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Sessions from the 2007 CCA Annual Meeting

01 - A Second Look at the Gray (and Blue and Green) Book

10/21/2007 - 5:00 - 7:05 PM
Credits: EA Core 2.50 CPD 2.50

Experienced practitioners lead a review of government responses to the Gray, Blue, and Green Book questions. The panelists discuss the practical implications of the answers and any new information developed since the 2007 Enrolled Actuaries’ Meeting.

Speakers:

1. Donald J. Segal
2. James A. Stinchcomb

02 - General Session: The Future of Actuarial Consulting

10/22/2007 - 8:00 - 10:15 AM
Credits: EA Core 0.20 EA Noncore 1.30 CPD 1.50

Back by popular demand – a panel of leaders from large actuarial consulting firms discuss their views on the state of the profession and the future of actuarial consulting. The panel is composed of leaders from many of the major consulting firms. They address such wide-ranging questions as:

Speakers:

1. Asghar E. Alam - Mercer
2. William B. Gulliver - Towers Watson
3. Mary K. Moreland - Abbott Laboratories
4. Thomas S. Terry - TTerry Consulting LLC
5. Gene H. Wickes - Towers Watson

03 - Liability–Driven Investments

10/22/2007 - 10:35 - 11:50 AM
Credits: EA Noncore 1.50 CPD 1.50

A new acronym has come to pension investing – LDI, or liability-driven investing. Asset managers have developed innovative products using derivatives to better match liability duration. The panelists discuss this new product in depth.

Speakers:

1. Christopher Levell - NEPC
2. Aaron Henry Meder - UBS Global Asset Management

04 - Late Breaking Developments

10/22/2007 - 10:35 - 11:50 AM
Credits: EA Core 1.50 CPD 1.50

A panel of diversified professionals discuss the latest developments affecting retirement plans on the legislative, regulatory and legal fronts. Among the topics that may be covered are: 2007 legislation, guidance from the IRS, DOL, Treasury and court decisions.

Speakers:

1. Martin Pippins - Internal Revenue Service
2. Ethan E. Kra - Ethan E. Kra Actuarial Services LLC
3. Donald J. Segal

05 - Quantifying DB Plan Risk – an ERM Perspective

10/22/2007 - 10:35 - 11:50 AM
Credits: EA Noncore 1.50 CPD 1.50

Why do life insurance actuaries get to have all of the fun? With stochastic forecasting, and now Enterprise Risk Management becoming the norm in their industry, they continue to quantify risk in new and interesting ways. In this session, a life insurance consulting actuary and a panel of DB consulting actuaries discuss an ERM approach to quantifying DB plan risk and evaluating risk mitigation activities, based on the paper “A New Risk Metric for Defined Benefit Pension Plans” from the 2006 SOA Enterprise Risk Management Symposium.

Speakers:

1. Donald E. Fuerst - American Academy of Actuaries
2. David J. Fishbaum - Oliver Wyman, Inc.

06 - PPA: The Participant Paperwork Act?

10/22/2007 - 10:35 - 11:50 AM
Credits: EA Core 1.50 CPD 1.50

PPA made major modifications and additions to required participant disclosure. Speakers review the new requirements and discuss how to make the “paper” work for your clients and their participants.

Speakers:

1. Alice Pegel Stuart - Towers Watson
2. Stephen G. Mekenian - Towers Watson
3. Christine J. Drager - Deloitte Consulting LLP
4. Myrna Chao - Towers Watson

Session Coordinator/Recorder:

Bonnie Shaw Rightnour - Mercer

07 - Client Panel – What Clients Look for and Want from Consultants

10/22/2007 - 10:35 - 11:50 AM
Credits: EA Noncore 1.50 CPD 1.50

A panel of clients discuss their relationship with consultants. Panelists specify desired consulting traits as well as less helpful techniques. After the client presentation the floor is open for questions.

Speakers:

1. Phillip A. Merdinger - Mercer
2. Lewis Walker - AT&T
3. Mark Bachmann - Acuity Specialty Products

08 - Components of a “Smart” Drug Program

10/22/2007 - 10:35 - 11:50 AM
Credits: CPD 1.50

Prescription drug programs can no longer stand on their own. They are an integral part of a cost effective health program. Panelists discuss how to create these programs, issues around transparency and the impact these programs have on trends.

Speakers:

1. Thomas S. Tomczyk - Buck Consultants
2. David Dross - Mercer
3. Nick Vasilopoulos - Medco Health Solutions, Inc.

09 - Retirement Income Adequacy – “Too Much, Too Little, Too Late.”

10/22/2007 - 10:35 - 11:50 AM
Credits: EA Noncore 1.50 CPD 1.50

Financial planners have historically said 70% to 80% pay replacement is enough. But what are we really aiming for, especially with changing retiree medical subsidies and looming deficits for Social Security? What about those articles that say Americans may be saving too much? The speakers discuss the latest research in this area, including the predicted retirement income adequacy for future retirees.

Speakers:

1. Robert J. Reiskytl - Aon Hewitt
2. Bruce D. Schobel - New York Life Insurance Co.
3. Alison Thomas Borland - Aon Hewitt

11 - "Statutory Hybrid Plans" and Other Challenges and Opportunities After the Pension Protection Act - From A Small Plan Perspective

10/22/2007 - 2:15 - 3:30 PM
Credits: EA Core 1.50 CPD 1.50

The practical considerations and plan document issues of “Statutory Hybrid Plans” (formerly known as Cash Balance Plans) is discussed by panelists who worked with plans such as these since 1999 and currently have over 200 such active plans. This session concentrates on “small” plans. Time is reserved during the latter part of the session for a workshop format to enable attendees to exchange ideas regarding other challenges and opportunities for small plans after PPA.

Speakers:

1. Stanley H. Tannenbaum - The Benefit Practice
2. Michael L. Libman - Libman, Kadavy & Company, Inc.
3. Catherine Wolford - Charles Schwab & Co., Inc.

12 - Plan Design in the Current Environment

10/22/2007 - 2:15 - 3:30 PM
Credits: EA Core 0.75 EA Noncore 0.75 CPD 1.50

The funding rules have changed and the accounting rules continue to evolve. Cash balance litigation continues to provide mixed messages. Come hear how the current statutory, accounting, and legal environment may influence your clients’ plan design decisions; with an emphasis on hybrid plans, other alternative designs, and options for phased retirement.

Speakers:

1. Jason T. Flynn - Deloitte Consulting LLP
2. Timothy J. Geddes - Deloitte Consulting LLP
3. Eugene Oppo - Chernoff Diamond & Co. LLC
4. Robert Davis - Deloitte Consulting LLP

Session Coordinator/Recorder:

Bonnie Shaw Rightnour - Mercer

13 - Dialogues with the IRS and PBGC

10/22/2007 - 2:15 - 3:30 PM
Credits: EA Core 1.50 CPD 1.50

This is an excellent opportunity for attendees to ask questions and discuss important developments with IRS and PBGC representatives. This is your chance to (possibly) get answers to the questions that have been troubling you.

Speakers:

1. Donald J. Segal
2. Martin Pippins - Internal Revenue Service
3. Amy C. Viener - Pension Benefit Guaranty Corp.

14 - Insurance and Claims Cost Allocation in Workers' Compensation Programs

10/22/2007 - 2:15 - 3:30 PM
Credits: CPD 1.50

Learn the reasons why costs should be allocated, which costs should be allocated, and what methods are appropriate for allocating costs.

Speakers:

1. Marn Rivelle - Rivelle Consulting Services
2. Gary Jennings - KPMG LLP

15 - Global Healthcare

10/22/2007 - 2:15 - 3:30 PM
Credits: CPD 1.50

Healthcare delivery and financing varies tremendously from one country to the next. Come learn about the challenges of providing health benefits in a multinational company, and explore trends in emerging markets like China, India, and Mexico.

Speakers:

1. Barry S. Blecher - Towers Watson
2. Steve Kueffner - Towers Watson
3. Pat Gallagher - AIG Global Benefits Network

Session Coordinator/Recorder:

Christiaan Franciscus Veldhuis - Mercer

16 - Up Close and Personal with a Personal Actuary

10/22/2007 - 2:15 - 3:30 PM
Credits: EA Noncore 1.50 CPD 1.50

Actuarial consulting is expanding down market, even to the individual. Learn how actuaries are plying their skills in risk management and retirement planning for individuals.

Speakers:

1. Stacy Powell Litka - Owens Corning
2. Janet G. Deskins - National Finance Partners

17 - Predictive Modeling

10/22/2007 - 2:15 - 3:30 PM
Credits: EA Noncore 1.50 CPD 1.50

Predictive modeling involves detailed analysis of individual historical claims to improve forecasts of future claims. It has been applied to the evaluation of risk status in the property/casualty insurance area for some time; in the health insurance area, the concepts are being refined and expanded to encompass treatment status, health status, and other measures. The resulting techniques can be applied to a broad array of health insurance problems, including underwriting, projecting ROI of disease management programs, provider reimbursement, capitation rate development, and setting IBNR reserves.

Come hear an experienced actuary discuss the fundamental building blocks of predictive modeling, and see how the techniques are being applied today, how they may be applied in the future, and their potential for becoming a standard part of the actuary’s mathematical “toolkit.”

Speakers:

1. Stuart H. Alden - Towers Watson
2. Ian Duncan - Solucia Consulting, Inc.

18 - DC Anatomy: Examining the PPA

10/22/2007 - 2:15 - 3:30 PM
Credits: EA Noncore 1.50 CPD 1.50

Come get a check up and examine the possibilities: Do you know how the PPA impacts your clients’ DC plans? The panelists review the changes – mandatory and optional – as well as the various effective dates of the provisions of the PPA that affect defined contribution plans. Learn about things like changes in diversification requirements, the new safe harbor design, fiduciary relief for default investments and more!

Speakers:

1. Laurel S. Ludden - VALIC
2. Robert C. Ridge - Mercer
3. Liz Miller - Towers Watson

19 - What Color is Your Plan? – Impact of PPA on Multiemployer Pension Plans

10/22/2007 - 3:50 - 5:05 PM
Credits: EA Core 1.50 CPD 1.50

Although PPA did not overhaul the funding requirements for multiemployer plans, there are still many changes for the multiemployer actuary including the new color-coded system of funding rules for “endangered” plans and new disclosure rules. The speakers discuss how to present these changes to our clients and what they mean to the future of the practice.

Speakers:

1. Raymond J. Lee - Lee ACS
2. Joseph F. Hicks Jr. - The Savitz Organization
3. Kenneth A. Kent - Cheiron, Inc.

20 - Actuary as Expert Witness

10/22/2007 - 3:50 - 5:05 PM
Credits: EA Noncore 1.50 CPD 1.50

An actuary and an attorney present their experiences of actuaries as expert witness, including: types of expert witness assignments, engagement acceptance, assignment preparation and testimony experiences.

Speakers:

1. John T. Stokesbury - Deloitte Consulting LLP
2. Claude Poulin - Poulin Associates Inc.
3. John M. Aerni - LeBoeuf, Lamb, Greene & MacRae LLP

21 - Making DC Run Like DB

10/22/2007 - 3:50 - 5:05 PM
Credits: EA Noncore 1.50 CPD 1.50

As employees increasingly depend upon DC plans for their retirement, it is critical that policies support better investment returns – like DB plans. The PPA helps with auto-enrollment and diversified default elections. Investment managers are also improving target maturity funds to meet the need. The panelists discuss these topics.

Speakers:

1. Christopher Levell - NEPC
2. Brent W. Walder - Prudential Financial
3. Richard A. Wurster - Wellington Management Company, LLP

22 - ERISA Jeopardy XIV - CSI: San Antonio

10/22/2007 - 3:50 - 5:05 PM
Credits: EA Core 1.50 CPD 1.50

This year’s program is “Consulting Skills Interrogation.” What hath PPA wrought? Which team of contestants has the critical knowledge of the guidance scene? Come join us for the latest edition of this popular session that brings out the fine details that lead us to solutions of what appear to our clients as mysteries. Interested contestants may volunteer in advance (and thus prepare for the investigation) by contacting Patty Johnson, pjohnson@ccacturies.org at the CCA office.

Speakers:

1. Donald J. Segal
2. Alice C. Hicks - Aon Hewitt

23 - It is a Small World After All - M&A in a Global Context

10/22/2007 - 3:50 - 5:05 PM
Credits: EA Noncore 1.50 CPD 1.50

How does a global deal differ from a purely domestic one? What kinds of issues come out in a benefits due diligence overseas that are not seen in the US? The panelists discuss European Union “acquired rights” regulations and examples of some unusual country-specific situations.

Speakers:

1. Barry S. Blecher - Towers Watson
2. Daniel C. Rudin - Deloitte Consulting LLP
3. Wilfredo J. Gaitan - Aon Hewitt

24 - My Employer Doesn’t Offer Retiree Healthcare – What can I do?

10/22/2007 - 3:50 - 5:05 PM
Credits: CPD 1.50

For health and productivity management programs and consumer directed health plans to control costs, employees and dependents must change their behavior. A communications professional talks about the application of adult learning theory to the challenge of encouraging employees to change behavior through education and other approaches. Two employers discuss programs they adopted to better engage employees, review the results of those programs, and describe modifications they have made to continue to improve their programs.

Speakers:

1. Joseph Badalamenti - Mercer
2. Eugene Scanzera - AARP Services, Inc.
3. Steve Wetzell - HR Policy Association

Session Coordinator/Recorder:

Karen A. Shelton - UnitedHealth Group

25 - Defined Benefit Plan Administration Outsourcing

10/22/2007 - 3:50 - 5:05 PM
Credits: EA Noncore 1.50 CPD 1.50

The success of outsourcing for defined contribution plans has led companies to ask if the same advantages are available for defined benefit plans. Consistent with the trend of corporate America to outsource non-core functions to drive efficiency, increase service levels, and focus on core competencies, outsourcing of defined benefit plans is growing fast (especially for large companies). Panelists discuss marketplace trends for defined benefit plan administration, including the benefits of outsourcing for plan participants and plan sponsors, the risks of outsourcing, and what firms provide administrative outsourcing services.

Speakers:

1. Lance J. Weiss - Gabriel Roeder Smith & Company
2. Angela Marie Watts - Deloitte Consulting LLP
3. Barbara Haws - Towers Watson

26 - Executive Compensation for Dummies/Actuaries

10/23/2007 - 8:00 - 9:40 AM
Credits: EA Noncore 2.00 CPD 2.00

An area of relatively scant guidance until recently, executive compensation suddenly presents a new world of opportunity for actuaries. Many companies are analyzing their executive compensation programs to ensure compliance with new legislation and regulations relating to the $1 million cap on the deduction for executive compensation, SEC proxy disclosure requirements, nonqualified deferred compensation, stock-based compensation (including backdating issues), and Golden Parachute payments.

Speakers provide a primer on the changing landscape and explore the consulting and actuarial analysis opportunities with companies.

Speakers:

1. Scott A. Hittner - October Three LLC
2. John H. Lowell - P-Solve Cassidy
3. Max Schwartz - Sullivan & Cromwell LLP

Session Coordinator/Recorder:

Michael J. Petrauskas - Aon Hewitt

27 - How to Assist Your Self Insured Clients Through Audit of Loss Reserves

10/23/2007 - 8:00 - 9:40 AM
Credits: CPD 2.00

The speakers address the subtleties of actuarial projections in the contexts of financial reporting and tax audits. The related issues of discounting and risk transfer are discussed in relation to the most current guidelines and precedents.

Speakers:

1. Marn Rivelle - Rivelle Consulting Services

28 - Responding to the PPA Funding Rules

10/23/2007 - 8:00 - 9:40 AM
Credits: EA Core 2.00 CPD 2.00

The Pension Protection Act (PPA) of 2006 represents a complete rewrite of funding rules for single employer pension plans. Speakers present an overview of these new rules and discuss the impact these changes will have on our clients.

Speakers:

1. Raymond J. Lee - Lee ACS
2. Howard A. Freidin - Deloitte Consulting LLP
3. Jerry Mingione - Towers Watson

Session Coordinator/Recorder:

David Zachary Kossoy - Towers Watson

29 - What’s Certain About Uncertainty?

10/23/2007 - 8:00 - 9:40 AM
Credits: EA Noncore 2.00 CPD 2.00

Communicating uncertainty is a consulting skill we should always strive to improve. Actuaries from various practice areas share their approaches. This non-PowerPoint session should not be missed!

Speakers:

1. Adam J. Reese - PRM Consulting Group
2. Alfred O. Weller - Weller Associates, Inc.
3. Lawrence J. Sher - October Three LLC

30 - Public Employer Workshop #1

10/23/2007 - 8:00 - 9:40 AM
Credits: EA Noncore 2.00 CPD 2.00

This is an open forum to exchange ideas, information and experiences on current topics of interest to actuaries who work with public employer retirement systems. Topics for discussion may include actuarial assumptions, plan design trends, and funding ratios.

Speakers:

1. Ira M. Summer - Public Pension Professionals Inc.
2. Leon F. Joyner Jr. - The Segal Company

31 - How do You Get Employees to Take Care of Themselves? Communication and Behavior Modification in Healthcare

10/23/2007 - 8:00 - 9:40 AM
Credits: CPD 2.00

The speakers explore approaches employers and health plans can use to “engage the consumer” of healthcare. Listen to a communications professional and two employers describe programs that have changed the way their employees consume healthcare, including:

Speakers:

1. George B. Wagoner - Mercer
2. David H. Slavney - Mercer
3. Lisa Wargofchik - JC Penney
4. Mike Stoll - Kroger Company

Session Coordinator/Recorder:

Anna McLachlan - Mercer

32 - Actuarial Smorgasbord

10/23/2007 - 10:00 - 11:40 AM
Credits: CPD 2.00

The speaker discusses:

Speakers:

1. Alfred O. Weller - Weller Associates, Inc.

33 - Executive Compensation Consulting: The Compensation Consultants Speak

10/23/2007 - 10:00 - 11:40 AM
Credits: EA Noncore 2.00 CPD 2.00

Consulting actuaries face a host of new challenges as the executive compensation landscape evolves. This session explores the current executive compensation market and emerging compensation trends.

Speakers:

1. Randolph B. Root - Prudential Financial
2. F. Michael J. Lackey - Aon Hewitt
3. Max Schwartz - Sullivan & Cromwell LLP

34 - Medicare Advantage Bidding: Dos and Don’ts

10/23/2007 - 10:00 - 11:40 AM
Credits: CPD 2.00

Hear an insider’s view of how to prepare a bid to the Centers for Medicare and Medicaid Services for participating in the Medicare Advantage and Prescription Drug Programs. A member of the CMS Office of the Actuary, an experienced consultant, and a bid sponsor share their experiences and offer advice.

Speakers:

1. Courtney R. White - Milliman Inc.
2. Elizabeth A. Hale - Centers for Medicare and Medicaid Svcs.
3. Ashley Mosko - Blue Cross Blue Shield of Alabama

35 - Public Employer Workshop #2

10/23/2007 - 10:00 - 11:40 AM
Credits: EA Noncore 2.00 CPD 2.00

A continuing discussion of the topics that did not fit into the earlier workshop on public employee retirement systems. Topics may include setting actuarial assumptions, DROP, GASB, and OPEB.

Speakers:

1. Ira M. Summer - Public Pension Professionals Inc.
2. Leon F. Joyner Jr. - The Segal Company

36 - Frozen Plans on Ice

10/23/2007 - 10:00 - 11:40 AM
Credits: EA Core 1.00 EA Noncore 1.00 CPD 2.00

The tough philosophical decision to freeze the DB plan has been made, so on to designing the replacement plan, right? Not so fast! A number of compliance and accounting issues still lurk, not to mention devising an ultimate exit plan. The speakers delve into the maintenance requirements of a frozen plan and discuss specific financing strategies.

Speakers:

1. Scott A. Hittner - October Three LLC
2. Richard O. Giberson - Aon Hewitt
3. James M. Reidy - JPMorgan Asset Management
4. Jason Conrad Richards - Towers Watson

Session Coordinator/Recorder:

Michael J. Petrauskas - Aon Hewitt

37 - Is CDHP Changing Employee Behavior and Employer Costs?

10/23/2007 - 10:00 - 11:40 AM
Credits: CPD 2.00

What are major carriers finding out about health behavior changes for employees and dependents under CDHPs (Consumer Driven Health Plans), and what impact is that having on employer costs? How does that differ from what independent researchers are reporting? What data should carriers and employers be monitoring? Come listen to a experienced panel and bring your questions for them.

Speakers:

1. David M. Tuomala - OptumInsight
2. Brian J. Fuller - Mercer
3. Vishal Agrawal - McKinsey & Company
4. Derek N. Guyton - Mercer

Session Coordinator/Recorder:

Anna McLachlan - Mercer

38 - Take Me to the Riverwalk: How Consulting Actuaries Can Work With the Accounting Rules and Audit Firms

10/23/2007 - 10:00 - 11:40 AM
Credits: EA Noncore 2.00 CPD 2.00

Accounting for post-retirement and post-employment benefits does not have to be an upstream battle. At this session, accounting firm actuaries discuss some of the hot topics of the day such as FAS 158, status of Phase I, and convergence with international standards. The presenters shed light on how they complement the audit of financial statements.

Come prepared with questions for this interactive session.

Speakers:

1. Stephen N. Eisenstein - The Newport Group
2. John T. Stokesbury - Deloitte Consulting LLP
3. James R. Kreamer - KPMG LLP

Session Coordinator/Recorder:

Gary M. Koscielny - Cynomys, Inc.

39 - You Want Me to do What? Business Ethics

10/23/2007 - Noon - 2:05 PM
Credits: EA Core 2.50 CPD 2.50

Small groups discuss various ethical and professional dilemmas.

Speakers:

1. Alice Pegel Stuart - Towers Watson
2. William J. Falk
3. Dale H. Yamamoto - Red Quill Consulting
4. S. Aquil Ahmed - Actuarial Retirement Services, LLC

40 - New Standards of Practice for Pension Actuaries

10/24/2007 - 7:30 - 8:45 AM
Credits: EA Core 1.50 CPD 1.50

The Actuarial Standards Board has recently issued several proposed standards of practice that affect pension actuaries. The panelists discuss the significant aspects and implications of these proposed changes.

Speakers:

1. David R. Kass
2. Lawrence J. Sher - October Three LLC

41 - Retirement Plans Around the World

10/24/2007 - 7:30 - 8:45 AM
Credits: EA Noncore 1.50 CPD 1.50

Foreign trends in pension plan design highlighting a few countries (such as UK, Germany, Japan). What is different from the US? What does DC and cash balance look like in a non-US environment. What sorts of maximum/minimum funding rules apply in other countries? Are asset reversions available?

Speakers:

1. Joshua David Bank
2. Tony Broomhead - Towers Watson
3. Barry S. Blecher - Towers Watson

Session Coordinator/Recorder:

Jeffrey Bruce Whittaker - Towers Watson

42 - Benefit Restrictions – Who, What, Where, When, and Why?

10/24/2007 - 7:30 - 8:45 AM
Credits: EA Core 1.50 CPD 1.50

PPA introduced new benefit restrictions, creating new opportunities for consulting. How and where do you determine the restrictions? How do you work through these issues with your clients? How do they communicate these changes to affected employees? Join this open discussion lead by our panelists.

Speakers:

1. Robert J. Reiskytl - Aon Hewitt
2. Heidi Rackley - Mercer
3. Brian C. Donohue - October Three LLC

Session Coordinator/Recorder:

Michael J. Petrauskas - Aon Hewitt

43 - Healthcare Legislation Update

10/24/2007 - 7:30 - 8:45 AM
Credits: CPD 1.50

Hear what is going on in Washington and state capitals that may have significant impact on employer provided health plans and coverage for the uninsured.

Speakers:

1. John J. Bauer - Milliman Inc.
2. Chip Kerby - Liberté Group LLC
3. Terry Dailey - Mercer

44 - cALM After the Storm: The Emerging Role of Asset Liability Modeling

10/24/2007 - 7:30 - 8:45 AM
Credits: EA Noncore 1.50 CPD 1.50

For most DB plans, PPA and FAS 158 mean volatility. Come hear actuaries and investment managers discuss how ALM can help your clients better manage their DB risk in this new environment, including applications for frozen plans.

Speakers:

1. Jason T. Flynn - Deloitte Consulting LLP
2. John R. Markley - Markley Actuarial Services Inc.
3. Chad A. Hueffmeier - Buck Consultants, a Xerox Company
4. Bryan E. Boudreau - New York Life Insurance Co.

45 - Medicare Part D Subsidy Audits/RDS Review

10/24/2007 - 7:30 - 8:45 AM
Credits: CPD 1.50

Development of the Medicare Part D subsidy involves many players and has substantial room for error. Learn how to develop an audit process to protect your clients from common pitfalls and to ensure quality of data at every stage of the process.

Speakers:

1. Stacy Powell Litka - Owens Corning
2. Geoffrey Kuhn - Aon Hewitt
3. Robert Schmall - Centers for Medicare and Medicaid Svcs.

Session Coordinator/Recorder:

Gary M. Koscielny - Cynomys, Inc.

46 - Everything You Ever Needed to Know About Stock Compensation & More

10/24/2007 - 7:30 - 8:45 AM
Credits: EA Noncore 1.50 CPD 1.50

The design and delivery of stock programs for employers and executives has changed due to accounting, SEC and market influences. The speakers present what every actuary needs to know about the design, tax, backdating, and accounting issues around stock compensation.

Speakers:

1. Patricia A. Rotello - Towers Watson
2. James T. Lecher - Aon Hewitt
3. Stephen E. Zwicker - Towers Watson
4. William P. Murphy - Ernst & Young, LLP

47 - Financial Economics Part 1: Learning the Ropes

10/24/2007 - 7:30 - 8:45 AM
Credits: EA Core 0.75 EA Noncore 0.75 CPD 1.50

Learn what your actuarial students probably already know! The recently published “The Pension Actuary’s Guide to Financial Economics” is used as a roadmap to present the concepts of Financial Economics, including its general concepts and application to pension plans.

Speakers:

1. Eric S. Friedman - Mercer
2. William J. Sohn - Buck Consultants

49 - Multiple Employer Plans – Do We Have One?

10/24/2007 - 9:05 - 10:20 AM
Credits: EA Core 1.50 CPD 1.50

Multiple employer plans can be unintentionally created through corporate transactions. Practitioners discuss what a multiple employer plan is, rules for funding, determination of the controlled group, and asset allocation.

Speakers:

1. Stephen N. Eisenstein - The Newport Group
2. Stacey A. Day - United Parcel Service

50 - GASB 43/45 - In the Trenches

10/24/2007 - 9:05 - 10:20 AM
Credits: EA Noncore 0.75 CPD 1.50

Participate in a spontaneous round-table discussion with your peers. Suggested topics include:

Any subject is fair game!

Speakers:

1. Steven D. Bryson - Lewis & Ellis, Inc.
2. Jill M. Urdahl - Hildi Incorporated

Session Coordinator/Recorder:

Mary P. Ratelle - Health Risk Strategies

51 - Bringing PPA to Life

10/24/2007 - 9:05 - 10:20 AM
Credits: EA Core 1.50 CPD 1.50

You know all there is to know about the technical changes resulting from PPA. But what strategies will work best for your clients? Come to this session prepared to share some of your experiences working with clients to go beyond complying with the legislation.

Speakers:

1. Patricia A. Rotello - Towers Watson
2. Maria M. Sarli - Towers Watson
3. Heidi Rackley - Mercer

Session Coordinator/Recorder:

Michael Altilio - Towers Watson

52 - Workshop on Multiemployer Pension Plans

10/24/2007 - 9:05 - 10:20 AM
Credits: EA Core 1.50 CPD 1.50

This is an open forum to exchange information and ideas on topics of interest to actuaries who work with multiemployer pension plans. Topics of discussion may include underfunding issues, creative plan design, collective bargaining and withdrawal liability issues.

Speakers:

1. Raymond J. Lee - Lee ACS
2. Joseph F. Hicks Jr. - The Savitz Organization

53 - Financial Economics: Corporate Versus Public Sector

10/24/2007 - 9:05 - 10:20 AM
Credits: EA Noncore 1.50 CPD 1.50

Are “financial economics” and its “market liabilities” applicable to public sector retirement systems? On the corporate side financial economics’ task is to protect the investors’ shareholder value, and market liabilities anticipate settlement liabilities in case of plan freeze or termination. Do these concepts have any applicability on the public side where shareholders are replaced by taxpayers and in general neither the plans nor the sponsors go out of business? Speakers present varying opinions on the relevance of financial economics’ market liabilities to the funding, expensing, disclosure and analysis of public retirement systems in an especially timely and provocative session.

Speakers:

1. Paul Angelo - The Segal Company
2. Robert C. North Jr. - New York City Office of the Actuary

54 - Where is CDHP Going? (Workshop)

10/24/2007 - 9:05 - 10:20 AM
Credits: CPD 1.50

This is an open forum to discuss CDHP results, future directions, anticipated impact of HSA legislation, etc. A panelist from session 37 on CDHP will be on hand to participate in the discussion.

Speakers:

1. L. J. Mac McCarthy - McCarthy Actuarial Consulting
2. Derek N. Guyton - Mercer

Session Coordinator/Recorder:

Karen A. Shelton - UnitedHealth Group

55 - DC Plans and the Perfect Storm

10/24/2007 - 9:05 - 10:20 AM
Credits: EA Noncore 1.50 CPD 1.50

The Perfect Storm has now hit Defined Contribution Plans.The pressures affecting DC plans cover the waterfront from legislative, regulatory, and litigation; benefit adequacy; and employee utilization. The results are some dramatic changes in plan design and delivery. The speakers cover current hot topics in Defined Contribution Plans: proposed and final regulations, the “DB-izing” of DC plans, fee transparency and disclosure, and more.

Speakers:

1. Laurel S. Ludden - VALIC
2. Robert Holcomb - Aon Hewitt
3. Barbara J. Hogg - Aon Hewitt

56 - General Session - Black Hat/Gray Hat/White Hat Ethics Debate

10/24/2007 - 10:40 AM - 12:15 PM
Credits: EA Core 1.50 CPD 1.50

Speakers:

1. William J. Falk
2. Paul B. Zeisler - Buck Consultants
3. Kenneth A. Kent - Cheiron, Inc.
4. James E. Turpin - The Turpin Consulting Group, Inc.

ACA 1 - UK Pensions: New Alternatives to “Wind-Ups” – Lessons for the US Marketplace?

10/22/2007 - 3:50 - 5:05 PM
Credits: EA Noncore 1.50 CPD 1.50

Whether it’s called plan termination or wind-up – purchasing annuities has long been the only available risk transfer mechanism in the marketplace. However, on both sides of the ocean (yep – the Atlantic!) financial institutions are furiously working to develop alternatives to traditional annuitization. In the UK, there are several new financial companies seeking to facilitate the transfer of DB pension risks – a major challenge against the backdrop of volatile equity markets, low interest rates, and improving life expectancy. Learn about these financial institutions – who they are, who’s backing them, and how their products work.

Speakers:

1. Thomas S. Terry - TTerry Consulting LLC
2. Keith Barton - Aon Hewitt
3. Ian Farr - Watson Wyatt LLP

ACA 2 - UK Pensions: New Risk-Sharing Ideas in the UK – Putting Theory Into Practice

10/23/2007 - 8:00 - 9:40 AM
Credits: EA Noncore 2.00 CPD 2.00

In the US we call them hybrids – DB designs that seek to apportion risk between the sponsor and participants. UK actuaries have been hard at work developing new risk-sharing ideas of their own, and they are equally hard at work seeking regulatory approval of these new concepts. Is this too little too late? Or can this new design represent the foundation for a resurgence of interest in pension plans? Listen to one of the leaders of this design initiative – and trace the challenge of seeking regulatory approval through the efforts of the ACA.

Speakers:

1. Thomas S. Terry - TTerry Consulting LLC
2. Ian Farr - Watson Wyatt LLP
3. Adrian Waddingham - Barnett Waddingham LLP

ACA 3 - UK Pensions: Solving the Dual Role of the Actuary – Appoint Two Actuaries!

10/23/2007 - 10:00 - 11:40 AM
Credits: EA Core 1.00 EA Noncore 1.00 CPD 2.00

Can the actuary retained by the plan sponsor also serve as the representative of plan participants? In the US, yes. In the UK, no! What led to this two-actuary system in the UK? How does it work? What does it mean for plan sponsors? Consulting firms? Are participant interests truly served? Are sponsor retained actuaries free to unabashedly advocate for their client’s interests? This session is a “must-attend” for those interested in professionalism as it relates to the dual role of US pension actuaries.

Speakers:

1. Kenneth F. Hohman - Bryan Pendleton Swats & McAllister LLC
2. Nick Salter - Barnett Waddingham LLP
3. Keith Barton - Aon Hewitt

BS - Business Meeting

10/22/2007 - 8:00 - 10:15 AM
Credits:

Speakers:

1. Ian Farr - Watson Wyatt LLP
2. Dale H. Yamamoto - Red Quill Consulting
3. Thomas H. Shelby III - T. H. Shelby & Company
4. Stuart H. Alden - Towers Watson
5. Frederick W. Kilbourne - The Kilbourne Company
6. Stephen T. McElhaney - Cheiron, Inc.
7. William F. Bluhm - Milliman Inc.
8. Thomas S. Terry - TTerry Consulting LLC
9. Kenneth F. Hohman - Bryan Pendleton Swats & McAllister LLC

CR - Closing Remarks

10/24/2007 - 10:40 AM-12:15 PM
Credits:

Speakers:

1. Kenneth F. Hohman - Bryan Pendleton Swats & McAllister LLC
2. Thomas S. Terry - TTerry Consulting LLC