Pension Practice Council

The Pension Practice Council's mission is to serve the public and the United States actuarial profession in matters of retirement and Social Security. Within the scope of this mission, the Council:

  • Promotes effective retirement security programs.
  • Provides strategic direction to the committees, subcommittees and task forces that report to the council.
  • Reviews and approves deliverables from committees, subcommittees and task forces that report to the council to ensure they meet the Academy's and PPC's mission and quality standards.
  • Addresses conflicts of opinions within the committees, subcommittees and task forces that report to the council.
  • Communicates with Academy members and the public on a regular basis.
  • Advances actuarial practice by informing and educating its members on public policy and professionalism issues and current and emerging practices.
  • Convenes members of the committees, subcommittees and task forces that report to the council, as well as selected other members who enhance the council's ability to fulfill its mission.
Staff liaison:

Chairperson: William Hallmark
Vice Chairpersons: Margaret Berger, Scott Hittner, Josh Shapiro
Noel Abkemeier
Stephen Alpert
Michael Bain
Bruce Cadenhead
Donald Fuerst
Kenneth Hohman
Eric Keener
Ellen Kleinstuber
Timothy Leier
Thomas Lowman
Tonya Manning
Andrew Peterson
Francis Ratnasabapathy
John Schubert
Frank Todisco
James Verlautz
Aaron Weindling

Related Publications

Multiemployer Plans Committee comments to the Pension Benefit Guaranty Corporation (PBGC) on modifications to the instructions for the 2017 Schedule MB (Multiemployer Defined Benefit Plan Actuarial Information) of the Form 5500.
(November 20, 2017)
Academy Position Statement on support for policy and educational initiatives to increase retirement income options within employer-sponsored defined contribution (DC) plans. (October 31, 2017)
Pension Committee comments to the AICPA Employee Benefit Expert Panel on the current ASC 960 reporting standards for defined benefit pension plans. (October 27, 2017)
Pension Practice Council comment letter to Missouri State Employees’ Retirement System Board on the newly-adopted Terminated-Vested Member Buyout Program.
(October 23, 2017)
Intersector Group notes of its May 2017 meeting with the Pension Benefit Guaranty Corporation.
(August 03, 2017)
Intersector Group notes of its May 2017 meeting with the Treasury Department and Internal Revenue Service. (August 03, 2017)
Social Security Committee issue brief on 2017 Social Security Trustees Report examining the program’s long-term solvency issues and recommending that Congress should act soon to improve the long-term financial outlook of the program. (July 31, 2017)
Pension Practice Council issue brief that explores various methods to measure the financial health of pension plans. (July 13, 2017)
Multiemployer Committee issue brief explores options to address failing multiemployer plans and ways to strengthen the multiemployer pension system. (June 27, 2017)
Presentation on Capitol Hill by Multiemployer Committee on how to address failing multiemployer plans and strengthen the multiemployer pension system. (June 27, 2017)
Pension Committee comment letter to the IRS and Treasury on the projection of benefits under cash balance plans with variable interest credits. (May 12, 2017)
Social Security Committee issue brief that discusses gender-related factors that can cause differences to the benefits women and men receive from Social Security. (May 12, 2017)
Pension Committee comment letter to the Actuarial Standards Board (ASB) on the proposed Actuarial Standard of Practice (ASOP), Setting Assumptions.
(May 02, 2017)
Pension Practice Council letter to Congressional leaders on pension-related revenue offsets. (April 18, 2017)
Notes from the Multiemployer Plans Subcommittee meeting on Feb. 22 with officials of the Treasury and Labor departments, and Pension Benefit Guaranty Corporation to discuss applications by multiemployer pension plans in critical and declining status to suspend benefits or partition liabilities. (March 23, 2017)
Multiemployer Pension Plans Subcommittee comments to the Pension Benefit Guaranty Corporation (PBGC) on alternative two-pool withdrawal liability methods. (February 24, 2017)
Pension Committee comment letter to the IRS on proposed regulations to the minimum present value requirements for defined benefit (DB) plan distributions. (February 24, 2017)
Pension Committee, Multiemployer Plans Subcommittee, and Public Plans Subcommittee comments to the Actuarial Standards Board (ASB) on a draft actuarial standard of practice (ASOP) on risk assessment and disclosure. (October 31, 2016)
Pension Committee (PC) comments to the Actuarial Standards Board (ASB) on the third exposure draft of a proposed actuarial standard of practice (ASOP) on modeling. (October 21, 2016)
Pension Practice Council issue brief that examines the Pension Benefit Guaranty Corporation’s (PBGC) multiemployer pension program, which could exhaust its assets in less than 10 years and be forced to cut benefits to retirees receiving PBGC support unless changes are made. (October 20, 2016)
Pension Committee issue brief that explores risk transfers by defined benefit pension plans from the perspectives of plan sponsors, beneficiaries, and policymakers. (October 11, 2016)
Intersector Group notes of its September 2016 meeting with the Treasury Department and Internal Revenue Service. (October 06, 2016)
Intersector Group notes of its September 2016 meeting with the Pension Benefit Guaranty Corporation (PBGC). (October 06, 2016)
Pension Committee comments to U.S. Senate Special Committee on Aging Chairman Susan Collins on efforts to encourage open multiple employer plans.
(September 01, 2016)
Lifetime Income Risk Joint Task Force comment letter to the Department of Labor concerning proposals for increasing retiree income options, with a focus on additional safe harbors that encourage delivering lifetime income.
(August 19, 2016)