Pension Practice Council highlights

The Pension Practice Council:

• In conjunction with the Public Interest Committee, proposed a statement in support of raising Social Security’s retirement age that was passed by the Board of Directors before unveiling the statement at a news conference at the National Press Club. The council later met with congressional staff on Capitol Hill to present the Academy statement.
• In conjunction with the Health Practice Council, created an Election 2008 website and produced a guide of key questions about Social Security that should be discussed throughout the 2008 elections. The council also published an issue brief surrounding the Social Security trustees’ report on the actuarial imbalance of the program.
• Held a public roundtable in New York for stakeholders to discuss disclosures in public pension plans. The Public Interest Committee also hosted a September forum in Washington to discuss those issues in greater detail as the committee sought to recommend potential Academy action to the Board of Directors, which referred the issue to the Actuarial Standards Board.
• Sent comments to the IRS about its proposed regulations on issues surrounding the Pension Protection Act of 2006 (PPA). Those included issues related to hybrid pension plans, measuring pension assets and liabilities, financially distressed multiemployer plans, and minimum required contributions for single-employer defined benefit pension plans.
• Hired new Senior Pension Fellow Frank Todisco as the Academy’s chief spokesperson for pension and retirement issues.
• Testified at several IRS hearings to discuss proposed regulations for PPA.
• Published a practice note on multiemployer practices related to PPA.
• Requested technical corrections to PPA in a letter to the House Ways and Means Committee.
  
  

Pension Practice Council resources

See recent Academy publications, analyses, and comments on public policy pension issues.

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