Public Policy Presentations

Contingent Annuity Issues Work Group presentation to the NAIC Contingent Deferred Annuity (A) Subgroup comparing two different investment arrangements: typical contingent annuity design vs. self insurance. (January 19, 2012)
Contingent Annuity Work Group presentation to the NAIC's Contingent Deferred Annuity (A) Subgroup on contingent annuities, submitted to the NAIC on October 28, 2011. (December 22, 2011)
Pension Practice Council presentation for the Capitol Hill Briefing: Important New Research Findings Indicate a "Rising Tide" of Contributions Facing Defined Benefit Pensions. Presenters from the American Academy of Actuaries and Society of Actuaries discussed new research findings from the actuarial profession that illustrate pension funding challenges facing the private defined benefit system. Presenters also discussed important implications for plan sponsors, beneficiaries, and policymakers. 

Other briefing resources: (October 11, 2011)
Academy/SOA Long-Term Disability Work Group update to the NAIC's Health Actuarial Task Force on the work group's progress regarding the creation of a valuation table for group long-term disability.  (August 23, 2011)
Nonforfeiture Modernization Work Group's Nonforfeiture Improvement Report that makes certain recommendations with respect to life insurance and annuity nonforfeiture mandates and sets forth certain items for further discussion. (August 1, 2011)
Medicaid Work Group presentation regarding the Medicaid rate-setting process for Medicaid Managed Care programs. The presentation includes a discussion about base data sources, base data adjustments, risk adjustment, risk-sharing arrangements, and performance incentives. (July 21, 2011)
Extreme Events Committee presentation on actuarial rates in the context of the National Flood Insurance Program (NFIP) before the National Conference of Insurance Legislators. (July 17, 2011)
Co-chairperson of the Joint Academy/Society of Actuaries CLASS Act Task Force Steve Schoonveld presentation on the Community Living Assistance Supports and Services (CLASS) program before the National Conference of Insurance Legislators (NCOIL) Summer Meeting in Newport, RI. (July 16, 2011)
Flood Insurance Subcommittee presentation regarding the actuarial condition of the National Flood Insurance Program (NFIP) and its future. (July 12, 2011)
Cori Uccello, Senior Health Fellow, and Thomas Wildsmith, Vice President for Health Issues, slide set regarding the 2011 Medicare Trustees Report. The slide set was presented during a Capitol Hill briefing and provides an overview of the financial projections in the report and the outlook for the program's sustainability. The slide set also addresses various Medicare-related debt- and deficit-reduction proposals and the key cost, access and quality issues associated with each proposal. (May 27, 2011)
Pension Practice Council’s presentation slides for the Capitol Hill briefing: An Actuarial Perspective on the 2011 Social Security Trustees Report. Presenters from the Academy's Social Security Committee shared insights on the 2011 Social Security Trustees Report and presented reform options that, if enacted now, could help address Social Security's long-term financial soundness.
(May 26, 2011)
Pension Practice Council presentation slides of the April 4 Capitol Hill briefing on Pension Risk and Your Retirement. Presenters Ethan Kra and Lane West addressed the risks inherent with retirement plan designs and the implications for retirement planning and public policy reforms. The video of the briefing is also available. (April 14, 2011)
Life Experience Subcommittee update on the Development of New Mortality Tables to the NAIC's Life Actuarial Task Force. (March 24, 2011)
Stu Mathewson, chair of the Academy's Flood Insurance Subcommittee, presentation before the National Conference of Insurance Legislators' (NCOIL) Property-Casualty Insurance Committee on the actuarial implications of the flood mapping update being done within the National Flood Insurance Program. (March 2, 2011)
Financial Reporting Committee presentation on the discount rate for insurance contracts to FASB and IASB. (February 3, 2011)
Slides to LHATF from the Academy Life Experience Subcommittee regarding Development of New Payout Annuity Mortality Table. (August 12, 2010)
PBA 101 slides describing the history and basics of the principle-based approach to reserves and capital. (August 1, 2010)
Pension Practice Council presentation slides for the July 15 webinar about the Governmental Accounting Standards Board's recently released Preliminary Views document on Pension Accounting and Financial Reporting by Employers. Panelists discussed several aspects of the GASB document along with an overview of the GASB's progress on the Pension Accounting and Financial Reporting research project.

(July 16, 2010)
Steven Schoonveld presentation before the July 11 National Conference of Insurance Legislators (NCOIL) Summer Meeting. The presentation focuses on educating lawmakers about the CLASS Act (the new voluntary, long-term care services program). (July 11, 2010)
Senior Health Fellow Cori Uccello presentation before a June 15 American Enterprise Institute event, offering an actuarial perspective on health care reform implementation. (June 15, 2010)