The Deposit Fund Subgroup submitted its proposal for reserving synthetic GICs based upon the report presented to the Life Actuarial Task Force on November 28, 2012.
Committee Sends Letter to IRS on ERISA Notice Requirements
The Pension Committee sent comments to the Internal Revenue Service regarding its recent guidance related to notice requirements under section 101(j) of ERISA for funding-related benefit limitations in single-employer defined benefit pension plans.
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Chief Medicare Actuary Retires: Academy Applauds Foster’s Service to Public and Profession
The Academy offered a heartfelt thank you to Richard S. Foster, who is retiring this week as Centers for Medicare & Medicaid Services (CMS) chief actuary after a long and distinguished career in public service.
Opportunity to Lead: Nominations Sought for Academy Regular Directors
Members are invited to nominate themselves or others for consideration as an Academy regular director by submitting names directly to the Academy’s Nominating Committee.
Are You an Academy Volunteer? Take Action Now to Acknowledge COI Policy and CE Requirements
Every year, Academy members who serve on Academy boards, councils, committees, subcommittees, task forces, and work groups, must acknowledge the existing conflict of interest (COI) policy and attest to compliance with the continuing education (CE) requirements of the U.S. Qualification Standards. To comply, click on the special link in the email you received yesterday from “American Academy of Actuaries [coi@actuary.org]” or reply as instructed in that email.
The Academy/SOA's Cancer Claims Cost Tables Work Group submitted a letter to the NAIC's Health Actuarial Task Force that updated the progress of the valuation table and the work it expects to do over the next six months.
Subgroup Submits Comments to NAIC on Draft ORSA Guidance Manual
The ORSA Subgroup submitted changes to the NAIC on its December 2012 draft, Guidance Manual for the Own Risk and Solvency Assessment, and included information on actuaries who are involved in enterprise risk management.