling to and participating in gatherings requiring close contact with others. 

Enrolled actuaries are still required to earn the same number of credit hours under formal programs that would otherwise be required. Although the physical presence requirement is temporarily waived, the other requirements for a formal program continue to apply, including all requirements for a qualifying program under the Joint Board regulations, attendance by at least three participants engaged in substantive pension service, and an opportunity for participants to interact with the instructor during the program. In addition, the certificate of completion or instruction issued by a qualifying sponsor of the program must indicate that the program is a formal program.

GROUP REGISTRATION POLICY
While many people are working remotely, the Academy is offering group registrations to employers of our members. The registrant must be an Academy member and must provide the names and email addresses on behalf of the employer of all attendees by emailing webinargroups@actuary.org. An Excel document is preferred. Attendee names must be submitted within 24 hours of the webinar. Please make sure to specify the name, date, and time of the webinar your group is planning to attend. Failure to submit attendee names will result in no longer being able to register your group for future webinars.

The registrant will receive one computer connection (link) to the webinar. You can then use a platform of your company’s choosing (Zoom, WebEx etc.)* to stream the live event to remote attendees. The registrant is also responsible for making this live webinar presentation accessible to group attendees, who must be employees of the same company. There are no phone connections provided by the Academy with this registration—audio will be streamed via the web.

* The Academy does not take responsibility for ensuring the live webinar can be seen and heard through the registrant’s broadcasting platform. Group registration fees for the live webinar do not include access to the archive recording, except for Academy members who may access an archive of all Academy webinars in the members-only section of the Academy’s website.

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