AmericanAcademyOfActuaries

News from the Actuarial Standards Board

• ASB approved exposure of ASOP No. 6 revision, Measuring Retiree Group Benefits Obligations and Determining Retiree Group Benefits Plan Costs or Contributions. Comments are due July 15, 2012. Learn more.

• The April 2012 Boxscore is now available. Read about the exposure of ASOP Nos. 22 and 28 revisions; the exposure of the Risk Evaluation in Enterprise Risk Management draft; and the 2011 annual report.

Academy News

• Nominate exceptional Academy members! Nominations for three different Academy awards are open. The Jarvis Farley Service Award is given to an Academy member who has made an extraordinary contribution to the profession through long-time service as an Academy volunteer. The Robert J. Myers Public Service Award recognizes extraordinary contribution to the public good through service to the government or in the public sphere. And, initiated last year, are the annual Awards for Outstanding Volunteerism to honor Academy volunteers who have made a single, noteworthy contribution above and beyond what is reasonably expected.

Website: New Postings

• The Health Practice Council and the Committee on Qualifications sent a letter to all state insurance commissioners and chairs of each state house and senate insurance committee regarding the appropriate definition of “Qualified Actuary” as it relates to the Affordable Care Act’s rate review provision.

Media Coverage

• Media speculation has heated up in anticipation of Monday’s expected release of the Medicare and Social Security trustees’ reports, with CNNMoney calling on Academy Senior Fellows Don Fuerst and Cori Uccello to predict what the report might say.

Upcoming Events

• Save the date for the Academy Annual Meeting and Awards Luncheon: Monday, Oct. 15, 2012. This event will be held in conjunction with the Society of Actuaries Annual Meeting at Washington’s Gaylord National Resort Hotel & Convention Center. Stay tuned for more information.

• Interest in the 2012 Life and Health Qualification Seminar is running high. Register early to guarantee your seat at this primary source of instruction for actuaries who wish to be qualified to issue actuarial opinions for either the NAIC Life and A&H Annual Statement or the NAIC Health Annual Statement.

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