The Retirement Report, Winter 2019

March 05, 2019
The Retirement Report winter issue includes a Q&A deep-dive into the Pension Practice Council’s (PPC) new practice note, Forecasting Investment Returns and Expected Return Assumptions for Pension Actuaries; the Pension Committee’s new lump sum practice note; PPC comments to the Bipartisan Policy Center; a preview of April’s Enrolled Actuaries Meeting; and recent legislative and regulatory activity.

Expanding Access to Public Insurance Plans

March 04, 2019
Proposals to expand access to public health insurance plans are being put forward as a way to supplement efforts to strengthen insurance markets under the Affordable Care Act (ACA) or to replace the ACA marketplaces and/or other health insurance programs altogether. Goals of these proposals vary and include increasing access to affordable coverage, exerting downward pressure on provider prices, increasing plan availability, and reducing the number of uninsured.

Contingencies, March/April 2019

March 01, 2019
In the March/April issue of Contingencies, the cover story, “Fighting Fake News,” explores cognitive biases—what they are, how to recognize them, and how to avoid falling prey to their clarion call. This feature aims to provide some clear-headed tools that today’s reader can deploy to distinguish fact from fiction—and lays out how actuaries are in a unique position to help.

Professionalism Counts, February 2019

February 28, 2019
The Actuarial Standards Board has released a fourth exposure draft of a proposed new actuarial standard of practice (ASOP) titled Modeling. The proposed ASOP will provide guidance to actuaries in any practice area when performing actuarial services with respect to designing, developing, selecting, modifying, or using all types of models. (Actuarial Update, February 2019)

Actuarial Update, February 2019

February 28, 2019
In the February Actuarial Update, the Academy announced that members may begin nominating their colleagues to become Academy regular directors. Nominations are due May 1.

It’s Time to Nominate Academy Directors

February 28, 2019
It’s time to share your recommendations for Academy regular directors, who are elected to the Academy Board of Directors by Academy membership in an online election from a slate of candidates presented by the Academy’s Nominating Committee. The committee will meet in the coming weeks to identify new candidates for regular directors in accordance with the criteria provided in the Nominating Committee Guidelines. Read more. 

New Issue Brief: Medicaid and Long-Term Care Insurance

February 28, 2019
The Medicaid and Long-Term Care Insurance Work Group of the American Academy of Actuaries has released a new issue brief, Medicaid and Long-Term Care Insurance. This issue brief explores the potential financial risks faced by older Americans who may incur catastrophic long-term care (LTC) costs.

Council Publishes Practice Note on Forecasting Investment Returns and Expected Return Assumptions for Pension Actuaries

February 27, 2019
The Pension Practice Council published a practice note providing information on current and emerging practices in the selection of investment return assumptions based on anticipated future experience. 

Work Group Issue Brief on Medicaid and Long-Term Care Insurance

February 26, 2019
The Medicaid and Long-Term Care Insurance Work Group published an issue brief exploring the potential for catastrophic long-term care costs as a major financial risk especially facing older Americans and to help clarify the options currently available for dealing with it.

This Week: Lump-Sum Practice Note Released; ASB Approves Fourth Exposure Draft of Modeling ASOP; Law Manuals Available

February 22, 2019
Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication.