Practice Note on ASOP No. 6: A Discussion of the Exposure Draft

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• Nonmembers: $100
• Government regulators are invited free of charge. Gwen Pegram at webinarhelp@actuary.org to receive a discount code to register.

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ABOUT THIS WEBINAR

In July, the ASOP No. 6 Practice Note Work Group released an exposure draft of a practice note on Actuarial Standard of Practice (ASOP), Development of Age-Specific Retiree Health Cost Assumptions for Pooled Health Plans, Including Applications to Non-Pooled Health Plans, to provide information for actuaries valuing retiree health benefit plans. During this webinar, our speakers—all members of the ASOP No. 6 Practice Work Group—walk through the exposure draft. Watch this webinar to gain valuable information on this challenging area of practice and to get insight on how to provide input to the work group prior to finalizing the practice note.

SPEAKERS

• James J. Rizzo, MAAA, ASA, EA, FCA
  Chairperson, ASOP No. 6 Practice Note Work Group

• Jim Whelpley, MAAA, ASA, EA, FCA
  Member, ASOP No. 6 Practice Note Work Group

• John Bartel, MAAA, ASA, FCA
  Member, ASOP No. 6 Practice Note Work Group

• Colleen O’Malley Driscoll, MAAA, FSA, EA, FCA
  Member, ASOP No. 6 Practice Note Work Group

• Piotr Krekora, MAAA, ASA, EA, FCA
  Member, ASOP No. 6 Practice Note Work Group

• Dale H. Yamamoto, MAAA, FCA
  Member, ASOP No. 6 Practice Note Work Group

MODERATOR

• John Schubert, MAAA, ASA, FCA
  Chairperson, Retiree Benefits subcommittee
  Member, ASOP No. 6 Practice Note Work Group

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 organized and continuing education (CE) credits for attending this live webinar.

We also believe in good faith that Enrolled Actuaries may earn 1.8 continuing professional education (CPE) non-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.

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