2015 CCA Annual Meeting

Hyatt Regency Coconut Point Resort & SpaOctober 25-28, 2015
Hyatt Regency Coconut Point Resort & Spa
Bonita Springs, Florida

 

The Conference of Consulting Actuaries is held the 2015 CCA Annual Meeting from Sunday, October 25th through Wednesday, October 28th at the Hyatt Regency Coconut Point Resort & Spa. Information about the sessions, speakers, and access to session handouts is available below.

 

Sessions:

Session Handout

001 - A Second Look at the Gray and Blue Books October 25, 2015 5:15 PM - 6:55 PM

Experienced practitioners lead a review of the government responses to questions posed in the 2015 IRS Gray Book and PBGC Blue Book, highlighting the practical implications of the answers. Speakers also address any information developed since the initial release of these books at the 2015 Enrolled Actuaries Meeting.

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

002 - An Economic Forecast in Uncertain Times with Keynote Speaker Dr. Sean Snaith October 26, 2015 7:45 AM - 10:15 AM

The outlook for the U.S. economy continues to be clouded by uncertainty. Economic policy uncertainty and the consequences of large complex legislation in the form of the Affordable Care Act (ACA) and Dodd-Frank for the labor market and financial markets weighs on a recovery that has been fitful, uneven and disappointing for over six years. How will the recovery fare in 2015 and beyond? When will the Fed finally commence interest rate hikes, what path will these increases follow and how will the economy and financial markets respond to the end of the zero interest rate policy? Will a global slowdown and a stronger dollar undercut the recovery? This entertaining session addresses these issues and reflects on the policies that have and will be implemented in the years ahead. Dr. Snaith has been noted by one business editor for his "uncanny knack to make economics not only understandable but interesting."

Session Category
Cross Discipline
Credits
CPD1.50
Session Handout

101 - Late Breaking Developments October 26, 2015 10:45 AM - 12:00 PM

A diverse panel of pension professionals discusses recent developments impacting retirement plans on the legislative, regulatory, and legal fronts. Potential topics include: 2015 legislation; IRS, DOL, Treasury and PBGC guidance; as well as recent court cases.

Session Category
Retirement
Credits
EA Core1.50
CPD1.50
Session Handout

102 - MPRA Part I: Technical Corrections to PPA or the Sun Sets on the Sunset October 26, 2015 10:45 AM - 12:00 PM

The Pension Protection Act (PPA) of 2006 created a whole host of new rules for funding multiemployer defined benefit (DB) pension funds, some of which were due to “sunset” at the end of the 2014. At the same time, PPA created several paradoxes for the plan sponsors and actuaries. The Multiemployer Pension Reform Act (MPRA) of 2014 repealed the sunset and solved some of these problems while creating additional funding and compliance rules. New and relevant regulations may be released by the end of October.

Session Category
Retirement
Credits
EA Core1.50
CPD1.50
Session Handout

103 - Retirement Income - How Do You Improve Your Chances of Having Enough? October 26, 2015 10:45 AM - 12:00 PM

There are varying opinions on how much retirement income is enough. Why is there so much variation? How much retirement income really is needed? Do individuals need more customized advice on what their target should be? Panelists discuss creative strategies to reach targets.

Session Category
Retirement
Credits
EA Non-Core1.50
CPD1.50
Session Handout

104 - Evaluating Private Exchange Offerings October 26, 2015 10:45 AM - 12:00 PM

Private exchange solutions for active employees come in many flavors and sub-flavors. What do employers and their consultants look for when performing an unbiased evaluation of the different products in the market? Two consultants present their ideas, neither of which work for exchange-providing firms.

Session Category
Health & Welfare
Credits
CPD1.50

105 - State of the ACA October 26, 2015 10:45 AM - 12:00 PM

What is the state of the ACA? Possible topics include: expectations vs. reality, enrollment, medical trends, 3 Rs, anti-selection issues, and the impact of recent court decisions. Understand how the ACA is being put into practical application. How are state-based exchanges doing vs. Federally-based exchange states? What struggles do regulators face? What is the impact on carriers? Small employers? Large employers? What challenges lie ahead for states, health plans, and employers?

Session Category
Health & Welfare
Credits
CPD1.50
Session Handout

106 - Evaluating and Mitigating Pension Risk Around the World October 26, 2015 10:45 AM - 12:00 PM

In large countries with many legacy defined benefit plans, attention is increasingly being paid to the measurement, management and mitigation of pension risk. New financial products are being introduced to meet this need. Speakers provide an overview of the need and current practice from perspectives of a plan sponsor, consultant and investment product provider.

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

107 - Legal and Legislative Update for Public Pension Plans October 26, 2015 10:45 AM - 12:00 PM

Presenters discuss the latest legal topics for public plans, including both recent litigation and emerging legislative actions. Topics include plan design and plan funding issues.

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

108 - Concept to Conclusion: The Mergers and Spinoffs Journey October 26, 2015 10:45 AM - 12:00 PM

2015 is shaping up to be the biggest mergers and acquisitions year in recent history. If you have worked in this area, you recognize that the first confidential call you receive on “Project XX” kicks off a series of steps that involve every aspect of your client’s plans. Speakers at this practical, interactive session address the many aspects of single-employer, private sector pension and OPEB plans with deeper dives into the benefits strategy, compliance, accounting and funding/PPA issues related to these various types of transactions. A plan sponsor also addresses these topics, and how to work with the financials of a newly spun-off company.

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

201 - Latest Issues and Trends in the Non-Qualified World October 26, 2015 2:00 PM - 3:15 PM

As the tax structure and expectations about future corporate and individual tax rates in the US continues to change, activity in non-qualified design and liability management continues to increase as well. Hear the latest trends in design along with the financial, disclosure and compliance considerations associated with the potential plan modifications that organizations are contemplating.

Session Category
Retirement
Credits
EA Non-Core1.50
CPD1.50
Session Handout

202 - MPRA Part II: PBGC and Remediation October 26, 2015 2:00 PM - 3:15 PM

MPRA provides new tools for deeply troubled funds. Speakers provide a detailed review of these tools, along with any applicable regulations. Panelists also cover the PBGC aspects of the law including premiums, partition, and plan mergers.

Session Category
Retirement
Credits
EA Core1.50
CPD1.50
Session Handout

203 - Financial Wellness October 26, 2015 2:00 PM - 3:15 PM

Financial wellness has become an increasingly hot topic among retirement plan sponsors. What exactly is financial wellness, how does it relate to physical health/wellness, and why should employers care? Speakers at this session discuss issues related to both content and delivery, using specific case studies.

Session Category
Retirement
Credits
EA Non-Core1.50
CPD1.50

204 - Medicare Advantage and Part D Workshop October 26, 2015 2:00 PM - 3:15 PM

This workshop format features a facilitated discussion of current topics in Medicare Advantage and Part D from the consultant and health plan perspectives, and is intended for those with considerable experience in this area.

Session Category
Health & Welfare
Credits
CPD1.50
Session Handout

205 - Cutting Edge Healthcare Delivery October 26, 2015 2:00 PM - 3:15 PM

Speakers from a variety of backgrounds offer perspectives on emerging healthcare delivery mechanisms, including narrow networks, centers of excellence, and Accountable Care Organizations (ACOs), to name a few. The mechanisms represent the current generation of tactics to deliver improved value in healthcare. Speakers provide details on these approaches and opine on their potential to improve outcomes.

Session Category
Health & Welfare
Credits
CPD1.50
Session Handout

206 - Splitting the Baby in Two: Benefit Challenges in Global Divestiture October 26, 2015 2:00 PM - 3:15 PM

Domestic divestitures are difficult, but what happens when you expand globally to numerous markets at the same time can be extremely challenging. Speakers present a case study of their experiences in this interesting journey.

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

207 - Law and Order: Public Plans Division October 26, 2015 2:00 PM - 3:15 PM

Actuaries who are members of one of the five U.S. based actuarial organizations are subject to the Code of Professional Conduct governing ethics as well as the Actuarial Standards of Practice (ASOP) governing quality of work. The focus of this session is to discuss the implications to public plan actuaries of the following Code of Conduct requirement and the following proposed ASOPs:

  • The Precept 1 requirement of the Code of Conduct “to act in a manner to fulfill the profession’s responsibility to the public;”
  • Proposed Actuarial Standard of Practice on Assessment and Disclosure of Risk Associated with Measuring Pension Obligations and Determining Pension Plan Contributions;
  • Proposed Actuarial Standard of Practice on Modeling; and
  • Request for comments concerning the application of the Actuarial Standards of Practice in regards to actuarial valuations and other analyses used for determining public pension and other postemployment plan funding and accounting (public plan actuarial valuations).

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

208 - Big Data - What it is and How it’s Being Used October 26, 2015 2:00 PM - 3:15 PM

We all know that big data is one of the signature opportunities of the day but… what is it, and what are those opportunities? Speakers at this session begin by offering a variety of definitions and examples of big data in action. Next, speakers sketch both the technologies and analytical methodologies that enable big data to be converted from a raw material to a strategic asset. Speakers then examine the intersection of big data and the actuarial skill set by exploring current issues of big data in insurance, risk management and general corporate management initiatives.

Session Category
Cross Discipline
Credits
CPD1.50

301 - ERISA Jeopardy XIX: Actuaryhood October 26, 2015 3:45 PM - 5:00 PM

Come and enjoy the latest version of this popular session. Contestants strive to be the 2015 Champion of Knowledge of the details in the law and guidance of ERISA.

Session Category
Retirement
Credits
EA Core1.50
CPD1.50
Session Handout

302 - Discussion with the PBGC October 26, 2015 3:45 PM - 5:00 PM

At this session, PBGC representatives and practitioners actively discuss recent regulations, guidance, and court cases. Bring your questions to stimulate the discussion.

Session Category
Retirement
Credits
EA Core1.50
CPD1.50
Session Handout

303 - Fiduciary Responsibility - Dealing With the Threes: 3 (16), 3 (21), 3 (38) October 26, 2015 3:45 PM - 5:00 PM

Benefit plan sponsors are increasingly overwhelmed with concerns regarding who is a fiduciary, what their specific responsibilities are and how to assess whether these responsibilities are being prudently discharged. Since most of the 3s apply to defined benefit, defined contribution and health and welfare plans, if you advise benefit plan sponsors on fiduciary issues this session is for you!

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

304 - The State of Consumer-Driven and High-Deductible Health Plans October 26, 2015 3:45 PM - 5:00 PM

It has been over 10 years since the passage of Health Savings Account (HSA) legislation, and 15 years since the first Consumer-Driven Health Plan (CDHP) designs were offered. Are High Deductible Health Plans (HDHP) and CDHP designs achieving their goals of increasing financial engagement and reducing cost? What does the latest data suggest? Hear from industry experts, health plan and employer representatives as they share the most recent experience with these plans.

Session Category
Health & Welfare
Credits
CPD1.50
Session Handout

305 - Is Wellness Working? October 26, 2015 3:45 PM - 5:00 PM

The efficacy of wellness programs is devilishly difficult to measure. Do they work? How do you know? If ROI is difficult or impossible to calculate, how else can you measure success (or failure)? A panel featuring consultants and employers discusses the issue.

Session Category
Health & Welfare
Credits
CPD1.50
Session Handout

306 - Global DB/DC Retirement Governance October 26, 2015 3:45 PM - 5:00 PM

How do you pay for this thing? Who has what responsibilities? Throughout the world, different rules exist for how to fund a pension plan and the responsibilities of each stakeholder. Speakers compare and contrast governance structure and funding strategies globally.

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

307 - Selection of Demographic Assumptions for Public Retirement Systems October 26, 2015 3:45 PM - 5:00 PM

The selection of demographic assumptions, particularly mortality assumptions for retirement systems in both the private and public sectors has attracted much commentary and controversy in the recent past. In this session, actuaries who serve public retirement systems review considerations in the selection of such assumptions that are of particular importance for public plans. They are joined by an actuary from an audit firm who provides insights into the standards they apply in helping the audit team reviewing such assumptions.

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

308 - Talking in Pictures: Effective Strategies for Communicating in the 21st Century October 26, 2015 3:45 PM - 5:00 PM

Are you communicating complex topics with a number of points, or presenting information with mountains of data? In today’s world of information overload, having your audience understand your points quickly and easily is critical to effective communication. In this session, presenters share modern communication methods, often using pictures to tell a story. Participants leave with new ideas on how to share their story with clients.

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

401 - Pension De-Risking: New Frontiers October 27, 2015 8:00 AM - 9:40 AM

The speakers cover new trends and emerging ideas in pension de-risking strategies. The presenters analyze various insurance, investment, and administrative solutions currently available in the marketplace. Each solution is evaluated based on the financial/risk management implications, the participant perspective, the regulatory constraints, and the resources/time required to successfully implement. The speakers also discuss case studies that highlight how the various solutions can be applied to different plan sponsor profiles.

Session Category
Retirement
Credits
EA Core1.00
EA Non-Core1.00
CPD2.00
Session Handout

402 - Mergers and Acquisitions: Industry Differences, Different Perspectives October 27, 2015 8:00 AM - 9:40 AM

Not all mergers, acquisitions, or divestitures are alike. Industry and structure of the deal play a pivotal role in what issues are important and the level of sensitivity to different factors. A diverse panel - consisting of a consulting actuary, an in-house corporate actuary, an attorney, and an M&A advisor - address these issues from their unique perspectives and roles they play as part of an M&A deal, with a focus on retirement benefits.

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

403 - Benefit Calculation Challenges October 27, 2015 8:00 AM - 9:40 AM

How do you deal with different annuity starting dates, Qualified Domestic Relations Orders and participant elections, re-hired retirees? How do you adjust for benefits already paid, adjusting Internal Revenue Code 415 limits for prior distributions, working beyond Normal Retirement Date and adjusting benefits, adjusting benefits for Required Minimum Distributions, Internal Revenue Code 436 restrictions, Internal Revenue Code 415 limitations, and top 25 restrictions?

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

404 - Can You Have an Affordable Rx Plan and Include Specialty Drugs? October 27, 2015 8:00 AM - 9:40 AM

At the session, learn about the distinct views on including specialty drugs in an Rx plan. Attendees hear the perspectives from an employer, a Pharmacy Benefits Manager (PBM), and a drug manufacturer on including specialty drugs in an employer-sponsored prescription drug plan. An employer discusses their views, including specialty drugs in their Rx plan, and the methods they use to control these costs. The PBM discusses methodologies utilized to manage specialty drug utilization and expenses. A drug manufacturer touches on impacts to product pricing and the value of specialty drugs in controlling overall medical costs and providing a better quality of life.

Session Category
Health & Welfare
Credits
CPD2.00
Session Handout

405 - The Excise Tax October 27, 2015 8:00 AM - 9:40 AM

The Excise Tax represents one of the final provisions of the Affordable Care Act to take effect. Scheduled to hit in 2018, employers are struggling to understand and prepare for its impact. Panelists offer both consultant and employer perspectives on this topic, addressing both known and unknown details of its implementation and its potential impact on plans and plan participants.

Session Category
Health & Welfare
Credits
CPD2.00
Session Handout

406 - Global Approaches to Retirement Readiness October 27, 2015 8:00 AM - 9:40 AM

Being ready for retirement means different things in different countries as financial products, Social Security systems and cultural influences all play an important role and vary significantly. Speakers focus on several representative countries and discuss retirement readiness and provide examples of innovative financially sound strategies and retirement products to fit local cultures.

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

407 - GASB Grab Bag October 27, 2015 8:00 AM - 9:40 AM

Come join us in yet another thought-provoking GASB discussion. Our panelists include a public plan internal actuary, a public sector consulting actuary, and an audit specialist/CPA serving on the AICPA’s State and Local Government Expert Panel. Our discussion focuses on effective approaches to employer communications, regarding public life under the new dual regime, various methods of employer allocations, and concerns experienced through the initial attempt at navigating the census data labyrinth.

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

408 - Effective Total Rewards for the 21st Century Workforce October 27, 2015 8:00 AM - 9:40 AM

An effective total rewards strategy needs to balance:

  • Cost;
  • Employee value;
  • Differing needs of multi-generational workforce;
  • Differentiating performance; and
  • Alignment of corporate strategy and maximizing shareholder value.

How do best in class (or high performing) organizations design, implement, and manage these total reward programs?

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

501 - The Insider's View on DC Plan Vendors and the Future of Retirement October 27, 2015 10:10 AM - 11:50 AM

Presenters at this session provide an overview of the DC vendor marketplace, including:

  • Which DC vendors are active, which have left the business and which have merged?
  • What is the relative size and operating structure of each, and what are the target markets on which they focus?
  • What are the typical services DC vendors provide (for example, which DC vendors are providing DB actuarial & DB administration, annuity buyouts, etc.)?
  • What are the typical protocols and practices by DC vendors regarding selling individual products and services to plan participants?
  • How, as retirement program consultants and actuaries, can we work most effectively with DC vendors to bring the best results and value to our clients?

In addition, some of our nation’s top DC recordkeepers address the services they provide to plan sponsors and their participants, and discuss new innovations occurring in DC plans, what drives DC vendor pricing, new ways of communicating and educating participants, mobile applications, financial wellness and retirement planning tools, and other technology developments that are on the horizon.

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

502 - Lump Sum Window October 27, 2015 10:10 AM - 11:50 AM

A lump sum window can reduce long-term administrative costs, offer participants new flexibility, and help de-risk the plan. Finance needs to be informed because settlements can impact the bottom line. Panelists at this session discuss the considerations in the design, communication and implementation of a lump sum window.

Session Category
Retirement
Credits
EA Core1.00
EA Non-Core1.00
CPD2.00
Session Handout

503 - Not-for-Profit Retirement Plans October 27, 2015 10:10 AM - 11:50 AM

As a retirement consultant, what are the special considerations you need to bring to the table for not-for-profit clients when discussing Defined Benefit Plans, Defined Contribution Plans or Executive Retirement Plans? How does industry impact the approach to providing retirement benefits with a focus on healthcare and private universities?

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

504 - Pharmacy from a Manufacturer’s Perspective October 27, 2015 10:10 AM - 11:50 AM

In this session, attendees hear directly from representatives of the Health Economics and Outcomes Research (HEOR) area and from one or more pharmaceutical manufacturers. The panelists describe their research and models supporting the budgetary impact of new medications. This provides actuaries with a better understanding of how manufacturers think about and model the impact of new drugs coming to market.

Session Category
Health & Welfare
Credits
CPD2.00

505 - Healthcare Jeopardy October 27, 2015 10:10 AM - 11:50 AM

Back by popular demand for a third season, the critically acclaimed Healthcare Jeopardy! Come prepared to participate in one of three Jeopardy rounds. Pick a category that fits your specialty, or try something new to stretch your healthcare and actuarial knowledge. Winners will receive “valuable non-cash prizes.”

Session Category
Health & Welfare
Credits
CPD2.00
Session Handout

506 - Retirement in Emerging Market Economies October 27, 2015 10:10 AM - 11:50 AM

What we take for granted in designing retirement systems in large mature countries—such as robust Social Security systems, diverse and open investment markets and high degrees of trust in future promises—just does not exist in some emerging market economies. Speakers with experience in this area, including one who works in the investment area of an insurer in an emerging market economy, discuss these challenges from a variety of perspectives and suggest paths to overcome the hurdles.

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

507 - Risk Sharing Plan Designs for Public Plans October 27, 2015 10:10 AM - 11:50 AM

A number of public retirement systems have implemented new plan designs that transfer significant amounts of financial risk from employers and sponsors to participants. Panelists provide an overview of approaches taken, the assessment of the potential magnitude of risk transfer that may be obtained under these approaches, and some case studies from those involved in the development and implementation of these designs.

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

508 - Aging: What are the Alternatives? October 27, 2015 10:10 AM - 11:50 AM

Currently, as many as one in four retirees may be expected to need Long Term Services and Supports at some point in their lifetime. The expenses for long-term care services can be devastating to retirees and often impact family caregivers as well, yet few individuals are prepared for the financial implications of this risk.

Presenters discuss the implications of this challenge on both a micro (individual) and macro (society/economy) level, currently available solutions and opportunities for actuaries (of all practice areas) to develop additional solutions.

Session Category
Cross Discipline
Credits
CPD2.00
Session Handout

003 - ASOPs Update for Consulting Actuaries October 27, 2015 1:00 PM - 3:05 PM

Representatives from the Actuarial Standards Board address recent revisions to Actuarial Standards of Practice (ASOPs) in the health and pension practices. Panelists also provide an explanation of modeling ASOPs and how they apply to the consulting actuary.

Session Category
Cross Discipline
Credits
EA Core2.50
CPD2.50
Session Handout

601 - Understanding Pension Risks Through Scenario Testing October 28, 2015 8:00 AM - 9:15 AM

Panelists discuss current methods, strategies, and best practices for scenario testing defined benefit plan assets and liabilities. The implications of a spectrum of de-risking strategies for a DB plan, including investment strategies such as Dynamic Asset Allocation (DAA) and Liability Driven Investment (LDI) as well as risk-transfer strategies such as lump sum windows and partial annuity purchases is reviewed using scenario testing results. Through the case studies, the speakers illustrate how to use deterministic approaches to communicate stochastic concepts of volatility and risk/reward trade-off. Join us to see how you can help your clients explore de-risking their plan through deterministic forecasts.

Session Category
Retirement
Credits
EA Non-Core1.50
CPD1.50
Session Handout

602 - Cash Balance/401(k) Plan Combinations for Professional Service Organizations October 28, 2015 8:00 AM - 9:15 AM

Cash balance 401(k) combinations are increasingly the qualified retirement plan design of choice by professional service organizations. In this session, panelists discuss the rationale for the adoption of these plans, nondiscrimination design issues, and potential ongoing administration issues. Don’t miss this opportunity to stay informed about the latest trends in small plan retirement designs for the professional service sector.

Session Category
Retirement
Credits
EA Core1.00
EA Non-Core0.50
CPD1.50
Session Handout

603 - Working with the PBGC: Current Issues October 28, 2015 8:00 AM - 9:15 AM

Learn about strategies to follow and pitfalls to avoid when dealing with a wide variety of PBGC issues related to defined benefit plans. Topics covered include reportable events, corporate transactions (bankruptcy, 4062(e), dividend recaps), and more.

Session Category
Retirement
Credits
EA Core1.50
CPD1.50
Session Handout

604 - The Doctor Can’t See You Now: Alternative Care Settings October 28, 2015 8:00 AM - 9:15 AM

Speakers explore the various alternative health care settings (e.g., clinic, urgent care, telemedicine) which are beginning to supplant traditional doctor’s office and hospital settings; and the various types of professionals such as nurse practitioners who are moving into areas previously dominated by doctors.

The speakers also cover some of the history of alternative care, growth to date, and future outlook, demonstrating how alternative settings have significant potential for improved quality and reduced cost of care.

Session Category
Health & Welfare
Credits
CPD1.50
Session Handout

605 - Where Did You Get That Healthcare Trend? October 28, 2015 8:00 AM - 9:15 AM

Two key sources of recent healthcare cost trend rates are S&P and Health Care Cost Institute (HCCI). Speakers at this session focus on their respective data and how the data can be used in your day to day work.

Session Category
Health & Welfare
Credits
CPD1.50
Session Handout

606 - Recent Developments in Canada October 28, 2015 8:00 AM - 9:15 AM

Not all group annuity markets are alike nor pension plans the same. There are sufficient differences in Canada’s unique group annuity market to the rest of the world. Also, the Ontario government has announced their intention to create a new public pension plan. Speakers address the various aspects of these unique opportunities.

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

607 - Current Events in Funding Policy October 28, 2015 8:00 AM - 9:15 AM

In October 2014, the CCA’s Public Plans Community issued a White Paper regarding Actuarial Funding Policies and Practices for Public Pension Plans. Speakers at this session provide an overview of the paper and discuss how it is being used in practice. In addition, a discussion of alternative methodologies for setting actuarially determined contribution rates for public sector pension plans, including a lively debate regarding the use of asset smoothing vs. direct rate smoothing is planned.

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

608 - What Have We Learned About Longevity: The Walking Dead? October 28, 2015 8:00 AM - 9:15 AM

How does longevity differ by groups – be it large employer, industry, or other segment of a broad population? Jim Berberian discusses some of the challenges in developing a group–specific mortality table. Elena Black discusses some of the challenges in analyzing mortality improvement rates and longevity projections. Bill Roberts discusses the different data sources available for emerging longevity improvements and the challenges in smoothing data that is volatile, especially relative to its magnitude.

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

701 - An Overview of New IRS Section 430 Regulations October 28, 2015 9:30 AM - 10:45 AM

They say good things come to those who wait. For those waiting for the 2008 proposed Section 430 regulations to be finalized, the wait is over! On September 9, 2015, final Treasury regulations providing guidance on the determination of minimum required contributions under IRC Section 430 were published. Join us for an overview of what is - and is not - covered in these regulations. Our panel also delves more deeply into the key provisions of Section 430 addressed in the regulations, including:

  • Standing elections to use funding balances to satisfying quarterly contribution requirements;
  • Contribution allocation and ordering rules;
  • Some rules for end-of-year valuations for small plans;
  • Short plans years (including treatment of terminating plans);
  • Liquidity shortfall requirements and their impact on the minimum required contribution; and
  • Excise taxes for unpaid minimum required contributions.

Other provisions and unanswered questions are addressed during the presentation.

Session Category
Retirement
Credits
EA Core1.50
CPD1.50
Session Handout

702 - Employer Participation in Multiemployer Plans: A 360° Perspective October 28, 2015 9:30 AM - 10:45 AM

Contributing employers are more aware of and concerned about their exposure to withdrawal liability under multiemployer DB funds. This is true not only as collective bargaining becomes more contentious and funds encounter more challenges in a changing labor environment amidst more volatile investment markets, but also as management considers acquisitions and divestitures while private-equity managers become involved in industries where organized labor has traditionally been strong. Panelists consist of a fund actuary to discuss these issues with a contributing employer and his consulting actuary. The speakers intend to cover the setting of reasonable actuarial assumptions and methods for assessing and setting withdrawal liability.

Session Category
Retirement
Credits
EA Core1.50
CPD1.50
Session Handout

703 - Reviewing Results of Another Actuary October 28, 2015 9:30 AM - 10:45 AM

Who might eventually be looking at your actuarial results? Speakers discuss how and what they review when they are brought in to assess pension actuarial reports and output. How can you put this information to work to help you in drafting your reports, letters and communications?

Session Category
Retirement
Credits
EA Non-Core1.50
CPD1.50
Session Handout

704 - How Do We Measure Up? October 28, 2015 9:30 AM - 10:45 AM

Healthcare lends itself to a lot of different types of numbers, trends and analysis. What are different groups doing with the results? Speakers from retail drug stores, data aggregators and employers discuss how they use the output.

Session Category
Health & Welfare
Credits
CPD1.50
Session Handout

705 - Risk Score Basics and Mechanics October 28, 2015 9:30 AM - 10:45 AM

What are risk scores and how are they used? What is the difference in risk score models and how do risk scores impact revenue? What are some ways of the ways to improve risk scores? How do risk scores relate to claims and various eligibility/populations? How are risk scores calculated and used in ACA vs. Medicaid vs. Medicare? How do you project risk scores?

Session Category
Health & Welfare
Credits
CPD1.50
Session Handout

706 - Longevity Around the World October 28, 2015 9:30 AM - 10:45 AM

Longevity differs greatly around the world and financial products to address longevity needs vary significantly as well. Speakers address how mortality differs among economies, the implications on retirement and Social Security systems, and the development of financial products to meet varying longevity needs.

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

707 - Public Plans Open Forum October 28, 2015 9:30 AM - 10:45 AM

Join your public pension plan colleagues in an open discussion of current issues facing public pension plans today. No topic is off-limits – actuarial assumptions, media coverage, risk sharing, GASB, ASOPs, rating agencies, long-term sustainability, state constitutional guarantees, municipal bankruptcy, funding policy, asset valuation methods, financial economics, and more.

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

708 - Interest Rates Deconstructed October 28, 2015 9:30 AM - 10:45 AM

How do CFOs and Treasurers think about interest rates? How do you break down Treasury rates and corporate bond rates into components? Why are interest rates where are they now, and where are they headed? Attend this session and up your game in future discussions of interest rates for pension and healthcare plans.

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

004 - Ethics in Action October 28, 2015 11:00 AM - 12:30 PM

What are ethics, and how do we display them in our day-to-day professional conduct? Audience members are asked to analyze, discuss and debate their views through a series of real-world, potentially unreasonable (and even outrageous) situations that lead to various perspectives with a wide range of possible actions and outcomes.

Session Category
Cross Discipline
Credits
EA Ethics1.50
CPD1.50

  • 1 Maria M. Sarli Willis Towers Watson
  • 2 Bruce Cadenhead Mercer
  • 3 Harold J. Ashner Keightley & Ashner, LLP
  • 1 John T. Stokesbury Deloitte Consulting LLP
  • 2 Larry H. Rubin PricewaterhouseCoopers LLP
  • 3 Vincent Bodnar Genworth Financial
  • 4 Andrew J. Peterson Society of Actuaries
  • 1 Sean Snaith University of Central Florida
  • 1 Ellen L. Kleinstuber Bolton Partners, Inc.
  • 2 Maria M. Sarli Willis Towers Watson
  • 3 Tonya B. Manning Buck
  • 1 Felix A. Okwaning Prudential Financial
  • 2 Thomas D. Levy Segal Consulting
  • 3 Mita Drazilov Gabriel Roeder Smith & Company
  • 4 Christopher F. Noble, Ph.D Willis Towers Watson
  • 5 Robert Damler Milliman Inc.
  • 1 Martin A. Einhorn Martin Einhorn & Associates, LLC
  • 2 Ellen L. Kleinstuber Bolton Partners, Inc.
  • 3 James E. Turpin The Turpin Consulting Group, Inc.
  • 4 Daniel P. Lucas Newport Group
    (Session Assistant)
  • 1 Thomas S. Terry The Terry Group
  • 2 Scot Marcotte Buck
  • 1 Thomas S. Tomczyk Buck
  • 2 Surya Singh CVS Health
  • 3 Brenda Barlek Alcoa
  • 1 Richard O Goehring Richard O. Goehring, Inc.
  • 2 Kevin Joseph Donovan Pinnacle Plan Design, LLC
  • 3 Jonathan E. Joss Fidelity Investments
  • 4 Brian H. Kane Kane Pension
    (Session Assistant)
  • 1 Thomas A. Swain Findley
  • 2 Royce S. Kosoff Willis Towers Watson
  • 3 Joe Iannotti Rayonier Inc.
  • 1 Daniel R. Wade Milliman Inc.
  • 2 Paul Angelo Segal Consulting
  • 3 Graham Alan Schmidt Cheiron, Inc.
  • 1 Trevis G. Parson Willis Towers Watson
  • 2 Jane H. Jensen Willis Towers Watson
  • 3 Allison Robbins Imagine Health
  • 4 Derek Tyson Ray Willis Towers Watson
    (Session Assistant)
  • 1 Stephen N. Eisenstein KPMG
  • 2 Amy C. Viener Pension Benefit Guaranty Corp.
  • 3 Kristina Archeval Pension Benefit Guaranty Corp.
  • 1 Paul M. Sepe Willis Towers Watson
  • 2 Anna C. Budnik Willis Towers Watson
  • 3 Carmen S. Johnson JM Family Enterprises
  • 4 Susan M. Fleming
  • 1 David Scharf Buck
  • 2 Jay K. Egelberg First Actuarial Consulting, Inc.
  • 3 Russell W. Niswander Nestle USA Inc
  • 4 Robert D. Fick Buck
  • 1 Donald J. Segal
  • 2 Michael Allen Holderman Willis Towers Watson
  • 01 Tonya B. Manning Buck
  • 02 Patricia A. Rotello Willis Towers Watson
  • 03 Carol R. Sears
  • 04 Margaret S. Berger Mercer
  • 05 Paul Angelo Segal Consulting
  • 06 D. Vincent Cassano Burke Group
  • 07 Justin N. Hornburg American Benefits Consulting
  • 08 Marina Sanchez Willis Towers Watson
  • 09 Kevin Connolly Deloitte Consulting LLP
  • 10 S. Kai Petersen AndCo Consulting, LLC
  • 11 Christopher Roy Snell Colgate-Palmolive
  • 12 Cheryl A. Ham Aon
  • 1 Douglas J. Carey
  • 2 Brad Howard Home
  • 3 Chantal Bray MassMutual
  • 4 Vinaya Sharma Quantitative Risk Management
    (Session Assistant)
  • 1 Justin N. Hornburg American Benefits Consulting
  • 2 David A. Osterndorf Health Exchange Resources
  • 3 Kyle Fabrizio American Benefits Consulting
  • 4 Michael I. Helmer Segal Consulting
    (Session Assistant)
  • 1 Kathleen P. Lamb
  • 2 William Belanger Willis Towers Watson
  • 3 Laura Rosenberg Fiduciary Counselors Inc.
  • 4 Michael S. Clark River and Mercantile
    (Session Assistant)
  • 1 Robert J. Reiskytl Aon
  • 2 Robert K. Beideman Southern Company
  • 3 Lori Block Buck
  • 4 Jeff Crowell Merrill Lynch
  • 5 Mark Edward Smrecek Willis Towers Watson
  • 6 Jason Podvin Eastman Chemical
  • 7 Andrew Marcus Fidelity Investments
    (Session Assistant)
  • 1 Koren L. Holden Colorado PERA
  • 2 Jeff Markert KPMG LLP
  • 3 Brad Edward Ramirez Segal Consulting
  • 4 R. Luke Masselink Office of the State Actuary
  • 1 Douglas J. Carey
  • 2 Wilfredo J. Gaitan
  • 3 Stephen Barry ING Employee Benefits
  • 4 Hardev S. Sandhu Sustainable Investment Group
  • 5 Albert R. Phelps Arthur J. Gallagher & Co.
    (Session Assistant)
  • 1 Mitsuyasu Nishiwaki Willis Towers Watson
  • 2 Brian D. Makuck Willis Towers Watson
  • 3 Jason Michael Gratson Deloitte Consulting LLP
  • 4 John Ashton Johnson & Johnson
  • 1 Stuart H. Alden Aon
  • 2 Alan J. Silver Willis Towers Watson
  • 3 Patrick Curran Evolent Health
  • 1 Dale H. Yamamoto Red Quill Consulting
  • 2 Gerry Smedinghoff KPMG
  • 3 Ryan Wilson Health South
  • 4 Jack E. Bruner Change Healthcare
  • 5 Jennifer B. Milstein Lockton
    (Session Assistant)
  • 1 Tamara R. Shelton Willis Towers Watson
  • 2 Gordon C. Enderle Willis Towers Watson
  • 3 Andrew Patterson The Vanguard Group
  • 4 Brett Brooks Dutton Vanguard
  • 5 Christy Trang Willis Towers Watson
    (Session Assistant)
  • 1 Deb Gold Quantum Health, Inc.
  • 2 Brenda Barlek Alcoa
  • 3 Ryan Lore Willis Towers Watson
  • 4 Jason Whitehair LHP Hospital Group
  • 5 Michael J. Muir Quantum Health, Inc.
    (Session Assistant)
  • 1 Stephen N. Eisenstein KPMG
  • 2 Ellen L. Kleinstuber Bolton Partners, Inc.
  • 3 Tonya B. Manning Buck
  • 4 Michael F. Pollack Willis Towers Watson
  • 5 Carolyn E. Zimmerman Internal Revenue Service
  • 1 Paul W. Nawrot Fidelity Investments
  • 2 Pete J. Neuwirth CapAcuity
  • 3 David Scharf Buck
  • 4 Roger Davis Fidelity Investments
  • 1 Lance J. Weiss Gabriel Roeder Smith & Company
  • 2 David T. Kausch Gabriel Roeder Smith & Company
  • 3 Maria M. Sarli Willis Towers Watson
  • 4 Margaret S. Berger Mercer
  • 1 Paul Angelo Segal Consulting
  • 2 David N. Levine Groom Law Group, Chartered
  • 3 Caleb Durling Fox Rothschild LLP
  • 4 Deborah K. Brigham Segal Consulting
    (Session Assistant)
  • 1 Emrys Neil Trusler MetLife
  • 2 LeRoy House Willis Towers Watson
  • 3 Margaret G. McDonald Prudential Financial
  • 1 Joseph P. Strazemski Buck
  • 2 Donna Westervelt Buck
  • 3 Lorraine T. Halpin Prudential
  • 4 James D. Burke CBIZ Retirement Plans Services
  • 5 Matthew Wayne McDaniel Mercer
  • 6 Philip Maurice Parker Conduent
    (Session Assistant)
  • 1 David M. Tuomala Optum
  • 2 Paul Douglas Erickson Optum
  • 3 David Anthony Neiman Wakely Consulting Group
  • 1 David Scharf Buck
  • 2 Christine M. Kong Drinker Biddle & Reath LLP
  • 3 James A. Stewart Buck
  • 4 Kenneth E. Levine United Technologies Corporation
  • 5 Raphael E. Newman Duff & Phelps LLC
  • 6 Ruth E. Schau TIAA
    (Session Assistant)
  • 1 Dewey A. Dennis First Actuarial Consulting, Inc.
  • 2 Mary Ann Dunleavy Horizon Actuarial Services, LLC
  • 3 Melissa Conklin Kolle The Cultural Institutions Retirement System
  • 1 Eli Greenblum Segal Consulting
  • 2 Michael John Noble Cheiron, Inc.
  • 3 Leon F. Joyner Segal Consulting
  • 1 Michael T. Horton Willis Towers Watson
  • 2 David H. Cohn SullivanCotter
  • 3 Erik Barca Willis Towers Watson
  • 4 Ross Mark Krinsky Fidelity Investments
  • 5 Michael S. Clark River and Mercantile
    (Session Assistant)
  • 1 Michael S. Clark River and Mercantile
  • 2 Russell S. Proctor Pacific Life Insurance Co.
  • 3 Ryan McGlothlin P-Solve
  • 4 Richard Michael McEvoy Mercer
  • 5 Steven Robert Pribis SR Retirement Consulting, LLC
    (Session Assistant)
  • 1 Gregory L. Warren Optum
  • 2 Pamela Bradt Astellas Pharma US
  • 3 Matt Nieszel Optum
  • 1 William B. Fornia Pension Trustee Advisors
  • 2 Leon F. Joyner Segal Consulting
  • 1 James L. Jones
  • 2 Kevin P. Tighe Willis Towers Watson
  • 3 Gordon B. Lang Gordon B. Lang & Associates Inc.
    (Session Assistant)
  • 1 Wilfredo J. Gaitan
  • 2 Douglas J. Carey
  • 3 Vaibhavi V. Patel Aon
  • 4 Dilara Asadova PASHA Life Insurance
  • 1 Nick Haralambos Meggos Nyhart
  • 2 Grace Katherine Lattyak Aon
  • 3 Matthew P. Avery Fidelity Investments
  • 4 Charles D. Cahill P-Solve
  • 1 Michael Altilio Willis Towers Watson
  • 2 Seth D. Chosak Willis Towers Watson
  • 3 Gary H. Rothy PricewaterhouseCoopers LLP
  • 4 Joseph M. Kim Pension Benefit Guaranty Corporation
    (Session Assistant)
  • 1 Christine S. Bach United HealthCare
  • 2 Kelsey Leigh Stevens Wakely Consulting Group
  • 3 Joel Menges The Menges Group
  • 4 Ken Ehresmann Wakely Consulting Group
  • 5 Karen A. Shelton UnitedHealth Group
    (Session Assistant)
  • 1 David L. Driscoll Buck Global, LLC
  • 2 Patrice A. Beckham Cavanaugh Macdonald Consulting LLC
  • 3 Phyllis Chambers Nebraska Public Employees Retirement Systems
  • 4 Dana Lynn Woolfrey Gabriel Roeder Smith & Company
  • 5 William B. Fornia Pension Trustee Advisors
    (Session Assistant)
  • 1 Michael J. de Leon Deloitte Consulting LLP
  • 2 Aaron Shapiro Buck
  • 3 Piotr Krekora Gabriel Roeder Smith & Company
  • 1 James L. Jones
  • 2 Martin Rondeau AIG
  • 3 Robert G. Holdom NewYork-Presbyterian
  • 1 Christine S. Bach United HealthCare
  • 2 Eric Halladay Gary
  • 3 David M. Tuomala Optum
  • 1 Brian M. Septon The Terry Group
  • 2 Douglass R. Stewart Vanguard Institutional Advisory Sevices
  • 3 Jake Burkett Column Five Media
  • 4 Melissa Kemmer Verguldi Lockheed Martin Corporation
    (Session Assistant)
  • 1 Stuart H. Alden Aon
  • 2 Mary Modahl American Well
  • 3 Chris Wilson Caremark
  • 1 Trevis G. Parson Willis Towers Watson
  • 2 Barry Carleton Willis Towers Watson
  • 3 Audrey Im Lincoln Financial Group
  • 4 Piotr Krekora Gabriel Roeder Smith & Company
    (Session Assistant)
  • 1 Marina L. Edwards Willis Towers Watson
  • 2 Nancy Helt Fidelity Investments
  • 3 David Musto Empower Retirement
  • 4 Matt McCarthy Vanguard, Investment Strategy Group
  • 1 Derek N. Guyton Mercer
  • 2 Denny Darrow Indiana State Personnel Dept.
  • 3 John Young CIGNA
  • 1 Barry L. Freiman Principal Financial Group
  • 2 Nathan Christopher Zahm Vanguard, Investment Strategy Group
  • 3 Michael E. Clark Principal Financial Group
  • 4 Jodan H. Ledford JPMorgan Chase Bank, NA
  • 1 John T. Stokesbury Deloitte Consulting LLP
  • 2 James G. Berberian Buck
  • 3 Elena V. Black The Terry Group
  • 4 William E. Roberts Willis Towers Watson
  • 1 Dale H. Yamamoto Red Quill Consulting
  • 2 Michael Taggart
  • 3 Steven D. Draper Ernst & Young, LLP
    (Session Assistant)
  • 1 Michael S. Clark River and Mercantile
  • 2 Joseph House PCA Partners
  • 3 Frank Scot McCulloch PCA Partners