Pension Webinar Held on Multiemployer Plan Relief, PBGC Rules
The Academy’s Multiemployer Plans Committee Tuesday webinar, “Multiemployer Plan Provisions in the American Rescue Plan Act of 2021 (ARPA)—Discussion of Recently Issued Regulations,” provided a focused discussion on recently issued regulations stemming from the enacted ARPA multiemployer pension plan relief provisions. Presenters—Multiemployer Plans Committee Chairperson Christian Benjaminson, Vice Chairperson Joe Hicks, and committee member and Pension Benefit Guaranty Corporation (PBGC) Chief Negotiating Actuary James Donofrio—discussed proposed PBGC regulations and their implications for plan sponsors. They announced the committee will be submitting comments on the “Special Financial Assistance (SFA) by PBGC” notice for public comment by the Aug. 11 comment deadline. PBGC estimates about 200 plans are likely to be eligible for SFA, presenters said. Slides and audio are available for logged-in Academy members.
Next Week—Professionalism Webinar to Look at USQS
Join members of the Committee on Qualifications (COQ) next Thursday for “U.S. Qualification Standards: Second Exposure Draft and More,” a webinar that will explore important aspects of the current U.S. Qualification Standards (USQS). The committee has spent much of the past year developing a second exposure draft, which is open for comment until Aug. 20. Presenters—COQ Chairperson Katherine Campbell, and COQ members Lisa Slotznick and Tom Terry—will review changes proposed in the second exposure draft and discuss what constitutes a statement of actuarial opinion, basic education and experience requirements, and continuing education requirements. Academy President Tom Campbell will moderate.
Attendees will have the opportunity to earn up to 1.8 organized and professionalism continuing education (CE) credits, as well as 1.8 noncore continuing professional education (CPE) credits under Joint Board for the Enrollment of Actuaries (JBEA) rules. The webinar will be held Aug. 12 from noon to 1:30 p.m. EDT—register today.
Cyber Risk Webinar Set for Aug. 26
The Academy will host a webinar, “Cyber Risk Trends and Issues in Insurance,” in late August. Presenters will look at cyber risk—the exposure to financial and reputational harm as a result of cyberattacks specifically and cybercrime generally—which has become so prevalent and persistent in recent years as to be commonplace. Panelists will be Samuel Tashima, a member of the Casualty Practice Council’s Cyber Risk Task Force (CRTF), Erin Kenneally, director, cyber risk strategy, Guidewire Software; and Andrew Kwon-Nakamura, lead cyber pricing actuary, Zurich North America. CRTF Chairperson Norman Niami will moderate. The webinar will be held Thursday, Aug. 26, from noon to 1:30 p.m. EDT, and CE is available. Register today.
Recently Released
Contingencies has launched a new series of web exclusives. These shorter, off-month articles will investigate emerging trends, revisit past features, and leverage technology to tell compelling stories. Read the inaugural web exclusive, “The Private Space Race and Risk,” which explores the world of private space travel and posits the question, “When will an actuary be called upon to contend with the fledgling commercial space tourism line?”
Board Election Begins Next Friday
The election of Academy Board Regular Directors begins next Friday, Aug. 13. Members should have received an email this week from our election vendor, Intelliscan, which is administering the election. The email was sent on Tuesday, Aug. 3, from academy@intelliscaninc.net; please check your junk email folder if you did not receive it. (Those members whose email addresses bounced will receive paper ballots in the mail.) Also be sure to check the Board Election Center, which includes links to the candidates’ information, bios, and statements. The election will take place over a two-week period from Aug. 13–27. All members are encouraged to take part in the Academy’s election process.
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