This Week, November 5 - November 9, 2012

President’s Message

• Cecil Bykerk announced [2] that membership dues will remain the same for a second year in a row and provided instructions on how to pay dues.

Upcoming Events

• Nov. 27 webinar: Social Security: Actuarial Status and Assumptions [3]. Presenters will offer an actuarial perspective on the 2012 Social Security Trustees Report and the assumptions used in determining Social Security projections. Social Security Administration Chief Actuary Steve Goss will provide additional comments and answer questions.
• Nov. 29 special event: Everyone attending the 2012 NAIC Fall National Meeting is invited [4] to a special breakfast on Nov. 29 to meet with representatives from the Actuarial Standards Board, Actuarial Board for Counseling and Discipline, the Academy’s Council on Professionalism and its Committee on Qualifications to learn how each operates. Attendees also can stop by to meet one-on-one with representatives during “office hours.”

Announcement: 2012 P/C Loss Reserve Law Manual

• Pre-order your copy of the 2012 Property/Casualty Loss Reserve Law Manual [5]. The manual is designed to help appointed actuaries comply with the NAIC requirements for statements of actuarial opinion.

Academy in the News

• The Academy’s Medicaid decision brief [6] was cited by the Center on Budget and Policy Priorities in the Daily Journal’s, “Study: Not expanding Medicaid could impact private costs [7].”
• The Academy’s letter [8] to the IRS addressing recent rule changes related to defined benefit plans was mentioned in Bloomberg BNA’s, “Retirement Plans: IRS Issues Rule With Anti-Cutback Exception; Regulation May Save Airline’s Pension Plan.”

Recently Released Publications

• 2012 Record: Get a detailed review [9] of how the Academy performed during the past year.

Recent Events

• More than 60 actuaries attended the Academy’s annual P/C Effective Loss Reserve Opinion Seminar—Tools for the Appointed Actuary [10] on Nov. 7-8 to learn about the regulations and standards that apply when drafting loss reserve opinions as an appointed actuary.

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