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Social Security Reform Options Through the Lens of Individual Equity and Social Adequacy Considerations

Webinar
Social Security Reform Options Through the Lens of Individual Equity and Social Adequacy Considerations
Tuesday, March 16, 2021 | 12–1:30 p.m. EDT | USQS CE Eligible and JBEA CPE Eligible

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

ABOUT THIS WEBINAR

This webinar presented analysis performed by the Academy’s Social Security Committee on three reform proposals from across the political spectrum that were designed to eliminate the existing program deficit. The proposals were analyzed using two principles: individual equity, which bases a worker’s benefit on the value of the worker’s own contributions; and social adequacy, which bases a worker’s benefit on their financial need. Other proposals including those put forth by now-President Biden were also discussed.

SPEAKERS

  • Amy Kemp, MAAA, ASA, EA
    Chairperson, Academy Social Security Committee

  • Janet Barr, MAAA, ASA
    Member and Former Chairperson, Academy Social Security Committee

  • Ron Gebhardtsbauer, MAAA, FSA
    Former Chairperson, Academy Social Security Committee

MODERATOR

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

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 Joint Board for the Enrollment of Actuaries (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.

Please note recent updates to the process for requesting a Certificate of Attendance that were requested by the JBEA. Make sure to review these changes carefully to ensure you are eligible to request and receive your Certificate of Attendance for any Academy webinar.

  • Individual EAs now have two business days after attending the live event to submit an individual request for a Certificate of Attendance in which one is still required to attest to their actual attendance for the full webinar.
  • If you are attending as part of a group registration, your name must be on the attendee list submitted to the Academy. Please refer to our group registration policy for more information.

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 in its entirety, 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. Additionally, group registrants have to be on their employer registration group list.

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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