 |
|
|
|
Pension Practice Council
Printer-friendly version- 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 meet its mission.
Staff liaison: David Goldfarb
Chairperson: John Moore
Vice Chairperson: Eli Greenblum
Related Publications
Pension Practice Council comments to Moody’s in response to its proposed adjustments to public pension data reported by US state and local governments, as discussed in a Moody’s report, Adjustments to US State and Local Government Reported Pension Data. (October 02, 2012)
Pension Practice Council comments to the Pension Committee of the Actuarial Standards Board regarding its discussion draft, Assessment and Disclosure of Risk Associated with Pension Obligations, Plan Costs, and Plan Contributions. (October 01, 2012)
Pension Practice Council issue brief debunking the myth that an 80% funded ratio is the proper basis for determining whether a pension plan is financially or “actuarially” sound. (July 31, 2012)
Pension Practice Council letter to Sen. Orrin Hatch responding to a January 10, 2012 report entitled “State and Local Government Defined Benefit Pension Plans: The Pension Debt Crisis that Threatens America.” (July 31, 2012)
Pension Practice Council letter to members of the House-Senate Conference Committee commenting on the pension funding stabilization provisions included in S. 1813 as passed by the Senate. (May 02, 2012)
Pension Practice Council issue brief examining the Pension Benefit Guaranty Corporation (PBGC) premium structure. (April 26, 2012)
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:
Other briefing resources:
- Click here to view the report on the SOA website.
- Video of briefing: part 1, part 2, part 3, part 4
Pension Practice Council and Public Plans Subcommittee comment letter to the Securities and Exchange Commission requesting that public pension plans be excluded from the definition of "investment strategies" and that enrolled actuaries and members of the five U.S.-based actuarial organizations be excluded from the definition of "municipal advisors" to the extent they are providing actuarial services that are governed by the Actuarial Standards of Practice and the Code of Professional Conduct. (June 22, 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)
Pension Committee analysis of pension funding reform proposal released by Bush administration and that analysis later presented to a House Ways and Means subcommittee. (March 08, 2005)
