Newsroom

page 2

Academy responds to letter

Below is the Academy’s June 6, 2008, response to a letter sent by several unions and trade groups regarding the issue of market value disclosures in public pension plans:

“The American Academy of Actuaries thanks you for your June 6 statement and for your interest in and input on the issue of market value disclosures in public pension plans.

“The American Academy of Actuaries recognizes this as a board-level issue that extends well beyond disclosures and speaks to overall standards of actuarial practice. As always, the Academy (through the Actuarial Standards Board) promulgates standards by exposing them to the profession and other interested stakeholders. The Academy has been exploring public pension disclosure on behalf of the profession for a year. In fact, some signatories’ organizations participated in the public-plans roundtable sponsored by the Academy and Society of Actuaries in February. The Academy will continue to follow its process and expose for comment any new proposals for actuarial practice.

“The American Academy of Actuaries is a 16,000-member professional association whose mission is to assist public policymakers by providing objective expertise and actuarial advice on risk and financial security issues. The Academy also sets qualification, practice, and professionalism standards for actuaries in the United States.”

Search | Site index | Contact us

Back to top

American Academy of Actuaries
1100 Seventeenth Street NW, Seventh Floor, Washington, DC 20036
202.223.8196, fax 202.872.1948
Copyright © 2008 American Academy of Actuaries. All rights reserved.
Technical question about this site? Contact the Webmaster.