2012 CCA Annual Meeting

Sessions:

Session Handout

11 - DC Plans- The Accumlation Phase October 21 - 22, 2012

As defined contribution (DC) plans continue to be the primary vehicle for retirement savings, the need for appropriate education, awareness, and engagement of participants becomes more paramount. Come discuss approaches, tools, and risk associated with helping participants better understand and manage their DC plan prior to retirement.

Session Category
Employee Benefits - Defined Contribution Issues
Credits
EA Core0.50
EA Non-Core1.00
CPD1.50
Session Handout

01 - Again With the Gray Book October 21, 2012 5:00 PM - 7:05 PM

Experienced practitioners lead a review of the government responses to questions posed in the 2012 IRS Gray Book and PBGC Blue Book highlighting the practical implications of the answers. Speakers also address any updated information developed since the initial release of these books at the 2012 Enrolled Actuaries Meeting.

Session Category
Employee Benefits - Compliance Issues
Credits
EA Core2.50
CPD2.50
Session Handout

02 - General Session With Keynote Speaker Dr. S. Jay Olshansky: APC and the Longevity Dividend October 22, 2012 7:45 AM - 10:15 AM

Noted aging and demographic expert Dr. S. Jay Olshansky, who last delivered the keynote speech at the 2006 CCA Annual Meeting and received a standing ovation, discusses the development of a new forecasting methodology known as APC (age-period-cohort).

Instead of predicting the future by looking at the past mortality of extinguishing cohorts, the focus is on exploring the relationship between the health status of living younger cohorts and their prospects for survival. Published results indicate that this new methodology is far more accurate than linear extrapolation -- and there is evidence to suggest that cardiovascular mortality is about to rise in the US among all socio-economic status groups.

Recent work focused on the longevity of population subgroups and disparities in longevity in the US and the evidence to suggest that two Americas have formed -- one group that has already begun to experience declining life expectancy or is about to, and another that is about to benefit from advances in biomedical technology that will extend life more rapidly than is currently forecast by middle-range assumptions of the Social Security Administration.

A new effort is now underway to slow the biological rate of aging, and the difficult work is now being done to transform this research into an intervention that will extend healthy life among most currently living cohorts. Dr. Olshansky describes this effort, some of the ongoing work that is likely to lead to this advance, and the public policy implications of this work in terms of its impact on health, wealth, and quality of life.

In addition to his appearance as the keynote speaker, Dr. Olshansky is participating on the panel at session 13 on "Future Mortality Improvements."

Session Category
Cross Discipline
Credits
EA Non-Core1.50
CPD1.50
Session Handout

03 - Late Breaking Developments October 22, 2012 10:35 AM - 11:50 AM

A diverse panel of pension professionals discusses the latest developments affecting retirement plans on the legislative, regulatory and legal fronts. Among the topics that may be covered are: PPA; 2012 legislation; DOL, IRS, PBGC, and Treasury guidance; and recent court decisions.

Session Category
Employee Benefits - New Rulings/Development
Credits
EA Core1.50
CPD1.50
Session Handout

04 - Retirement - Ready or Not? October 22, 2012 10:35 AM - 11:50 AM

Recent research on retirement income adequacy indicates that many employees may not be on track to retire with adequate income. At the same time, surveys indicate that employees may not be aware of the risks they face during retirement. Our speakers share insights from recent research at Aon Hewitt and the Society of Actuaries.

Session Category
Employee Benefits - Retirement/Consulting Issues
Credits
EA Non-Core1.50
CPD1.50
Session Handout

05 - Small Plan Design and Technical Issues October 22, 2012 10:35 AM - 11:50 AM

The speaker presents plan design options from the simple to the most complex with a focus on real world issues, common problems and practical solutions. Examples include safe harbors, general tested formulas, and cash balance plans.

Session Category
Employee Benefits - Small Plan Issues
Credits
EA Non-Core1.50
CPD1.50
Session Handout

06 - Carrots & Sticks - New Incentive Approaches in Employer-Sponsored Health Plans October 22, 2012 10:35 AM - 11:50 AM

As employers strive to control the cost of healthcare, a critical element of programs is the effort to engage the consumer. Without that engagement, both health promotion and care management programs will not produce the results needed. Employers have increased the use of both incentives to encourage behavior change and penalties to put more "skin in the game" to modify behavior. Listen to two employers and a researcher describe the use of both "carrots and sticks" and discuss the savings and return on investment of such efforts.

Session Category
Health & Welfare
Credits
CPD1.50
Session Handout

07 - EGWPs - The True Story October 22, 2012 10:35 AM - 11:50 AM

Actuaries who have implemented an Employer Group Waiver Plan (EGWP) on behalf of employers discuss their experiences and which employers are best for these programs.

Session Category
Health & Welfare - Prescription Drugs
Credits
CPD1.50
Session Handout

08 - Life in a Glass House - Current Scrutiny of Public Plans October 22, 2012 10:35 AM - 11:50 AM

Public plans receive an extraordinary level of attention from media and reformers. In this session, a prominent critic of public plans from a pension reform organization brings her observations to what promises to be a lively and challenging discussion.

Session Category
Public Plans
Credits
EA Non-Core1.50
CPD1.50
Session Handout

09 - Working Around the Globe - Best Practices for Retirement October 22, 2012 10:35 AM - 11:50 AM

Internationally mobile staff often suffer significant gaps in social and occupational pension program coverage. Multi-jurisdictional tax, labor, and pension regulations increase the complexity of the problem and potential solutions. The speakers at this session present typical approaches to mitigate this problem and discuss best practices. An actual case with a leading global employer is discussed.

Session Category
International - Pension Issues
Credits
EA Non-Core1.50
CPD1.50
Session Handout

10 - Executive Compensation October 22, 2012 10:35 AM - 11:50 AM

Hear what is new and what exactly is happening after the events of the past year. Topics include 2012 updates, proxy rules, the impact of PPA, and new legislation affecting these plans.

Session Category
Cross Discipline
Credits
EA Non-Core1.50
CPD1.50
Session Handout

12 - Talking to the Auditor/Defending Your Work October 22, 2012 2:15 PM - 3:30 PM

Heightened scrutiny of pension and Other Post-Employment Benefits (OPEB) assumptions and results by your client’s accounting firm is currently the order of the day. Actuaries signing actuarial statements of opinions must build into their work processes time for a dialogue with the auditor. Learn how to interpret the questions a signing actuary receives from an accounting firm’s reviewing actuary. Alignment of the reviewing actuary’s needs with the work product requested by the client should minimize time spent by the signing actuary on auditor inquiry and maximize client appreciation for a synchronized, flexible working relationship between actuary and auditor.

Session Category
Employee Benefits - Accounting Issues
Credits
EA Non-Core1.50
CPD1.50
Session Handout

13 - Future Mortality Improvements October 22, 2012 2:15 PM - 3:30 PM

The speakers provide an update on SOA mortality research, alternative views on future mortality improvements, and changes in practice following Actuarial Standard of Practice (ASOP) 35.

Session Category
Cross Discipline
Credits
EA Core1.50
CPD1.50
Session Handout

14 - Healthcare Reform Implications in the Retail/Restaurant Industry October 22, 2012 2:15 PM - 3:30 PM

The speakers at this session focus on the issues specific to the workers employed by the retail/restaurant industry as a result of healthcare reform through the Affordable Care Act (ACA).

Session Category
Health & Welfare - Insurance
Credits
CPD1.50
Session Handout

15 - Medicare Advantage and PDPs October 22, 2012 2:15 PM - 3:30 PM

Speakers discuss current topics concerning Medicare Parts C & D from the consultant and plan perspectives, including changes to these programs as a result of healthcare reform through the ACA.

Session Category
Health & Welfare - Retiree Medical
Credits
CPD1.50
Session Handout

16 - Code of Conduct for Public Sector Actuaries - "Law & Order: Public Plans Division" October 22, 2012 2:15 PM - 3:30 PM

"In a public retirement system, the people are represented by two separate, yet equally important groups. The plan sponsor who establishes and funds the plan and the retirement system who invests the assets and administers the plan. These are their stories."

  • In today's challenging economic climate, funding retirement plans is one of the greatest financial challenges, as well as one of the most significant budget issues for plan sponsors. As a result, it is not uncommon for plan sponsors (cities, states, municipalities, etc.) to hire their own actuary (or "hired gun") to provide advice, recommendations, findings, etc. that are consistent with the plans sponsor's financial constraints.
  • The retirement system's retained actuary, on the other hand, generally tries to provide advice, recommendations, findings, etc. that are consistent with the system's ultimate goal of sound funding.

Given the possibly divergent goals of their principals, it is entirely possible that the recommendations of these two sets of actuaries will be different even though the basic data and circumstance are the same.

The speakers at this session explore the challenges and conflicts that public plan actuaries may face in serving their principals while also complying with both the Code of Conduct and ASOPs, including the following:

  • Do the Code and the ASOPs provide sufficient guidance and support to the actuaries providing different recommendations?
  • What other factors and consequences should public plan actuaries consider before taking a “hired gun” assignment?
  • Does this situation create “reputational risk” for the actuarial profession, since dueling actuaries encourages the perception that actuaries are just “answers for hire.”

Session Category
Public Plans
Credits
EA Core1.50
CPD1.50
Session Handout

17 - Healthcare Around the Globe - Are There Lessons to be Learned? October 22, 2012 2:15 PM - 3:30 PM

The current national debate on healthcare reform through the Affordable Care Act in the USA has heightened interest in healthcare policy in other developed economies. The speakers at this session present several social healthcare and private medical plan models and discuss popular methods of integrated medical benefit delivery and typical company practices.

Session Category
International
Credits
CPD1.50
Session Handout

18 - Lifetime Income October 22, 2012 2:15 PM - 3:30 PM

The speakers examine employer responses to early 2012 Treasury regulations on annuity promotion, dealing with fiduciary issues, and the current state of the annuity market.

Session Category
Cross Discipline
Credits
EA Core0.75
EA Non-Core0.75
CPD1.50
Session Handout

26 - Workforce Analytics – Do the Math October 22, 2012 3:05 PM - 5:05 PM

Technological, generational and economic changes produce a wealth of information on current and emerging workforce issues. The ability to interpret and evaluate the available data, identify trends, make targeted recommendations and measure results – core actuarial skills – are critical to winning the war for talent. Panelists provide an overview of the emerging workforce issues and share their real-world experience (as client and consultant) in addressing these challenges.

Session Category
Cross Discipline
Credits
EA Non-Core1.50
CPD1.50
Session Handout

19 - ERISA Trivia October 22, 2012 3:50 PM - 5:05 PM

Have fun in a collaborative environment where you can test what you know about PPA and ERISA and walk away with knowledge that you will find helpful in servicing your clients.

Session Category
Employee Benefits - Compliance Issues
Credits
EA Core1.50
CPD1.50
Session Handout

20 - Retirement of the Future and Improving Plan Design October 22, 2012 3:50 PM - 5:05 PM

Speakers at this session discuss the SOA's "Retirement 20/20" project as well as the Academy and SOA's joint "Retirement for the Ages" project.

Session Category
Employee Benefits - Retirement/Consulting Issues
Credits
EA Non-Core1.50
CPD1.50
Session Handout

21 - ERISA Litigation October 22, 2012 3:50 PM - 5:05 PM

Speakers on this panel review recent court decisions affecting pension actuaries and pension plans, and provide insight on plan design and administration considerations.

Session Category
Cross Discipline
Credits
EA Core1.50
CPD1.50
Session Handout

22 - Healthcare Reform Implementation: Ask the Academy October 22, 2012 3:50 PM - 5:05 PM

To gear up for the Affordable Care Act’s major provisions scheduled to take effect in 2014, regulations governing the implementation are issued frequently. The American Academy of Actuaries serves as a resource to the state and federal regulators who are drafting these rules. After a brief presentation, speakers at this interactive session provide a forum for health actuaries to ask panelists about the latest developments in healthcare reform implementation, the Academy’s involvement in the regulatory process, and the actuarial profession’s role in proving input to the public policy process.

At the conclusion of the session, attendees should have a better understanding of new healthcare reform developments and the actuarial profession’s role in the public policy process.

Session Category
Health & Welfare
Credits
CPD1.50
Session Handout

23 - Retiree Medical and Healthcare Reform - Actuarial Assumptions and Methods and ASOP 6 October 22, 2012 3:50 PM - 5:05 PM

ASOP 6, Measuring Retiree Group Benefits Obligations and Determining Retiree Group Benefits Plan Costs or Contributions, is undergoing a number of revisions. The speakers discuss the key elements of the revised ASOP and illustrate examples of the ASOP’s application to the selection of assumptions and methods for reflecting healthcare reform and its impact on retiree medical obligations.

Session Category
Health & Welfare - Retiree Medical
Credits
EA Non-Core0.75
CPD1.50
Session Handout

24 - How Much is Enough? Public Plans Funding Policy in a Post-ARC World October 22, 2012 3:50 PM - 11:00 PM

Public retirement systems are not subject to any Federal (ERISA/IRS/PPA equivalent) minimum funding requirements. In fact, plan sponsors are not required to prefund public retirement system liabilities at all. Furthermore, while some plans sponsors relied on the GASB Annual Required Contribution (ARC) as a quasi-funding standard, impending changes in the GASB reporting and disclosure standards eliminate the GASB ARC as a source of guidance on funding policy.

For reasons of long-term cost savings, benefit security and discipline, most jurisdictions have elected to prefund their plans by developing some form of pension funding policy. However, due to the lack of specific minimum funding requirements, and the broad range of allowable practices under current accounting rules, retirement systems currently are not only funded to varying degrees but have policies that vary widely as to how funding shortfalls will be remedied in the future.

Jurisdictions must develop fiscally sound funding policies for their public pension systems and then have the discipline to follow them. But what constitutes a fiscally sound funding policy? What body, if any, should be responsible for monitoring compliance with the funding policy? These questions are particularly relevant in a post-ARC environment.

The speakers discuss funding policy for public plans including the following topics:

  • Funding policy after the ARC; what body, if any, is responsible for developing and monitoring adherence to funding policy guidelines or requirements;
  • The funding policy of public pension plans in Texas and related responsibilities of the Texas Pension Review Board;
  • The California Actuarial Advisory Panel's Model Funding Policies and Practices; and
  • Government Finance Officers Association's (GFOA) emerging work on “best practices” for public plan funding policies.

Session Category
Public Plans
Credits
EA Non-Core1.50
CPD1.50
Session Handout

25 - Pension De-risking Strategies- Canada and UK Perspectives October 22, 2012 3:50 PM - 5:05 PM

Many employers are actively moving to get out of the pension business and develop strategies to de-risk and exit their defined benefit provisions. Panelists speak to the latest approaches being employed in Canada and the United Kingdom.

Session Category
International - Pension Issues
Credits
EA Non-Core1.50
CPD1.50
Session Handout

27 - Plan Termination: Preparing for the Big Day October 23, 2012 8:00 AM - 9:30 AM

Plan terminations require a plethora of government filings, mandatory communications with participants, and other administrative tasks—each with its own timing requirements and consequences—that significantly impact a plan termination’s timing. Learn how to shepherd plan sponsors through the plan termination maze.

Session Category
Employee Benefits - PBGC/Plan Termination Issues
Credits
EA Core2.00
CPD2.00
Session Handout

28 - Multiemployer Plans for Single Employer Actuaries October 23, 2012 8:00 AM - 9:40 AM

Do you think withdrawal liability is the fee for removing money at an ATM, or that the green zone is a plastics-free environment? If so, this session is for you. The speakers discuss withdrawal liability including complete withdrawal, partial withdrawal, mass withdrawal, and payment schedules. An overview of the funding requirements for multiemployer plans and the differences between single employer and multiemployer funding is also presented.

While this session is geared toward single employer actuaries, experienced multiemployer actuaries should find the review of these topics helpful.

Session Category
Employee Benefits - General
Credits
EA Non-Core2.00
CPD2.00
Session Handout

29 - Through the Looking Glass: A Multi-Perspective View of Retirement Plan Risk October 23, 2012 8:00 AM - 9:40 AM

With over $2 trillion in retirement plan obligations, pension plan sponsors are looking for ways to better manage liability and asset risks associated with ongoing and legacy pension plans. The speakers discuss approaches to mitigate risk at both the plan and organizational level with a focus on emerging strategies in the arenas of plan design, investments and settlements.

Session Category
Employee Benefits - General
Credits
EA Non-Core2.00
CPD2.00
Session Handout

30 - Private Exchanges and Defined Contribution October 23, 2012 8:00 AM - 9:40 AM

Healthcare reform through ACA generated new interest in defined contribution strategies for employers and private exchanges that facilitate this strategy. Join us for a discussion with several industry innovators in these new programs.

Session Category
Health & Welfare
Credits
CPD2.00
Session Handout

31 - What's Up With ACOs? October 23, 2012 8:00 AM - 9:40 AM

The speakers at this session continue the discussion related to the development of Accountable Care Organizations and their potential impact on bending the cost curve.

Session Category
Health & Welfare
Credits
CPD2.00
Session Handout

32 - Everyone's an Expert- Setting the Long - Term Rate of Return Assumption October 23, 2012 8:00 AM - 9:40 AM

The sluggish economy renewed attention by the media and policy makers on the expected long-term rates of return (discount rates) used for public plans. Many argue that the rates used in the actuarial valuations are too high. The speakers at this session explore the roles of the actuary and the investment consultant in developing recommended rates of return for valuing pension liabilities, including the process each uses in determining their market expectations. Also discussed are ASOP 27 changes as well as the use of arithmetic and geometric means in setting future return expectations.

Session Category
Public Plans
Credits
EA Core2.00
CPD2.00
Session Handout

33 - Turmoil in the EU:Impact on Private and State Pension Programs October 23, 2012 8:00 AM - 9:40 AM

Speakers discuss the recent turmoil in the European Union and its impact on the pensions environment with particular focus on the short-term austerity measure being taken by European governments, and likely long-term changes to the regulatory environment.

Session Category
International
Credits
EA Non-Core2.00
CPD2.00
Session Handout

34 - Financial Analysis for the Consulting Actuary October 23, 2012 8:00 AM - 9:40 AM

Understanding our client’s financial health is critical context for the work for the work of the consulting actuary. The panelists at this session discuss financial analysis – the examination of the balance sheet and income statement, and discussion of common measurements – debt and other ratios, cash flow and income statement measures, and the footnote disclosures that give financial analysts insight and standards of comparison to better understand the financial health of an organization and the financial and other risks that may affect the organization. The concept of Enterprise Risk Management (ERM) is also discussed.

At the conclusion of this session, attendees should understand:

  • Accounting rules and accounting standards for financial statement preparation and presentation;
  • Common measurements for assets, liabilities, debt and cash flow;
  • Perspective on common measurement levels by type of employer and industry;
  • Identifying areas of financial risk for companies; and
  • Identifying operational risk through the management letter and footnote disclosure.

Session Category
Cross Discipline
Credits
EA Non-Core2.00
CPD2.00
Session Handout

35 - Recent Developments in Hybrid Plans October 23, 2012 10:00 AM - 11:40 AM

PPA gave the "all clear" for cash balance and other hybrid plans. However, the path to compliance hasn't been without turbulence. The speakers discuss recent developments in regulatory guidance and plan design.

Session Category
Employee Benefits - Plan Design Issues
Credits
EA Core2.00
CPD2.00
Session Handout

36 - Dialogue With the PBGC October 23, 2012 10:00 AM - 11:40 AM

Representatives from the PBGC discuss recent and pending guidance, court cases, compliance and filing issues. Ample time is allotted for attendee questions.

Session Category
Employee Benefits - PBGC/Plan Termination Issues
Credits
EA Core2.00
CPD2.00
Session Handout

37 - Compliance From the Plan Sponsor Perspective October 23, 2012 10:00 AM - 11:40 PM

Pension plan sponsors deal with a myriad of questions regarding compliance. Speakers also discuss how sponsors use technology in the administration of these plans.

Session Category
Employee Benefits - Compliance Issues
Credits
EA Core1.00
EA Non-Core1.00
CPD2.00
Session Handout

38 - State Exchanges in Advance of 2014 October 23, 2012 10:00 AM - 11:40 PM

The speakers at this session focus on exchange administrator and employer strategies being developed now in advance of the initiation of state healthcare exchanges to be in place in 2014 as a result of PPACA. Hear from consultants working with employers on their advance strategies as well as administrators who expect to participate as exchange partners. The panelists share their perspectives on the issues arising in various states from across the country.

Session Category
Health & Welfare
Credits
CPD2.00
Session Handout

39 - Future Outlook for Medicare October 23, 2012 10:00 AM - 11:40 PM

Past innovations in the Medicare program sometimes worked and sometimes didn't. Examples of new programs currently being tested include bundled payments, accountable care organizations and patient-centered homes. Come have an open discussion about these and other programs intended to bend the cost curve and debate on whether or not they could also work in the private sector.

Session Category
Health & Welfare
Credits
CPD2.00
Session Handout

40 - Can They do That? Plan Design and Constitutional Issues October 23, 2012 10:00 AM - 11:40 PM

Speakers provide a survey of plan design trends and the legal constraints on reducing benefits for current participants or for future participants. The panelists also discuss hybrid plan design including both cash balance plans and DB/DC combination plans.

Session Category
Public Plans
Credits
EA Core1.00
EA Non-Core1.00
CPD2.00
Session Handout

41 - Challenges and Opportunities in Emerging Market Economies October 23, 2012 10:00 AM - 11:40 PM

With global companies looking for new growth opportunities around the world, interest in emerging market economies has increased tremendously over the past several years. Panelists discuss the labor market challenges and opportunities in selected countries while investigating the rapid changes in both public and private benefit plans and retirement systems that have recently emerged. Expected future developments are also addressed.

Session Category
International
Credits
EA Non-Core2.00
CPD2.00
Session Handout

42 - Dialogue With the ASB October 23, 2012 10:00 AM - 11:40 PM

Members of the Actuarial Standards Board provide an update on ASB activities and answer attendee questions regarding newly released ASOPs, exposure drafts and ASOPs on the horizon. The audience participants are given the opportunity to share their concerns and ideas with the ASB.

Session Category
Professionalism
Credits
EA Core2.00
CPD2.00
Session Handout

43 - Professionalism in Client Communications October 23, 2012 1:00 PM - 3:05 PM

Communicating with clients can be challenging for actuaries even under the best of circumstances. Clients may not appreciate the complexities of actuarial work or recognize how changes in circumstances can impact calculations, projections and recommendations. When the news is bad, clients face difficult decisions or actuaries have to disclose mistakes, communications can be even more difficult. Speakers at this interactive session provide practical advice on how to help actuaries communicate with their clients in a highly professional way. Topics include:

  • Satisfying the actuary's responsibilities under the Code of Professional Conduct and Actuarial Standards of Practice;
  • Recognizing common communication pitfalls;
  • Identifying and tailoring communications that are likely to be difficult;
  • Timing communications;
  • Choosing among communications media;
  • Establishing and maintaining a stream of communications;
  • Minimizing legal risks when communicating bad news; and
  • Documenting communications.

Participants leave with a series of tools and suggestions to help them communicate more effectively with clients, especially in difficult situations.

Session Category
Cross Discipline
Credits
EA Ethics2.50
CPD2.50
Session Handout

44 - A Practical Guide to Dealing With PBGC "Downsizing" Liability October 24, 2012 8:00 AM - 9:15 AM

In recent years, the PBGC aggressively pursued employers who maintain ongoing plans for up to the full amount of the plan’s termination liability, based on certain asserted downsizing events. These events include not only full plant shutdowns, but also going-concern asset sales, transfers of operations to other locations, and the discontinuance of only one of several operations at a particular location. Learn how to plan effectively for such an event and how to deal effectively with a PBGC demand for downsizing liability.

Session Category
Employee Benefits - PBGC/Plan Termination Issues
Credits
EA Core1.50
CPD1.50
Session Handout

45 - Benefit Restrictions October 24, 2012 8:00 AM - 9:15 AM

Speakers cover benefit restrictions under PPA including a brief overview of the rules and how to anticipate and avoid the restrictions.

Session Category
Funding and Schedule B Issues
Credits
EA Core1.50
CPD1.50
Session Handout

46 - The Evolution of Pension Funding Stabilization in MAP-21 October 24, 2012 8:00 AM - 9:15 AM

PPA completely changed funding rules as they existed for decades. With the financial crisis of 2008 and continued low interest rates, various forms of relief were granted. Yet another round of changes has been introduced as MAP-21 was recently signed into law by President Obama. Speakers at this session focus on the evolution of this pension funding stabilization in MAP-21 and the potential aggregate effect on U.S. plans.

Session Category
Funding and Schedule B Issues
Credits
EA Non-Core1.50
CPD1.50
Session Handout

47 - Care Beyond the Doctor's Office and Hospital - On Site, Near Site and Urgent Care Clinics October 24, 2012 8:00 AM - 9:15 AM

The amount of care provided in alternative locations to physicians' offices and hospitals over the last five years has accelerated. Employers are establishing on-site and near-site clinics to handle simple - and in some cases more complex - healthcare needs and to serve as champions of health and wellness programs. Thousands of urgent care clinics - in pharmacies, grocery stores, big box retailer and free standing - have opened and are providing care at lower prices and with more convenient hours than at doctors' offices. If another 30 million or so people receive healthcare coverage as a result of the Affordable Care Act, these non-traditional delivery settings could become important providers of care for employees covered under their employers' health plans. In this session, an employer describes his company's effective and popular on-site clinics, a consultant MD discusses best practices in on-site and near-site clinics, and a manager of urgent care clinics describes the current state and expected growth of this care delivery platform.

Session Category
Health & Welfare
Credits
CPD1.50
Session Handout

48 - Healthcare Reform – Legislative and Regulatory Hot Topics October 24, 2012 8:00 AM - 9:15 AM

In the wake of the Supreme Court decision on the constitutionality of certain aspects of PPACA, and in anticipation of the upcoming elections, uncertainty over the future of healthcare and health insurance in the U.S. is at an all-time high.

Please join us for an update on recent activity and informed speculation on the future outcomes that affect you and your clients.

Session Category
Health & Welfare
Credits
CPD1.50
Session Handout

49 - What Hath GASB Wrought? The Impending Revolution in Public Pension Accounting October 24, 2012 8:00 AM - 9:15 AM

The public pension accounting rules have just undergone the most sweeping overhaul in their history. Even though the new rules are not immediately effective, now is the time to find out what's changed and how these changes affect our understanding of the cost of public pensions. The panel includes both actuarial experts and a representative from the staff of the Governmental Accounting Standards Board.

Session Category
Public Plans
Credits
EA Non-Core1.50
CPD1.50
Session Handout

50 - The Sun Has Set in Japan - What's Next? October 24, 2012 8:00 AM - 9:15 AM

The deadline to convert tax qualified pension plans has finally passed. Our panelists speak to how companies have complied with the new regulations. An actual client case study is also presented. Finally, the speakers anticipate where the market is headed in the retirement arena.

Session Category
International - Pension Issues
Credits
EA Non-Core1.50
CPD1.50
Session Handout

51 - ERM from a Non-pension Perspective October 24, 2012 8:00 AM - 9:15 AM

The speakers at this session focus on how to identify and manage all risk from a holistic perspective.

Session Category
Cross Discipline
Credits
EA Non-Core1.50
CPD1.50
Session Handout

52 - Dialogue With the IRS October 24, 2012 9:30 AM - 10:45 AM

This is an excellent opportunity for attendees to ask questions and discuss important developments with representatives of the IRS. Don't miss your chance to (possibly) get answers to some questions that have been troubling you.

Session Category
Employee Benefits - General
Credits
EA Core1.50
CPD1.50
Session Handout

53 - Construction and Interpretation of the Yield Curve October 24, 2012 9:30 AM - 10:45 AM

Construction and interpretation of the yield curve for accounting and funding.

Session Category
Employee Benefits - General
Credits
EA Core0.75
EA Non-Core0.75
CPD1.50
Session Handout

54 - Eligible Charity Plans October 24, 2012 9:30 AM - 10:45 AM

PRA 2010 added "Eligible Charity Plans" to PPA section 104; including delayed PPA effective dates and funding relief. Guidance is still lacking. At this session, practitioners discuss these plans, regulatory concerns, and approaches taken at navigating backwards to the pre-PPA rules after several years of following PPA. Audience participation is encouraged.

Session Category
Employee Benefits - Plan Design Issues
Credits
EA Core1.50
CPD1.50
Session Handout

55 - Employer Response to Healthcare Reform - Retiree Medical October 24, 2012 9:30 AM - 11:00 PM

The passage of the Affordable Care Act opens opportunities for employers to revisit the strategic direction supporting their retiree medical plans. Speakers at this session provide an employer’s perspective on the impact of ACA on their retiree medical plans. They discuss the changes they’ve made to date, alternate approaches they considered, and how they intend to respond in the future.

Session Category
Health & Welfare - Retiree Medical
Credits
CPD1.50
Session Handout

56 - How Many Actuaries Does it Take to Fix the Healthcare System? October 24, 2012 9:30 AM - 10:45 AM

By the time you arrive in Boca Raton, you’ll be saturated with political ads extolling the virtues/evils of healthcare reform as it stands following the Supreme Court’s ruling. The panelists at this session facilitate a timely and interactive discussion on what is right or what is wrong with healthcare reform on the doorstep of the 2012 presidential election. Specifically, if actuaries ruled “Healthcare World,” what would they prescribe in terms of technical and policy changes to enact an efficient and equitable system of healthcare financing, insurance and delivery? How will reform – in whatever shape it ultimately takes – either achieve or fail to reach its stated goals? For this session, participants are assigned to debating teams tasked with advocating a pro or con position with respect to some of the key issues underlying reform. Debate topics include issues such as the individual mandate, the employer pay-or-play rule, the role of federal subsidies in enhancing coverage affordability, the impact on underwriting reforms on rating and risk, and the role of private insurers in a system moving dramatically toward a more prominent federal role. The debating teams are then asked to prepare and present their arguments, with audience participation encouraged to enhance the value of the debate for all participants. Come and have your opinions heard (and challenged) by your peers!

Session Category
Health & Welfare
Credits
CPD1.50
Session Handout

57 - Public Plans Open Forum October 24, 2012 9:30 AM - 10:45 AM

Join your public plan colleagues in an open discussion of current issues facing public plan actuaries and the systems they serve.

Session Category
Public Plans
Credits
EA Core0.75
EA Non-Core0.75
CPD1.50
Session Handout

58 - Pan-European Pensions October 24, 2012 9:30 AM - 10:45 AM

Speakers discuss the recent developments in the market for Pan-European pension, with a focus on the regulatory environment and the practical issues surrounding implementation.

Session Category
International - Pension Issues
Credits
EA Non-Core1.50
CPD1.50
Session Handout

59 - Social Media Networking October 24, 2012 9:30 AM - 10:30 AM

Social media has truly been a transformational force in our society over the last ten years as we’ve witnessed the birth of an entirely new industry dedicated to facilitating online sharing.

Relevant to consulting actuaries, social media is a means of building a brand – whether it’s an individual brand, a company brand, or a professional brand. Information is exchanged in ever more creative ways. Information arbitrage has been turned upside down. And we’re seeing individuals and businesses engaging and cooperating in entirely new and surprisingly profitable ways.

Our panel will share their personal experiences with social media. We’ll hear from a consulting actuary who has been a close follower – and user – of social media for several years, who will share tips for getting started at building a personal and professional brand.

We’ll also hear from two prominent pioneers of social media, the Winklevoss twins, who will share their insights into the early growth of this phenomena as well as their more current experiences with developing and growing a business that is heavily social media reliant.

Session Category
Cross Discipline
Credits
CPD1.50
Session Handout

60 - Unwelcomed Media Attention: Sensationalism or Substance? October 24, 2012 11:00 AM - 1:00 PM

The issues we touch on a day-to-day basis periodically appear in the media in a less than favorable light. The result is a public perception that directly challenges the integrity of the actuarial profession, and impacts the day-to-day practice of consultants. Some examples include the use of corporate-owned life insurance for financing employee benefits, the switch from traditional to cash balance pension plans, and maximizing qualified plan benefits for executives. Is the media perception unwarranted, true or somewhere in between? Hear contrasting perspectives on these issues involving ethical dilemmas and issues concerning integrity in the profession from some of your favorite actuaries and share your own views on these important topics.

Session Category
Cross Discipline
Credits
EA Non-Core2.00
CPD2.00

  • 1 David Scharf Buck
  • 2 Harold J. Ashner Keightley & Ashner, LLP
  • 3 Laura Rosenberg Fiduciary Counselors Inc.
  • 4 Mark S. Weisberg Thompson Coburn LLP
  • 1 Eric A. Keener Aon
  • 2 Maria M. Sarli Willis Towers Watson
  • 3 Bruce Cadenhead Mercer
  • 4 Francis X. Reagan Willis Towers Watson
    (Session Assistant)
  • 1 Joseph F. Hicks CBIZ Retirement Plans Services
  • 2 Thomas J. Finnegan CBIZ Retirement Plan Services
  • 3 James E. Holland Cheiron, Inc.
  • 1 Alex Rivera Gabriel Roeder Smith & Company
  • 2 David H. Slishinsky Buck
  • 3 Terry A.M. Mumford Ice Miller LLP
  • 4 David N. Levine Groom Law Group, Chartered
  • 1 George B. Wagoner
  • 2 Rob Paczkowski Capital One
  • 3 Tom Charland Merchant Medicine LLC
  • 4 Bruce Hochstadt Mercer
  • 1 George B. Wagoner
  • 2 Renya Spak Mercer
  • 3 Matt Turner Genworth Financial
  • 4 Martha J. Whiteman Cummins Inc.
  • 1 Lindsay B. Neu Deloitte Services LP
  • 2 Astghik Ananyan Actuarial Society of Armenia
  • 3 Guilherme Brum Gazzoni GAMA Consultores Associados
  • 4 Martin Rondeau AIG
  • 1 Lance J. Weiss Gabriel Roeder Smith & Company
  • 2 Paul Angelo Segal Consulting
  • 3 Adam J. Reese PRM Consulting Group
  • 1 Edward K. Warner Buck
  • 2 Grace C. Caress Anthem Inc.
  • 3 Scott M. Japko Mercer
  • 4 Erin A. Kartheiser Winston & Strawn LLP
  • 5 Dorene Ann Conlon Archdiocese of New York
    (Session Assistant)
  • 1 Douglas K. German Buck
  • 2 Robert S. Byrne Willis Towers Watson
  • 3 Jesse Nichols Willis Towers Watson
    (Session Assistant)
  • 1 Robert O. Bacher ConocoPhillips
  • 2 Marina L. Edwards Willis Towers Watson
  • 3 Stephen Jenks Putnam Investments
  • 0 Thomas D. Levy Segal Consulting
  • 1 John T. Stokesbury Deloitte Consulting LLP
  • 3 Mita Drazilov Gabriel Roeder Smith & Company
  • 4 Robert Cosway Milliman Inc.
  • 1 Donald J. Segal
  • 2 John H. Moore The Terry Group
  • 3 Carolyn E. Zimmerman Internal Revenue Service
  • 4 Tonya B. Manning Buck
  • 1 Ellen L. Kleinstuber Bolton Partners, Inc.
  • 2 Amy C. Viener Pension Benefit Guaranty Corp.
  • 3 Jennifer Messina Pension Benefit Guaranty Corp.
  • 1 Thomas S. Tomczyk Buck
  • 2 Geoffrey Kuhn Aon
  • 3 Troy Michael Filipek Milliman Inc.
  • 1 John Landis Dowell
  • 2 Stephen N. Eisenstein KPMG
  • 1 Trevis G. Parson Willis Towers Watson
  • 2 Meredith McLean-Morrison Martin Marietta Materials Inc.
  • 1 David R. Godofsky Alston & Bird, LLP
  • 1 Joseph P. Strazemski Buck
  • 2 Yehuda Benjamin Haber Willis Towers Watson
  • 3 Janet H. Cranna Cheiron, Inc.
  • 4 Brian Diesing Hurleigh PricewaterhouseCoopers LLP
  • 5 Edward A. Quinn Buck
  • 1 Susan M. Fleming
  • 2 Phillip A. Merdinger Mercer
  • 3 Jeyaraj Vadiveloo Willis Towers Watson
  • 4 Stacy L. Apter Coca-Cola Company
  • 0 William R. Hallmark Cheiron, Inc.
  • 1 David H. Slishinsky Buck
  • 3 Mita Drazilov Gabriel Roeder Smith & Company
  • 4 Michael Sebastian Hewitt EnnisKnupp, an Aon Company
  • 1 Phillip A. Merdinger Mercer
  • 2 John H. Lowell October Three Consulting LLC
  • 3 Michael S. Melbinger Winston & Strawn LLP
  • 4 Tanya Rizzuto Willis Towers Watson
    (Session Assistant)
  • 1 Thomas A. Swain Findley
  • 2 Randy Zeek IMMUCOR, Inc.
  • 3 Casey Shork Deloitte Consulting LLP
    (Session Assistant)
  • 1 Tamara R. Shelton Willis Towers Watson
  • 2 S. Jay Olshansky University of Illinois at Chicago
  • 3 Robin B. Simon
  • 4 William E. Roberts Willis Towers Watson
  • 4 Kevin House Willis Towers Watson
    (Session Assistant)
  • 1 Dale H. Yamamoto Red Quill Consulting
  • 2 John Cookson Milliman Inc.
  • 1 S. Jay Olshansky University of Illinois at Chicago
  • 1 Wilfredo J. Gaitan
  • 2 Stephen Barry ING Employee Benefits
  • 3 Douglas J. Carey
  • 4 Vaibhavi V. Patel Aon
    (Session Assistant)
  • 1 Stuart H. Alden Aon
  • 2 Chip Kerby Liberté Group LLC
  • 1 Rebekah D. Bayram Milliman Inc.
  • 2 Cori E. Uccello American Academy of Actuaries
  • 3 Mac McCarthy MorningStar Actuarial Consulting, LLC
  • 1 Edward M. Pudlowski MorningStar Actuarial Consulting, LLC
  • 2 Heather E. Meade Ernst & Young, LLP
  • 3 Michelle Neblett National Restaurant Association
  • 1 Rebekah D. Bayram Milliman Inc.
  • 2 Mac McCarthy MorningStar Actuarial Consulting, LLC
  • 3 Barry Carleton Willis Towers Watson
  • 1 Lance J. Weiss Gabriel Roeder Smith & Company
  • 2 Stephen Gauthier Government Finance Officers Association
  • 3 Paul Angelo Segal Consulting
  • 4 Robert M. May Rudd & Wisdom Inc.
  • 1 Ellen L. Kleinstuber Bolton Partners, Inc.
  • 2 Sandra Rolitsky
  • 3 Carolyn E. Zimmerman Internal Revenue Service
  • 4 Tonya B. Manning Buck
  • 5 Andrew V. Wilkinson One America Financial Partners
    (Session Assistant)
  • 1 Paul Angelo Segal Consulting
  • 2 Marcia Fritz California Foundation for Fiscal Responsibility
  • 1 Thomas S. Terry The Terry Group
  • 2 Heidi Rackley
  • 3 Tonya B. Manning Buck
  • 1 David M. Tuomala Optum
  • 2 JoAnn Bogolin Bolton Health Actuarial, Inc.
  • 3 Troy Michael Filipek Milliman Inc.
  • 4 Richard C. Tash OptumInsight
    (Session Assistant)
  • 1 Joseph F. Hicks CBIZ Retirement Plans Services
  • 2 Jay K. Egelberg First Actuarial Consulting, Inc.
  • 3 Ben Bergeson Aon
  • 1 Gareth Wyn Jones Mercer
  • 2 Paul Kelly Willis Towers Watson
  • 3 Norman A. Dreger Mercer
  • 4 Casey Shork Deloitte Consulting LLP
    (Session Assistant)
  • 1 Mitsuyasu Nishiwaki Willis Towers Watson
  • 2 Paul Kitson PricewaterhouseCoopers
  • 3 Kevin P. Tighe Willis Towers Watson
  • 1 Ross Mark Krinsky Fidelity Investments
  • 2 Gloria S. Lesmeister Nova 401(k) Associates
  • 3 Paul M. Sepe Willis Towers Watson
  • 4 Michael Wayne Ringuette Willis Towers Watson
    (Session Assistant)
  • 1 David M. Tuomala Optum
  • 2 Trevor Fast Bind
  • 3 Tim Maroz Aon
  • 1 Carol R. Sears
  • 2 Lauren M. Bloom Elegant Solutions Consulting, LLC
  • 1 Brian B. Murphy Gabriel, Roeder, Smith & Company
  • 1 Stephen T. McElhaney Cheiron, Inc.
  • 1 Scott A. Hittner October Three LLC
  • 2 Michael F. Pollack Willis Towers Watson
  • 3 Brian C. Donohue October Three LLC
  • 4 Jonathan E. Joss Fidelity Investments
  • 5 Irina Pogrebivsky Arcadia University
    (Session Assistant)
  • 1 Stuart H. Alden Aon
  • 2 Suzanne Taranto Milliman Inc.
  • 3 Alan J. Silver Willis Towers Watson
  • 1 Robert J. Reiskytl Aon
  • 2 Grace Katherine Lattyak Aon
  • 3 Andrew J. Peterson Society of Actuaries
  • 4 Melissa M. Dubay Willis Towers Watson
    (Session Assistant)
  • 1 Donald E. Fuerst
  • 2 Andrew J. Peterson Society of Actuaries
  • 3 Robert W.E. Newton Pension Benefit Guaranty Corp.
    (Session Assistant)
  • 1 Thomas J. Finnegan CBIZ Retirement Plan Services
  • 1 Thomas S. Terry The Terry Group
  • 2 Brian M. Septon The Terry Group
  • 3 Cameron Winklevoss Winklevoss Technologies LLC
  • 4 Tyler Winklevoss Winklevoss Technologies LLC
  • 5 Una Clementine Raghavan Willis Towers Watson
    (Session Assistant)
  • 1 Edward M. Pudlowski MorningStar Actuarial Consulting, LLC
  • 2 Alan J. Silver Willis Towers Watson
  • 3 Olga T. Jacobs UnitedHealthCare
  • 4 Richard C. Tash OptumInsight
    (Session Assistant)
  • 1 Dennis M. Polisner KPMG LLP
  • 2 Judy Venturino KPMG LLP
  • 3 James D. Burke CBIZ Retirement Plans Services
  • 4 Colleen O'Malley Driscoll Ernst & Young, LLP
    (Session Assistant)
  • 1 John Landis Dowell
  • 2 Joseph J. Silvestri US Government Accountability Office
  • 3 Donald E. Fuerst
  • 0 Gordon B.L. Harman Eaton Corporation
  • 1 Mitsuyasu Nishiwaki Willis Towers Watson
  • 2 Keisuke Shikimi Mercer
  • 3 Steven Edward Brown Willis Towers Watson
  • 1 Kathleen P. Lamb
  • 2 Royce S. Kosoff Willis Towers Watson
  • 3 Craig P. Rosenthal Mercer
  • 4 S. Kai Petersen AndCo Consulting, LLC
  • 5 Valerie L. HIntzen Valerie Hintzen
    (Session Assistant)
  • 1 Gareth Wyn Jones Mercer
  • 2 George Xenakis Mercer
  • 3 Martin Rondeau AIG
  • 1 Scott A. Hittner October Three LLC
  • 2 Thomas S. Terry The Terry Group
  • 3 Heidi Rackley
  • 4 Ethan E. Kra Ethan E. Kra Actuarial Services LLC
  • 5 Donald E. Fuerst
  • 6 Frederick W. Kilbourne The Kilbourne Company
  • 7 Mary K. Moreland Abbott Laboratories
  • 8 Paul B. Zeisler
  • 1 Alex Rivera Gabriel Roeder Smith & Company
  • 2 James J. Rizzo Gabriel Roeder Smith & Company
  • 3 William R. Hallmark Cheiron, Inc.
  • 4 Michelle L. Czerkawski Governmental Accounting Standards Bd.
  • 0 Thomas S. Tomczyk Buck
  • 2 Gnana Kumar Kanisan Deloitte Consulting LLP
  • 3 Scott Rabin Buck
  • 4 Amanda K. Holland Milliman Inc
    (Session Assistant)
  • 1 Paul M. Sepe Willis Towers Watson
  • 2 Kathleen A. Creech NCR Corporation
  • 3 Andrea Susan Walsh Willis Towers Watson
  • 1 Wilfredo J. Gaitan
  • 2 Stephen Barry ING Employee Benefits
  • 3 Susan M. Fleming
  • 4 Vaibhavi V. Patel Aon
    (Session Assistant)