AmericanAcademyOfActuaries

Regulators and other attendees at the NAIC summer meeting had an opportunity to talk one-on-one with representatives of the ASB, ABCD, COQ, and Council on Professionalism during a breakfast and office hours hosted by the Academy’s Council on Professionalism on Aug. 11. Topics of discussion included qualifications, use of “professional judgment” as provided in ASOPs, and the movement within the profession to risk-focused analysis.

The Pension Committee sent comments to the Internal Revenue Service in response to its proposed regulations concerning the prohibited payment option under single-employer defined benefit plans when a plan sponsor is in bankruptcy.