The Role of the Actuary Subgroup submitted comments to the NAIC’s Life Actuarial (A) Task Force (LATF) on revisions to Section VM-31 of the Valuation Manual applicable to qualified actuaries for clarification and consistency with the Standard Valuation Law.
Following the re-introduction of the Public Employee Pension Transparency Act (PEPTA) in the U.S. House of Representatives, the Academy said that it hopes that the bill will lead to a discussion that raises the awareness of public sector plan issues in the United States, including where information is currently provided, what current disclosures mean, and what other information would be useful to the public.
Joint Academy Life Experience Committee and SOA Preferred Mortality Oversight Group submitted comments to the NAIC’s Life Actuarial (A) Task Force (LATF) on the removal of the provisions for unisex rates as applied to reserves.
Senior Pension Fellow Ted Goldman submitted comments to the Senate Finance Committee on its hearing, “The Multiemployer Pension Plan System: Recent Reforms and Current Challenges.”
The Life Illustrations Work Group submitted comments to the NAIC’s IUL Illustration (A) Subgroup on revisions to Actuarial Guideline (AG) 49.
The Academy now provides StateScan—state legislative reports on key topics—as a service to its members. Each report shows legislation in all 50 states on a selected topic, including a short bill summary, legislative status, and sponsor information. All reports automatically update the status of listed bills. Login now to access StateScan here.
The Price Optimization Task Force submitted comments to the NAIC’s executive committee on changes made to the proposed Price Optimization White Paper.
