The Pension Practice Council (PPC) provides objective technical expertise to policymakers and regulators on major retirement policy issues, including Social Security, and defined benefit pension plans.
Long term retirement policy, including the effects of legislation and regulations on retirement benefits, and emerging issues affecting retirement plans.
Financial reporting related to retirement plans, developments from national and international accounting standards-setting bodies, recent policy developments, and new regulations and standards.
Members of the Pension, Multiemployer, and Public Plans Committees published a discussion brief intended to familiarize actuaries with commonly used approaches and considerations when dealing with augmented mortality assumptions.( )
The Academy's Social Security Committee released an issue brief that explores a wide variety of proposals made over the years for changing the formulas for determining benefits by members of Congress, government-appointed panels and commissions, and outside experts, with an eye toward how the proposed changes would affect the balance between individual equity and social adequacy.( )
The Academy's Social Security Committee released an issue brief that explores a wide variety of proposals made over the years for increasing the system’s revenue by members of Congress, government-appointed panels and commissions, and outside experts.( )
The Academy's Lifetime Income Risk Joint Committee released an issue brief that that provides a discussion of a variety of approaches for adding annuity options to defined contribution (DC) plans providing for insured lifetime income that begins immediately, is deferred, or is provided under an accumulation product that converts funds to lifetime income.( )
The Academy's Lifetime Income Risk Joint Committee released an issue brief providing a discussion of Qualifying Longevity Annuity Contracts (QLACs), which are insured annuities paid out one or more years after purchase, possibly starting at an advanced age.( )
The Academy's Lifetime Income Risk Joint Committee released an issue brief that provides a discussion of the various types of insured annuities available to individuals and their potential uses, as well as some relevant tax implications.( )
The Academy's Social Security Committee has released a one-pager to accompany its issue brief on the 2022 Social Security Trustees Report examining the latest detailed annual assessment by the federal government of the program’s solvency.( )
The Intersector Group published notes from its May 2022 conference call with the Treasury Department and Internal Revenue Service.( )
The Social Security Committee released an issue brief on the 2022 Social Security Trustees Report examining the social insurance program’s long-term solvency issues.( )
The Pension Committee published an issue brief highlighting public policy considerations involved in potential modifications to single employer pension plan funding rules.( )
The Intersector Group released notes from its February 2022 virtual meeting with the Pension Benefit Guaranty Corporation (PBGC).( )
The Retirement System Assessment and Policy Committee completed a series of issue briefs laying out guiding principles for a comprehensive national retirement policy, begun with July 2019’s National Retirement Policy & Principles. The series also discusses possible changes in plan design to broaden access and participation in retirement plans to better enable workers to retire with a secure lifetime income.( )
The Retirement System Assessment and Policy Committee released an issue brief, Retirement Policy: Aligning Plan Design with Effective Employee Engagement, which analyzes how retirement program design can impact decisions that participants make with the goal of improving retirement security.( )
The Social Security Committee released an issue brief examining the potential effects of increasing the Social Security normal retirement age, which it has identified as likely to be a key component of any legislation considered to restore Social Security’s long-term financial health.( )
The Academy’s Essential Elements: Clarifying Misunderstanding of Life Expectancy and COVID-19 is a useful guide for understanding this complex concept, especially with regard to the COVID-19 pandemic.
Essential Elements is a series of condensed issue papers designed to make actuarial analyses of public policy issues clearer to general audiences.( )
Comments, analysis, or explanatory material prepared for an external audience on behalf of an Academy group or the Academy as a whole; these include letters, memos, reports, and fact sheets.
Analyses of major actuarial or public policy issues written primarily for policy-makers, regulators, the news media, and the public.
Include white papers and monographs which are longer, more detailed analyses of major actuarial or public policy issues written primarily for policy-makers, regulators, the news media, and the public. Includes monographs and white papers.
Slides presented by the Academy at webinars, seminars, briefings, hearings, or other meetings and events.
The Academy works with the National Association of Insurance Commissioners (NAIC) on the creation and refinement of sensible, effective regulation. These reports and related documents highlight the NAIC-related work of the pension practice councils.
Written and oral testimony provided to Congress or to other governmental and quasigovernmental bodies.
Practice notes offer examples of current and emerging approaches to selected actuarial tasks. They are intended to supplement the available actuarial literature, especially where the practices addressed are subject to evolving technology, recently adopted external requirements, or advances in actuarial science and other applicable disciplines.