The American Academy of Actuaries announced that Darryl Walter has joined the organization as its new director of membership today. In this role, Walter will lead the Academy’s initiatives to enhance member value and benefits, and to expand membership to all qualified actuaries.
The Academy’s Pension Practice Council published an issue brief that examines the different measurements of the obligations of defined-benefit pension plans that discusses two common measurements: solvency value and budget value. Read the news release.
Senior Life Fellow Nancy Bennett addressed state legislators on the lifetime-income needs of retirees in a presentation given at the National Conference of Insurance Legislators’ annual meeting.
The North American Actuarial Council released its 2012-2013 annual report, outlining its work and highlighting its accomplishments for the year.