This the first of three webinars that will provide discussion around components of the recently exposed practice note “Application of ASU 2018-12 to the Accounting for Long-Duration Contracts under U.S. GAAP.” This practice note was developed by the Long-Duration Contracts Work Group of the Financial Reporting Committee of the American Academy of Actuaries.
Discussion of Variable Annuity Plans Practice Note
This webinar focused on the Variable Annuity Plans Practice Note published in 2019 which is relevant for private, multiemployer and public defined benefit (DB) pension plans that contain variable annuities
The Medicaid Committee released a public policy issue brief providing an overview of Medicaid managed care state-directed payments. The brief discusses: how these payments have evolved from supplemental and pass-through payments; recent changes to federal guidance governing them; and recommendations from the Medicaid and CHIP Payment and Access Commission (MACPAC).
This webinar focused on the latest developments for the future fixed annuity principle-based reserving framework.
Lifetime Income Risk Joint Committee Releases Issue Brief on Adding Annuity Options to Defined Contribution Plans
The Academy's Lifetime Income Risk Joint Committee released an issue brief that that provides a discussion of a variety of approaches for adding annuity options to defined contribution (DC) plans providing for insured lifetime income that begins immediately, is deferred, or is provided under an accumulation product that converts funds to lifetime income.
Lifetime Income Risk Joint Committee Releases Issue Brief on Various Types of Insured Annuities
The Academy's Lifetime Income Risk Joint Committee released an issue brief that provides a discussion of the various types of insured annuities available to individuals and their potential uses, as well as some relevant tax implications.
Lifetime Income Risk Joint Committee Releases Issue Brief on Qualifying Longevity Annuity Contracts
The Academy's Lifetime Income Risk Joint Committee released an issue brief providing a discussion of Qualifying Longevity Annuity Contracts (QLACs), which are insured annuities paid out one or more years after purchase, possibly starting at an advanced age.