Annual Meeting Sessions

Monday, October 16

002 - Business Session & ChatGPT: Opening Bell for a New Era of AI

The CCA’s Business Session precedes the Monday General Session with the welcoming of attendees, announcement of new directors and officers, Treasurer’s Report and presentation of the CCA’s annual awards. Our keynote presentation immediately follows. This year is a turning point in public understanding—and concern—about artificial intelligence. The rapid rise of ChatGPT and its clones has been nothing short of astonishing. And it’s been matched by an outpouring of dire predictions, from human extinction to massive unemployment. But well before we grapple with existential questions about AI, there will be more practical challenges for business and society. Social, legal and political challenges are imminent, as well as new questions about fair business practices, ethics and liability. As advanced AI grows more common in law, finance, medicine and similar critical professions, additional potential liabilities will arise. Government oversight and regulation are unlikely to keep pace. The first “rules of the road” for AI may come from industry groups seeking to self-regulate, often emphasizing disclosure and transparency. Those efforts will be driven by insurance and legal concerns. Professional services will change with the adoption of cognitive computing. White collar employment, including law and finance, will be impacted, especially among younger workers. The result will be new efficiencies and surprising intelligent services that will challenge us to identify what skills are uniquely human.
Credits:
CPD Credit: 1.50

101 - Market-Based Cash Balance Plan Accounting

Applying traditional defined benefit GAAP accounting rules to market-based cash balance plans produces irrational and volatile results. To address these concerns, the CCA established a working group to study these designs and prepare recommendations for alternative accounting approaches that would better represent the economics of these designs. Speakers provide an update on the findings and recommendations of the working group.
Credits:
CPD Credit: 1.50
EA Core Credit: 0.75
EA Non-Core Credit: 0.75
EA Formal Credit: 1.50

102 - What's New in the Annuity Purchase Market?

The pension plan annuity purchase market has evolved significantly since 2012 when the GM and Verizon deals ushered in a new era in pension risk management. We've had new entrants into the market, new innovations, and new issues. The panelists in this session discuss what's new in the annuity purchase market from the insurer perspective to ensure that consultants understand how to best approach the market to optimize results for their clients.
Credits:
CPD Credit: 1.50
EA Non-Core Credit: 1.50
EA Formal Credit: 1.50

103 - Non-qualified Plans / Executive Benefits

Non-qualified Deferred Compensation (NQDC) participants and executives face many challenges in developing effective retirement income strategies that differ in significant ways from those of rank-and-file employees. Speakers explore both the similarities and differences between the two groups and discuss tools and techniques that are most appropriate for those whose assets include NQDC accounts, including a look at the rules on distribution options under IRC Section 409A.
Credits:
CPD Credit: 1.50
EA Non-Core Credit: 1.50
EA Formal Credit: 1.50

104 - The Opaque Cost of Care: Clear-as-Mud Transparency Data

Transparency around the cost of healthcare services has long been a lofty goal, and has made several headlines recently. Presenters share perspectives on transparency-related topics such as: Price comparison tools required under the Transparency in Coverage Final Rule and Consolidated Appropriations Act of 2021; Uses of transparency data despite existing data constraints; Visibility into out-of-network pricing for members, plan sponsors, and providers and impacts of the No Surprises Act; and Cost transparency in the news.
Credits:
CPD Credit: 1.50

105 - Voluntary Benefits

Speakers focus on strategies that address workforce demand for flexibility, personalization and value in supplemental insurance or employee-paid benefits. Come hear carrier, consultant, and innovator perspectives on new insights and trends.
Credits:
CPD Credit: 1.50

106 - ROI of Benefits/Total Rewards

A panel of experienced practitioners address how to measure and leverage your investment in your employees and their benefits.
Credits:
CPD Credit: 1.50
EA Non-Core Credit: 1.50
EA Formal Credit: 1.50

107 - The CCA White Paper v.2.0

In 2014 the CCA published the definitive white paper on actuarial funding policies and practices for public pension plans. The CCA Public Plans Community is currently revising the white paper to reflect practical experience with white paper model practices as well as new ASOP requirements. Panelists discuss the proposed revisions.
Credits:
CPD Credit: 1.50
EA Non-Core Credit: 1.50
EA Formal Credit: 1.50

109 - A Sour Mash-Up of Withdrawal Liability

A potpourri of timely and relevant topics on withdrawal liability including: update on withdrawal liability interest rate assumptions, Building & Construction Industry withdrawals, offsets from partial withdrawals against later partial and complete withdrawals, two-pool withdrawal liability structures, and relevant Form 5500 changes.
Credits:
CPD Credit: 1.50
EA Core Credit: 1.50
EA Formal Credit: 1.50

201 - ASOP 27/35 Review

ASOP 27 has been revised to include ASOP 35, which will be retired once ASOP 27 is effective. Learn what has been changed.
Credits:
CPD Credit: 1.50
EA Core Credit: 1.50
EA Formal Credit: 1.50

202 - SECURE 2.0 - What's in it for DC Plans?

The SECURE 2.0 Act has continued the themes and reforms of the SECURE Act of 2019, which were getting more participants into the retirement system, providing participants ways to accumulate more assets and ensuring participants are connected with those assets when retirement comes. Speakers provide an overview of the key SECURE 2.0 provisions impacting DC plans, including any guidance available on such provisions and any provisions that still are in need of guidance.
Credits:
CPD Credit: 1.50
EA Non-Core Credit: 1.50
EA Formal Credit: 1.50

203 - Window Programs and Workforce Reductions: Design, Administration, and Strategy

Economic trends and company-specific needs often lead to workforce changes. Retirement plans can often be used to facilitate a smooth transition for affected employees. Speakers discuss the strategic, logistical, compliance, and accounting aspects of early retirement windows and other workforce management initiatives.
Credits:
CPD Credit: 1.50
EA Core Credit: 0.75
EA Non-Core Credit: 0.75
EA Formal Credit: 1.50

204 - Employer Perspective of Point Solution ROI

There is a myriad of innovative health care point solutions on the market today that work in tangent with a health plan. Employers and other health plan sponsors are inundated with claims about their advantages to the plan members and sponsors. This session, with panelists representing three large employers, addresses the process to identify the type of solutions that are relevant to their needs, the metrics that are important to evaluate, implementation issues, performance guarantees, methods of estimating savings, and other considerations in managing these vendors.
Credits:
CPD Credit: 1.50

205 - Current Topics in Medicare Advantage and Part D Products

Speakers highlight current topics in Medicare Advantage and Part D using an interactive format including presentations, polling, and audience participation. Topics include Medicare Advantage, Part D, and employer-sponsored Medicare plans.
Credits:
CPD Credit: 1.50

206 - Bias: Good, Bad, or a Fact of Life?

Biases. We all have them and we all deal with them in our work. Whether cognitive, social, or statistical in nature, bias creeps into actuarial work. Is bias bad, or can it be a good thing? Is it neither, and simply something for actuaries to identify, understand, and manage? How do we accomplish that? Join this interactive session as our panelists and audience discuss and debate different types of biases actuaries encounter in our work.
Credits:
CPD Credit: 1.50
EA Non-Core Credit: 1.50
EA Formal Credit: 1.50

207 - Service Purchases in Public Retirement Systems

Speakers explore technical aspects and implications of service purchase programs in public employee retirement systems.
Credits:
CPD Credit: 1.50
EA Non-Core Credit: 1.50
EA Formal Credit: 1.50

208 - M&A Outlook

Come participate in a deep dive into pension challenges in M&A selling from diligence to execution. What are the financial and operational implications of pension plans across the world? Speakers discuss assessing accounting impact on the deal including key differences in accounting standards, assumption setting, impact of operational challenges related to pension on deal timeline and execution.
Credits:
CPD Credit: 1.50
EA Non-Core Credit: 1.50
EA Formal Credit: 1.50

209 - Yo-Yo'ing Return Expectations

Capital market dynamics change over time, and connect directly to return expectations. Panelists review the impact of rising and falling interest rates and stock pricing multiples on capital market models and expectations for portfolio returns.
Credits:
CPD Credit: 1.50
EA Non-Core Credit: 1.50
EA Formal Credit: 1.50

301 - Nerdle aka ERISA Trivia

ERISA turns 50 next year. Whether you are under age 50 or already have passed that mark, don't let a refined knowledge of ERISA remain on your actuarial bucket list. Attend this session and start scratching that item off this year.
Credits:
CPD Credit: 1.50
EA Core Credit: 1.50
EA Formal Credit: 1.50

302 - Hedging Pension Liabilities

Panelists discuss the issues around hedging liabilities (i.e., minimum funding, PBGC, accounting, and termination) including the different risk factors involved. They discuss the practical implementation of hedging strategies along with current challenges to hedging pension liabilities today. Panelists also discuss the role that pension actuaries can play to help facilitate a successful hedging strategy with their clients.

Credits:
CPD Credit: 1.50
EA Non-Core Credit: 1.50
EA Formal Credit: 1.50

303 - Suddenly Funded

With the recent rise in interest rates many plans are now looking much better funded, and may be within reach of terminating, but is that the only option? What about re-opening the plan, or are there other options altogether? Panelists discuss the pros and cons of termination, continued hibernation, and re-opening along with some ways to use any plan overfunding.
Credits:
CPD Credit: 1.50
EA Non-Core Credit: 1.50
EA Formal Credit: 1.50

304 - Retiree Healthcare - State of the Market

Retiree healthcare continues to be a front page topic. Economic pressures are squeezing participant budgets and sponsors are looking to best deploy resources to meet legacy commitments effectively. In Washington, while the Inflation Reduction Act has provided a boost to benefits for all retirees, but budget hawks are beginning to reappear and talk of changes to Medicare eligibility is growing louder. Our panel covers these topics and provide a current picture of retire healthcare markets. Additionally, panelists offer thoughts on trends within these markets and identify potential opportunities for consultants to help their clients best leverage them.
Credits:
CPD Credit: 1.50
EA Non-Core Credit: 1.50
EA Formal Credit: 1.50

305 - What's up with Getting Paid for Not Working?

Ever wonder how your clients are reacting to legislative changes and other external influences (like COVID) on short-and long-term disability programs? Speakers discuss those topics and how paid family and medical leave are influencing the increasing disability costs.
Credits:
CPD Credit: 1.50

306 - Captive Insurance Companies

Captive insurance companies are a risk management tool used in healthcare, pensions, life insurance, and casualty. A panel of experienced practitioners discuss how captive are used in these businesses.
Credits:
CPD Credit: 1.50

307 - Federal Laws Applicable to Public Plans

Panelists review the DOL, ERISA, and other federal regulations that apply to public plans and their members. Recent changes, proposed legislation, and notable litigation are also addressed.
Credits:
CPD Credit: 1.50
EA Non-Core Credit: 1.50
EA Formal Credit: 1.50

308 - Liability Duration Hedging Exotics

Gain a view into a non-traditional liability duration hedging including lessons from the UK and how might pension risk managers apply these strategies in the future.
Credits:
CPD Credit: 1.50
EA Non-Core Credit: 1.50
EA Formal Credit: 1.50

309 - Dueling Multiemployer Actuaries: Gray Areas

In this Monday multiemployer tradition, panelists present opposing views of various topics where there may be no absolutely right answer, and you get to decide who's most correct.
Credits:
CPD Credit: 1.50
EA Core Credit: 1.50
EA Formal Credit: 1.50

Women in Consulting Community Luncheon & Forum

The Women in Consulting Community meets to discuss current issues, outlooks, and news. Neither CCA nor Women in Consulting Community membership is required to attend.
Credits: