De-risking Trends in Private and Public-Sector Retirement Programs

12/5/2018 - 11:30 AM – 12:45 PM CT
Credits: EA Core 0.75, EA Non-Core 0.75, CPD 1.50

The panelists discuss their experiences with different ways to de-risk pension plans in both the private and public-sector. The panel addresses the various approaches that organizations are utilizing to reduce risks in the short and long terms, the costs associated with the de-risking approaches, and the extent to which retirement related risks are shifted to employees.

Speakers:

1. Lawrence J. Sher - October Three LLC
2. Aaron Shapiro - Buck
3. Michael S. Clark - River and Mercantile
4. Brian C. Donohue - October Three LLC

CCA Members,

On Thursday, September 21, the CCA issued the following letter to the Board of Directors of the American Academy of Actuaries in response to their recent decision to exclude representation by the Conference of Consulting Actuaries and ACOPA from the Selection Committee for members of the Actuarial Board of Counseling and Discipline (ABCD) and the Actuarial Standards Board (ASB). Our Board is exploring other options and we will keep you informed of actions we take or any response we receive from the Academy. We welcome your comments at conference@ccactuaries.org. You may also contact CCA President John Lowell at jlowell@octoberthree.com or 770-235-8566. To view more of the communications by and between the Academy and the CCA, please visit https://www.ccactuaries.org/home/composition-of-the-selection-committee.

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Board Members of the American Academy of Actuaries

The leadership of the CCA is both dismayed and disappointed by the Academy's unilateral action to exclude representation by the Conference of Consulting Actuaries and ACOPA from the Selection Committee for members of the Actuarial Board of Counseling and Discipline (ABCD) and the Actuarial Standards Board (ASB). We would have preferred an opportunity to discuss the Academy's concerns before taking any action so that we could more fully express our position on matters and to address many of the mischaracterization of the CCA by the Academy in the communication to your members issued Friday, September 7, 2018.

[Click Here for the Complete Message]

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Updated: September 28, 2018

Twice a year the Intersector Group meets with representatives of the U.S. Department of Treasury (Treasury Department), the Internal Revenue Service (IRS), and the Pension Benefit Guaranty Corporation (PBGC) to dialogue with them on regulatory and other issues affecting pension practice. Click here to view notes from meetings with the IRS, Treasury, and PBGC on regulatory issues affecting pension practice.

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