The Public Plans Subcommittee sent comments to the California Actuarial Advisors Panel (CAAP) regarding its Discussion Draft, Version 9c, Model Actuarial Funding Policies and Practices (MAFPP) for Public Pension and OPEB Plans.

The Pension Accounting Committee provided comments to the Financial Accounting Standards Board (FASB) regarding its proposed Accounting Standards Update: Financial Instruments (Topic 825) – Disclosures about Liquidity Risk and Interest Rate Risk.

The Pension Practice Council sent comments to Moody’s in response to its proposed adjustments to public pension data reported by US state and local governments. Moody’s requested comments after the publication of its report, Adjustments to US State and Local Government Reported Pension Data.

The Pension Practice Council sent comments to the Pension Committee of the Actuarial Standards Board regarding its discussion draft, Assessment and Disclosure of Risk Associated with Pension Obligations, Plan Costs, and Plan Contributions.

The Casualty, Life, Health, Professionalism, and Financial Reporting Councils submitted comments to the NAIC’s Corporate Governance Working Group concerning the WG’s Proposed Responses to a Comparative Analysis of Existing U.S. Corporate Governance Requirements.

The non-partisan American Academy of Actuaries encourages President Barack Obama and Gov. Mitt Romney to specify in Wednesday’s debate how they will address the financial risks to Social Security and Medicare.

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