This Week, December 10 - December 14, 2012

Reminders

• Membership dues payment is due Jan. 1, 2013. 2013 membership dues remain at the same level as 2012. If you haven’t paid your 2013 dues, click here [2] to conveniently pay online before Jan. 1. Log in [3] now to pay your dues, print your invoice, or to update your profile.

Recent Events

• The American Academy of Actuaries and Society of Actuaries jointly sponsored a webinar series [4] on recently released Affordable Care Act proposed rules.
• The Life Practice Council’s Dec. 13 webinar [5] provided an overview of the NAIC Fall National Meeting, an update on the principle-based approach to life reserves, and an outline of the newly adopted 2012 Individual Annuity Reserving Table.
• More than 3,800 actuaries attended the Council on Professionalism’s Dec. 12 webinar [6] on peer review and common practices actuaries can use in determining whether voluntary peer review of their actuarial services and actuarial communications may be beneficial. Log in [3] to download the slide presentation and recorded audio file.

Recently Released Publications

• Winter Enrolled Actuaries Report: Read about [7] issues that affect pension actuaries and the Academy’s work to advance sound pension policy.

Academy in the News

• California Insurance Commissioner Dave Jones cited the Academy’s Medicaid decision brief [8] in a San Francisco Chronicle opinion [9] piece on Medi-Cal expansion.
• Academy Senior Pension Fellow Donald Fuerst is quoted in Bloomberg BNA’s “Benefit Groups Tailor Policy Agendas to Congressional Lame-Duck Session [10].”

Website: New Postings

• The Actuarial Guideline 43/C-3 Phase II Work Group sent comments [11] to the NAIC’s C-3 Phase II/AG 43 (E) Subgroup on its Nov. 1, 2012 draft workplan relating to variable annuities.
• The Annuity Illustration Subgroup sent a comment letter [12] to the Iowa Insurance Division on selected FAQs in its draft memorandum providing guidance relating to Iowa’s new Annuity Illustrations rules.
• The Social Security Committee updated [13]its 2004 issue brief on Social Security means testing—a reform option that would reduce or eliminate benefits for wealthy and/or high-income participants and beneficiaries. Read [14] the news release.
• The Financial Regulatory Reform Task Force sent comments [15] to the IAIS on its proposed policy measures regarding insurers whose failure would cause major disruption to the global financial system.

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