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Actuaries Agree With HHS Concerns on CLASS Program
October 17, 2011
The Academy released a statement in response to a new report from the Department of Health and Human Services (HHS) regarding the Community Living Assistance Services and Supports (CLASS) program.
Life Financial Reporting Committee re-exposes practice note, Optional Retrospective Application of ASU 2010-26 Acquisition Costs
October 14, 2011
The Life Financial Reporting Committee has re-exposed the practice note, Optional Retrospective Application of ASU 2010-26 Acquisition Costs, for an additional two weeks. The deadline for comments is Oct. 28, 2011.
Presentation and report available for Capitol Hill Briefing on defined benefit pensions
October 12, 2011
The Academy hosted a jointly sponsored Capitol Hill briefing, Important New Research Findings Indicate a “Rising Tide” of Contributions Facing Defined Benefit Pensions, with the Society of Actuaries on Oct. 11 to present new research findings from the actuarial profession that illustrate a “rising tide” of pension funding challenges facing the private defined benefit system.
Academy announces regular director election results
October 06, 2011
Academy President Mary Frances Miller announced that Mary Bahna-Nolan, Ken Kent, and Catherine Murphy-Barron have been elected by the members to fill open regular director positions on the Academy’s board of directors. Complete election results, including the results of two amendments to bylaws, are available in her letter to the members. See related news release.
September Actuarial Update
October 05, 2011
Read about the Academy's recent activities in September 2011 Actuarial Update.
September HealthCheck
September 30, 2011
Read about President Obama’s decision to ask the Supreme Court to rule on the individual mandate requirement in the Affordable Care Act and the Medicare Steering Committee’s letter to the Joint Select Committee on Deficit Reduction in this issue of HealthCheck.
Financial Reporting Committee sent comments to the PCAOB on its auditor's report
September 30, 2011
The Financial Reporting Committee commented on a paper by the Public Company Accounting Oversight Board (PCAOB) on the issues surrounding the auditor’s report based on recent investor feedback. The committee’s comments included a recommendation to increase disclosure and provide more detail to the auditor's reporting model.
Oct. 11 Capitol Hill briefing: Important new research findings indicate a “rising tide” of contributions facing defined benefit pensions
September 30, 2011
The Academy is hosting a jointly sponsored Capitol Hill briefing with the Society of Actuaries on Oct. 11 to present new research findings from the actuarial profession that illustrates a “rising tide” of funding challenges facing the private defined benefit system. Presenters will discuss important implications for plan sponsors, beneficiaries, and policymakers. Learn more.
Actuaries: Now Is the Time to Address Social Security
September 23, 2011
The Academy's Social Security Committee urged President Obama and congressional leaders to improve the long-term solvency and sustainability of Social Security whether in a broader deficit-reduction package or through an alternative legislative track.
The Academy's Online Election Ended Sept. 2
September 15, 2011
The Academy's first-ever online election for open regular director positions on the board of directors ended Sept. 2. Also on the ballot were votes on two bylaws amendments—one implementing the profession-wide changes to the discipline process and another that shortens the term of the presidential office by one year by removing the position of penultimate past president from the Academy board of directors. Results will be announced on or before the Academy Annual Meeting Oct. 24.
