The Revised ASOP No. 4: What You Need to Know

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ABOUT THIS WEBINAR

The recently revised actuarial standard of practice (ASOP) No. 4, Measuring Pension Obligations and Determining Pension Plan Costs or Contributions, takes effect Feb. 15, 2023. Our presenters will discuss why the Actuarial Standards Board (ASB) decided to revise the ASOP, give an overview of the scope, and highlight changes practitioners should be aware of, including new guidance on amortization methods, low-default-risk obligation measures, and output smoothing methods.

Speakers

• Chris Noble, MAAA, FSA
  Member, ASB

• Matthew Smith, MAAA, EA, FCA
  Member, ASB Pension Committee

Moderator

• Grace Lattyak, MAAA, FSA, EA, FCA
  Vice Chairperson, Academy 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 1.2 organized and professionalism continuing education (CE) credits for attending this live webinar.

We also believe in good faith that Enrolled Actuaries may earn up to 1.2 continuing professional education (CPE) 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, or 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.

• All EAs who want to receive a Certificate of Attendance must be registered either as an individual attendee or listed as part of a group registration and must submit their request within two business days of the event. You are still required to attest to your actual attendance for the full webinar in order to receive full JBEA credit.

GROUP REGISTRATION POLICY

While many people are working remotely, the Academy is offering group registrations to employers of our members. Please read our group registration policy carefully.

• The lead registrant must be an Academy member. You will receive one computer connection (link) to the webinar that will allow you to broadcast the live event to your remote attendees, who must be members of the same company, using a platform (Zoom, WebEx etc.)* of your company’s choosing. Audio is streamed via the web.
• Within one business day of the webinar, the lead registrant is responsible for submitting a list of attendees, using this template created for the event, to webinargroups@actuary.org. Failure to submit this list will result in no longer being able to register your group for future webinars.

* 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.

QUESTIONS: For more information about this webinar, contact Doreen Hoyle at ProfWebcast@actuary.org.