The Pension Committee released a comment letter on the decision by the Internal Revenue Service (IRS) to limit pension actuaries’ ability to interact with IRS actuaries and other experienced employee-benefits personnel.

The latest issue of PBA Perspectives features updates on principle-based reserving as well as regulatory, legislative, and Academy activities surrounding the implementation of the principle-based approach (PBA) for life insurance.

The July issue of HealthCheck covers the Medicare Subcommittee’s issue brief on Medicare’s financial condition, the Academy’s webinar looking at principle-based reserve modeling for long-term care insurance, and notes recent legislative and regulatory updates, including the Academy’s recently released StateScan Quarterly summer newsletter.

The Committee on Professional Responsibility (COPR) of the Academy’s Council on Professionalism has released a new discussion paper, Considerations of Professional Standards in International Practice. As actuarial work crosses national borders, actuaries are becoming exposed to a variety of laws and professional standards from different jurisdictions.