Academy News

In the latest Enrolled Actuaries Report, the Multiemployer Plans Subcommittee released notes of its meeting with officials from the Labor and Treasury departments and the Pension Benefit Guaranty Corporation; the Pension Cost Work Group released an issue brief on pension cost determination; and Senior Pension Fellow Ted Goldman identified 10 key retirement and pension issues to watch this year. (March 27, 2017)

Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (March 24, 2017)

The spring issue of Retirement Account covers a presentation of “Longevity and Retirement Security” by Senior Pension Fellow Ted Goldman to a U.S. Chamber of Commerce retirement forum; notes from a Multiemployer Subcommittee meeting with members of the PBGC, and Treasury and Labor departments on multiemployer pension plans; an issue brief by the Pension Cost Work Group on pension cost recognition; and more. (March 23, 2017)

The Individual and Small Group Markets Committee and the Medicaid Subcommittee sent comments to U.S. House Leadership on H.R. 1628, the American Health Care Act (AHCA), which is intended to repeal and replace provisions in the Affordable Care Act. (March 22, 2017)

The Actuarial Standards Board’s (ASB) 2016 Annual Report is now available. The report highlights the ASB’s accomplishments in 2016, including adoption of three revised actuarial standards of practice (ASOPs), approval of seven exposure drafts for comment, approval of a proposal for one revised ASOP, and a final report from the ASB’s Pension Task Force. The ASB also approved the formation of a task force to revise ASOP No. 32, Social Insurance. (March 22, 2017)

Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (March 17, 2017)

The Medicaid Funding Work Group published an issue brief addressing key design elements of block grants and per capita caps in relation to program sustainability. (March 17, 2017)

On March 14, Tom Wildsmith represented the Academy as a guest on C-SPAN’s Washington Journal, a televised national call-in program that focuses on current events related to politics, policy, and legislation. Wildsmith, who was president in 2015-16, provided an actuarial perspective on health reform proposals supporting the sale of insurance across state lines. Watch the video. (March 14, 2017)

Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (March 10, 2017)

The March HealthCheck covers the Individual and Small Group Markets Committee’s three issue briefs on Affordable Care Act (ACA) related health issues; the Health Practice Council’s visits to Capitol Hill to meet with federal lawmakers and policymakers; congressional efforts to repeal and replace parts of the ACA; and recent health-related regulatory rulings. (March 08, 2017)

The Actuaries Climate Index has been updated with data for spring and summer of 2016, reflecting continued high frequencies of extreme weather events. Read the news release. (March 07, 2017)

Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (March 03, 2017)

In the latest issue of Contingencies, the cover story, “Preparing for Artificial Intelligence Before It’s Too Late,” asks what happens when intelligence and awareness are no longer uniquely human traits. Other stories include the future of the Affordable Care Act—if and why any reforms to the health care law need to take key provisions into account; musings on whether prevailing assumptions about mortality are correct; and the who, how, and why of principle-based reserving. Also, in his first Presidential Papers column as part of the “Professionalism in Action” series, Academy President Bob Beuerlein asks, “Are You Modeling Professionalism?” He notes actuaries have the opportunity to be teachers and role models to fellow actuaries, and cites the importance of the Code of Professional Conduct. (March 01, 2017)

The February Actuarial Update covers Health Practice Council (HPC) volunteers’ annual visits to Capitol Hill to discuss Affordable Care Act and related health issues with federal lawmakers and policymakers. HPC members met with congressional staff and representatives from key federal agencies, highlighting the Individual and Small Group Markets Committee’s three recent issue briefs. Also covered: Registration is open for the Academy’s Annual Meeting and Public Policy Forum, set for Nov. 14–15 in Washington; and the “Professionalism Counts” column covers three revised actuarial standards of practice (ASOPs) reissued by the Actuarial Standards Board (ASB) in 2016–ASOP Nos. 21 (Responding to or Assisting Auditors), 23 (Data Quality), and 24 (Life Illustrations) 2016–and describes how the ASB keeps ASOPs current. (February 28, 2017)

Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (February 24, 2017)