This Week, June 25-29, 2012


Recent Academy Activity, June 25 – 29, 2012

Supreme Court Leaves Most of Affordable Care Act Intact

In a statement, the Academy called the court’s ruling a step toward ensuring that health insurance markets attract a broad cross section of risk, a cornerstone to any viable health system.
  • Plan to attend a July 11 webinar—for actuaries in all practice areas—on the Supreme Court ruling
  • Read the special member alert on the June 28 court decision
  • Check out the updated Voters’ GuideMaking Health Care Reform Work: Why Broad Participation Is Necessary
  • Read the Academy News Release—Actuaries: SCOTUS Ruling Preserves The Individual Mandate

Reminders: Upcoming Deadlines

Member Alerts

  • Pension: The Governmental Accounting Standards Board approved two new standards affecting state and local government pension plans: Statement No. 67, Financial Reporting for Pension Plans and Statement No. 68, Accounting and Financial Reporting for Pensions. Log in to read the full alert.
  • Pension: House and Senate conferees have agreed to changes to pension funding stabilization legislation, including most of the provisions previously passed by the Senate. Log in to read the full alert.

Academy in the News

News from the Actuarial Standards Board

  • The July 2012 Boxscore is now available. Read about the ERM Risk Treatment exposure draft, Pension Risk discussion draft, Principles-Based Reserves discussion draft, and more.
  • The ASB released exposure draft ASOP Risk Treatment in Enterprise Risk Management for comment. Responses are due Sept. 10.

Website: New Postings

  • Life Practice Council Vice President Cande Olsen presented at an interim meeting of the NAIC Contingent Deferred Annuity (A) Working Group regarding the solvency and risk management issues associated with contingent annuities.
  • The Academy’s Flood Insurance Subcommittee issued a comment letter to Congressional leaders concerning H.R. 4348, a bill reforming the National Flood Insurance Program and reauthorizing it for five years.

Recent Events

  • More than 5,200 actuaries participated in this week’s Professionalism webinar to learn more about the ABCD’s request-for-guidance process. Speakers presented case studies and answered questions from the live audience. Members: Log in to download the slide presentation and audio recording.

Upcoming Events

  • Sept. 11–12: Life PBR—Test Drive the New VM-20. This two-day interactive seminar will allow attendees to work hands-on with the new reserving requirements in VM-20 and apply them to real-life examples. The seminar also will provide plenty of opportunity to discuss specific components of VM-20 with expert faculty.

Recently Released Publications

  • June Actuarial Update: Read about the Academy’s statement on the Supreme Court’s ruling and updates on the five candidates running for three regular director seats on the Academy Board of Directors.
  • June HealthCheck: Read about the new voters’ guide on health care reform and why broad participation is necessary; review recent work of the Health Practice Council.
  • Summer Enrolled Actuaries Report: Read details about the 2012 Enrolled Actuaries meeting and other issues that affect pension actuaries.

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