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The Impact of COVID-19 on Retirement Plans

Webinar
The Impact of COVID-19 on Retirement Plans
Tuesday, Dec. 15, 2020 | 12–1:30 p.m. EST | USQS CE Eligible and JBEA CPE Eligible

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

Please click here for important updates to the group registration policy and EA certificate requests.

REGISTRATION FEES:

  • Members: $50
  • Nonmembers: $100
  • Government regulators are invited free of charge. Gwen Pegram at webinarhelp@actuary.org to receive a discount code to register.

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

ABOUT THIS WEBINAR

This webinar covers the short and long ranging impacts of COVID-19 on pension plans–private, multiemployer, and public–and their sponsors, recognizing that much is still uncertain. The panel discusses the stress placed on certain plan sponsors and governments brought on by the current economic environment as a result of the pandemic and the actions taken (or not taken) in response. This webinar also examines how actuaries might reflect this current and expected experience in response to the financial and demographic considerations for each plan–which may vary widely. The presenters cover two Academy Issue Briefs–Impact of COVID-19 on Pension Plan Mortality Experience and Assumptions, Including Mortality and The Impact of the COVID-19 Pandemic on Public Pension Plans.

SPEAKERS

  • Eric Keener, MAAA, FSA, FCA, EA
    Chairperson, Retirement System Assessment and Policy Committee

  • Todd Tauzer, MAAA, FSA, FCA, CERA
    Chairperson, Public Plans Committee

  • Christian Benjaminson, MAAA, FSA, EA
    Chairperson, Multiemployer Plans Committee

MODERATOR

  • Linda K. Stone, MAAA, FSA
    Senior Pension Fellow, American Academy of Actuaries

Updates to the Group Registration Policy and EA Request for Certificate of Attendance Process
At the request of the Joint Board for the Enrollment of Actuaries (JBEA), the Academy has updated our group registration policy and the process for requesting a Certificate of Attendance. Please review these changes carefully to ensure you are eligible to request and receive your Certificate of Attendance for any Academy webinar. These changes are effective immediately.

  • Group registration individual attendee names must be submitted so that attendees can be verified before any individual can obtain an individual certificate. If you are part of a group registration, your company must submit the list of those who attended within one business day of the webinar. Your name must be on this list submitted by your employer in order for any individual in that group registration to request and receive an individual Certificate of Attendance. The list must be submitted by any employer using the group registration option using this template which must be individually submitted and specific to each Academy webinar.
  • Individual EAs must submit an individual request for a Certificate of Attendance in which one is still required to attest to their actual attendance, but now must do so within two business days after the webinar. Please note this is a change in the Academy process requested by the JBEA. You will now have two business days after attending the live event to submit your request for a certificate of attendance.
  • These changes were requested by the JBEA. No exceptions will be permitted by the Academy.

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.

This list must be submitted using this template and within one business day of the webinar. Your name must be on this list submitted by your employer in order for any individual in that group registration to request and receive an individual JBEA CPE Certificate of Attendance. The list must be submitted by any employer using the group registration option using this template, which must be individually submitted and specific to each Academy webinar.

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. Phone connections for the group are not provided with this registration—your group must stream audio 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.

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 two business 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.

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