 Join Us in Celebrating Academy Volunteers
In celebration of National Volunteer Week, join the Academy in thanking our volunteers for all they do to promote professionalism and serve the public. Volunteering is a great way to give back and contribute to the profession while learning and sharing with other professionals who truly understand the challenges and rewards of the profession. Interested in volunteering for the Academy and learning more about how you can contribute? Click here to get started.
Register Now for ASOP No. 11 Webinar Next Month
Join us next month for a webinar on “The Revised ASOP No. 11: Understanding Important Changes,” the third installment of the series, which will look at recently revised actuarial standard of practice (ASOP) No. 11, Financial Statement Treatment of Reinsurance Transactions Involving Life or Health Insurance. It will be held on Thursday, May 12, from noon to 1:30 p.m. EDT. Register now.
Webinar Examines Revised ASOP No. 4 on Pension Contributions
The Academy hosted the second in its webinar series on recently revised ASOPs on Friday. “The Revised ASOP No. 4: What You Need to Know” examined the latest revision of ASOP No. 4, Measuring Pension Obligations and Determining Pension Plan Costs or Contributions, which will take effect Feb. 15, 2023. Presenters were Actuarial Standards Board (ASB) member Christopher Noble and ASB Pension Committee member Matthew Smith. Academy Pension Committee Vice Chairperson Grace Lattyak moderated. A recording of the webinar will be available soon-listening to the recorded webinar can be counted toward the 3 hours of continuing education (CE) on professionalism topics required annually.
Check Out New Academy Life, Pension Publications
 LTC combination product practice note: The Life Practice Council’s Long-Term Care (LTC) Combo Product Valuation Practice Note Work Group released Long-Term Care Life Insurance Combination Product Valuation, a practice note that addresses the application of the National Association of Insurance Commissioners (NAIC) Valuation Manual to these products from primarily a life insurance perspective. A previous LTC combination product practice note was developed in 2019 by the Academy’s Health Practice Council.
Issue brief on funding requirements for single-employer plans: The Pension Committee published an issue brief, Public Policy Considerations for Changing Single Employer Pension Plan Funding Rules. “This new resource draws on actuarial expertise to provide policymakers with key factors to evaluate the different available options for modifying the requirements, and to understand the interests, needs and potential impacts on plan participants, sponsors, taxpayers, shareholders, and the Pension Benefit Guaranty Corporation,” said committee Vice Chairperson Grace Lattyak. Read the Academy news release.
Register Now for Upcoming CE Opportunities in Life and Health
Obtain valuable CE credit in Academy life and health webinars, coming in May.
“Academy Life Practice Webinar-Spring 2022 Policy Update” will look at current public policy activity in life insurance issues, including the NAIC’s Life Actuarial (A) Task Force. This webinar will be held on Wednesday, May 4, from noon to 1:15 p.m. Register today. An upcoming webinar, “Health Spending Projections in the Wake of COVID-19,” will feature presentations by COVID-19 subject-matter experts-including John Poisal, deputy director, National Health Statistics Group, Office of the Actuary, Centers for Medicare & Medicaid Services-to provide information on how the pandemic has affected national health spending and is projected to affect near-term spending, including an overview of newly released national health expenditure projections. Regina Rosace, vice president & medical director, SCOR Global Life Sciences, will also present, and Rebecca Owen, chairperson of the Academy’s Health Care Delivery Committee, will moderate. The webinar will be held on Tuesday, May 24, from noon to 1 p.m. EDT. Register today.
Public Employment Opportunities
The U.S. Department of Defense (DoD) Office of the Actuary is seeking an actuary to work in its Alexandria, Va., office. The DoD Office of the Actuary provides actuarial expertise on all matters relating to military compensation and benefits. Among other duties, this role will be responsible for developing and actuarially evaluating alternatives, hypotheses, and theories about military benefits in the areas of retirement, survivor benefits, education, retiree health care, and life insurance. The application period is open through April 26. For more information and to apply, visit USA Jobs. The New Mexico Office of the Superintendent of Insurance is seeking a full-time actuary with expertise in health insurance. A minimum of five years of applicable actuarial experience is required. To apply, visit the New Mexico State Personnel Office website (“Job Opportunities” tab; Job ID 122925). Questions-email Anna.Krylova@state.nm.us.
The Academy has long supported government employers who are seeking to hire qualified actuaries. See our Public Employment Opportunity Posting Policy for more information.
Upcoming Events
In the News
Coming Soon
The latest issue of Contingencies magazine will be headed your way on May 2. Read all about COVID-19’s impact on life insurance, the “great unwinding” of Medicaid after the public health emergency ends, and much more. Watch for more updates on Capitol Hill Visits-Pension Practice Council (next week) and the combined Casualty Practice Council & Risk Management and Financial Reporting Council (early May)-virtual “Hill Visits” meetings with federal lawmakers and policymakers on Capitol Hill in Washington. You heard it here first: Nov. 2-3 are the dates for the Academy’s Annual Meeting. Planning is underway for this signature event, which will be held in Washington, D.C. Details will be available soon.
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