Pension Accounting Committee

The Committee’s mission is to bring to the public and the United States actuarial profession expertise regarding financial reporting for retirement plans. Within the scope of this mission, the Committee:
  • Provides independent and objective analysis, advice, and education to stakeholders on current and proposed financial reporting for retirement plans.
  • Monitors activities, reviews proposals, and provides comments as appropriate to accounting standards setters.
  • Supports the profession’s continuing educational and training efforts that advance actuarial practice or enhance professionalism by disseminating information to actuaries regarding recent policy developments, new regulations or standards.
  • Promotes understanding and cooperation between the actuarial and accounting professions in areas of mutual interest.
  • Coordinates with other Academy committees where appropriate on issues with overlapping jurisdiction.
  • Develops practice notes for the membership.
  • Comments on actuarial standards of practice related to financial reporting.

Staff liaison: David Goldfarb

Chairperson: Stephen Alpert
Vice Chairperson: John Steele

 James Balfe
 Kenneth Friedman
 Patrick Gabel
 Eric Keener
 Richard Kutikoff
 Jason Malone
 Kathleen Manning
 Robert Mishler
 Andrew Peterson
 Francis Ratnasabapathy
 James Rizzo
 Jay Rosenberg
 Michael Schachet
 William Sohn

Related Publications

Comments to FASB on Proposed Accounting Standards Update for Financial Instruments
Pension Accounting Committee comments to the Financial Accounting Standards Board (FASB) regarding its proposed Accounting Standards Update: Financial Instruments (Topic 825) – Disclosures about Liquidity Risk and Interest Rate Risk. (October 01, 2012)
Joint Comments on GASB’s 'Preliminary Views on Economic Condition Reporting: Financial Projections'
Pension Accounting Committee and Public Plans Subcommittee joint comment letter to the Governmental Accounting Standards Board responding to GASB’s Preliminary Views on Economic Condition Reporting: Financial Projections. (April 02, 2012)
Letter to NAIC Regarding Accounting for Pension Benefits and OPEBs
Pension Accounting Committee and Joint Committee on Retiree Health letter to the National Association of Insurance Commissioners (NAIC) on the exposure drafts of Statements of Statutory Accounting Principles (SSAP) No. 92 and No. 102. (December 09, 2011)
Working with Pension Plan Auditors
Pension Accounting Committee practice note with information for actuaries on current practices relevant to the audit of pension plan financial information that is subject to US generally accepted accounting principles (US GAAP). (May 24, 2011)
Pension Accounting Committee Provides Comments to FASB on Its Proposed Accounting Standards Update on Financial Instruments