In the Fall 2015 edition of Retirement Account, read about the issue brief on cost recognition by the Pension Accounting Committee and Pension Committee; the ASB public hearing on public pension policy; the Social Security Committee’s issue brief on the Disability Insurance Trust Fund; news and announcements on upcoming Academy pension events, and more.

The Life Practice Council (LPC) submitted comments to the NAIC’s Principle-Based Reserving Implementation (EX) Task Force on its “Substantially Similar Terms and Provisions” to Determine the Valuation Manual Operative Date exposure draft.

The Financial Reporting Committee (FRC) submitted comments to the Financial Accounting Standards Board (FASB) on its proposal to limit unlocking the assumptions and discount rates for long-duration insurance contracts to only the fourth quarter.