The Pension Committee published a 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.

The Pension Committee released an 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.

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.

As discussed in the August Actuarial Update, some Academy members have been asked to sign a petition in support of a membership vote on changing the Academy’s rules governing the participation of guests in meetings of the Actuarial Standards Board and of the Academy’s various committees. A petition was presented on September 13, which the Academy has reviewed and determined is insufficient to trigger a membership vote for three principal reasons.

The Solvency Committee submitted comments to the NAIC's Group Capital Calculation (E) Working Group on scope a

In the Fall Casualty Quarterly, Travel Insurance Task Force Chairperson Daniel Roth does a Q&A on the task force’s new travel insurance monograph. Also in this issue, the Academy presented at the Casualty Loss Reserve Seminar and at a Capitol Hill cybersecurity panel, and the latest state and federal legislative and regulatory activity.