Alternative Pension Cost—An Update and Review of Implementation Issues
Nov. 16, 2016
Noon-1:15 p.m. EST
This webinar advanced the discussion of alternative/granular expense methodologies presented in the 2015 Academy issue brief, Alternatives for Pension Cost Recognition, and further discussed in a November 2015 webinar. This webinar, featuring leaders from the Academy’s Pension Committee and Pension Practice Council, focused on the approach known as the “spot rate method.” The discussion included:
- Developments relating to plans that use a bond matching approach to measure the benefit obligation;
- Application of the spot rate method to plans that pay interest-sensitive lump sums; and
- Roll-forward of liabilities and other implementation-related issues that arise with the spot rate method.
- The registration fee was $50 for Academy members.
- The registration fee was $150 for nonmembers.
- Government regulators were invited to attend free of charge.
Bruce Cadenhead, MAAA, FSA, FCA, EA
Vice Chairperson, Academy Pension Committee
Tim Geddes, MAAA, FSA, FCA, EA
Vice Chairperson, Academy Pension Practice Council
Jerry Mingione, MAAA, FSA, FCA, CERA, EA
Member, Academy Pension Committee
Ellen Kleinstuber, MAAA, FSA, FCA, EA, FSPA
Chairperson, Academy Pension Committee
The American Academy of Actuaries believes in good faith that your attendance at this live webinar constitutes an organized activity as defined under the current Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States. Under these Qualification Standards, an hour of continuing education is defined as 50 minutes, and fractions of an hour may be counted.
JBEA CPE CREDIT
The Joint Board for the Enrollment of Actuaries (JBEA) has approved the Academy as a qualifying sponsor of continuing professional education (CPE) programs for enrolled actuaries. If you are an enrolled actuary, the Academy believes in good faith that you may earn 1.5 CPE non-core non-ethics credits under the JBEA rules for attending this live webinar. However, the JBEA ultimately determines what constitutes core and non-core, ethics and non-ethics continuing education and the number of CPE credit hours allocated to same for enrolled actuaries. During the live webinar only, instructions will be given to attendees on the process for obtaining certificates of attendance.