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Pension Practice Council
Printer-friendly versionThe Pension Practice Council's mission is to serve the public and the United States actuarial profession in matters of retirement and Social Security. Within the scope of this mission, the Council:
- Promotes effective retirement security programs.
- Provides strategic direction to the committees, subcommittees and task forces that report to the council.
- Reviews and approves deliverables from committees, subcommittees and task forces that report to the council to ensure they meet the Academy's and PPC's mission and quality standards.
- Addresses conflicts of opinions within the committees, subcommittees and task forces that report to the council.
- Communicates with Academy members and the public on a regular basis.
- Advances actuarial practice by informing and educating its members on public policy and professionalism issues and current and emerging practices.
- Convenes members of the committees, subcommittees and task forces that report to the council, as well as selected other members who enhance the council's ability to fulfill its mission.
Chairperson: Josh Shapiro
Vice Chairpersons: Margaret Berger, Scott Hittner
Related Publications
Intersector Group notes of its April 2018 meeting with the Pension Benefit Guaranty Corporation. (September 28, 2018)
Multiemployer Plans Committee follow-up letter to the Joint Select Committee on Solvency of Multiemployer Pension Plans on key topics discussed during June 22 meeting regarding loan proposals and other solutions for troubled multiemployer pension plans. (September 26, 2018)
Pension Committee practice note covering topics related to the implementation of the spot rate approach to determining benefit obligations, service cost, and interest cost under accounting standards and other granular approaches. (September 24, 2018)
Pension Committee exposure draft of practice note on current and emerging practices in the development of liabilities and cost estimates for pension plans with benefits paid as a lump sum. The comment deadline for this exposure draft is November 15, 2018. (September 21, 2018)
Intersector Group alert on time-sensitive information concerning deductibility of contributions to defined benefit plans. (September 14, 2018)
Ted Goldman, Senior Pension Fellow, testimony before the U.S. Department of Labor's Advisory Council on Employee Welfare and Pension Benefit Plans on "Lifetime Income Solutions as a Qualified Default Investment Alternative (QDIA) - Focus on Decumulation and Rollovers." Read Goldman's testimony and presentation slides. (August 17, 2018)
Notes from the Multiemployer Plans Committee meeting on Feb. 23, 2018 with officials of the Treasury and Labor departments, and Pension Benefit Guaranty Corporation to discuss applications by multiemployer pension plans in critical and declining status to suspend benefits or partition liabilities. This meeting supplements the first meeting between these parties on this topic, which was held on Feb. 22, 2017. (July 31, 2018)
Pension Committee, Public Plans Committee and Multiemployer Plans Committee comment letter to ASB on exposure drafts of proposed revisions to ASOPs 4, 24, and 35. (July 31, 2018)
Lifetime Income Risk Joint Task Force letter to Congress on the Lifetime Income Disclosure Act. (July 06, 2018)
Social Security Committee issue brief on 2018 Social Security Trustees Report examining the program’s long-term solvency issues and recommending that Congress should act soon to improve the long-term financial outlook of the program. (June 22, 2018)
Ted Goldman, Senior Pension Fellow, responses for the record to the Joint Select Committee on Solvency of Multiemployer Pension Plans Hearing “The History and Structure of the Multiemployer Pension System.” (June 07, 2018)
Multiemployer Plans Committee issue brief discussing the costs and risks associated with multiemployer loan programs, and the ways in which these programs could benefit troubled plans and their participants. (May 04, 2018)
Social Security Committee issue brief examining automatic adjustment options to address Social Security's financial challenges. (May 04, 2018)
Ted Goldman, Senior Pension Fellow, testimony before the Joint Select Committee on Solvency of Multiemployer Pension Plans hearing on “The History and Structure of the Multiemployer Pension System.” (April 18, 2018)
Capitol hill briefing presentation on lifetime income, highlighting public policy options and tools. (April 13, 2018)
Pension Committee issue brief that analyzes the Pension Protection Act of 2006 (PPA) and its subsequent amendments against the principles underlying funding reform. (April 06, 2018)
Multiemployer Plans Committee letter to the Joint Select Committee on Solvency of Multiemployer Pension Plans offering the expertise of the Multiemployer Plans Committee as a resource to the Joint Select Committee. (March 12, 2018)
Intersector Group notes of its October 2017 meeting with the Treasury Department and Internal Revenue Service. (March 07, 2018)
Intersector Group notes of its October 2017 meeting with the Pension Benefit Guaranty Corporation. (March 07, 2018)
Retirement System Assessment and Policy Committee issue brief on the role of U.S. tax policy in retirement security. (December 28, 2017)
Retirement System Assessment and Policy Committee issue brief on state-based initiatives to expand retirement coverage among workers who do not have access to employer-sponsored plans, and the alignment of these efforts with the Academy’s Retirement for the AGES principles. (November 29, 2017)
Multiemployer Plans Committee comments to the Pension Benefit Guaranty Corporation (PBGC) on modifications to the instructions for the 2017 Schedule MB (Multiemployer Defined Benefit Plan Actuarial Information) of the Form 5500.
(November 20, 2017)
(November 20, 2017)
Academy Position Statement on support for policy and educational initiatives to increase retirement income options within employer-sponsored defined contribution (DC) plans. (October 31, 2017)
Pension Committee comments to the AICPA Employee Benefit Expert Panel on the current ASC 960 reporting standards for defined benefit pension plans. (October 27, 2017)
Pension Practice Council comment letter to Missouri State Employees’ Retirement System Board on the newly-adopted Terminated-Vested Member Buyout Program.
(October 23, 2017)
(October 23, 2017)
