On-air contributor Steve Hayes, a senior writer for the Weekly Standard, mentioned the Academy for its 2009 letter to Congress that included an actuarial analysis of the Community Living Assistance Services and Supports (CLASS) Act. The analysis was conducted by a joint American Academy of Actuaries/Society of Actuaries work group.
Academy Senior Pension Fellow Donald Fuerst discussed Ellen Schultz's new book, "Retirement Heist." Fuerst told host Steve Inskeep that in his professional experience, most employers have had the best interest of their organizations and employees at heart. He also said that most pension plan funding troubles are related to a poor economy and “extraordinarily complex” pension funding rules.
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Academy Public Interest Committee Chairperson Tom Terry testified to the U.S. House Committee on Ways and Means Subcommittee on Social Security's current and future benefit expenditures.
"The risk of a product recall, and what that probability is, is almost impossible to answer, but I think the safest bet is everybody should plan for the potential product recall event," advises Actuary Kevin Bingham, who co-authored "Product Recall: Covering Your Bottom Line" in the March/April 2011 issue of the American Academy of Actuaries' bimonthly magazine, Contingencies.
American Academy of Actuaries pension experts addressed the risks inherent with retirement plan designs and the implications for retirement planning and public policy in this April 4, 2011, Capitol Hill Briefing, "Pension Risk and Your Retirement: Understanding Retirement Risk and Overcoming Challenges through Public Policy Options."
