Event page
A brief review of the current multiemployer plan system and proposed reforms not included in ARPA.
VA Reserve and Capital Work Group Submits APF to Update RMD to NAIC
The Variable Annuity Reserves and Capital Work Group submitted an amendment proposal to the NAIC’s Life Actuarial Task Force (LATF) to update the reference to the required minimum distribution (RMD) age in the VM-21 Standard Projection Amount pursuant to enactment of the federal Setting Every Community Up for Retirement Enhancement (SECURE) Act.
ARCWG Submits Fixed Annuity PBR Deviations Grid to NAIC
The Academy’s Annuity Reserves and Capital Work Group submitted a summary of the differences between the Academy fixed annuity principle-based reserving (PBR) framework proposal exposed by the National Association of Insurance Commissioners VM-22 Subgroup in October 2020 and the current framework for Valuation Manual (VM)-21 (variable annuity PBR).
Academy and Board Defeat Lawsuit Challenging 2018 Bylaws Amendment Changing Composition of the Academy’s Selection Committee That Appoints Members to the ABCD and ASB
After two years of litigation funded by the Conference of Consulting Actuaries (CCA), Judge Michael Mullen of the Circuit Court of Cook County, Illinois, entered summary judgment in the lawsuit in favor of the defendants—the Academy and current and former members of its Board of Directors. Judge Mullen found that the Academy Board had the authority to adopt a September 4, 2018, bylaws amendment that changed the membership of the Academy’s Selection Committee. Read more.
ASOP No. 6 Practice Note on Valuing Retiree Health Benefit Plans
The ASOP No. 6 Practice Note Work Group released their practice note, ASOP No. 6—Development of Age-Specific Retiree Health Cost Assumptions, Including Applications to Pooled and Non-Pooled Health Plans, to provide information on valuing retiree health benefit plans.
This Week: Registration Open for April Professionalism Webinar; Academy Unveils Webpage on Diversity, Equity & Inclusion; Social Security Webinar Is Next Week; New Pension Webinars Announced
Read the latest issue of This Week—the Academy’s end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication.
Academy Unveils Webpage on Diversity, Equity & Inclusion
The Academy has published a webpage on diversity, equity, and inclusion to collect references and links to our many efforts to recognize the importance of a diverse and inclusive actuarial profession. Our efforts include examination of health and health insurance systems, focusing on health disparities and contributing factors, and recognition of Black History Month, Women’s History Month, and International Women’s Day.
Monograph and Issue Brief on Social Security Individual Equity and Social Adequacy
The Social Security Committee released a monograph and an issue brief on individual equity and social adequacy as those principles apply to social security reform options.
