2011 Enrolled Actuaries Meeting

Sessions:

Session Handout

001 - Case Studies in Professionalism & ASOPs March 28, 2011 9:00 AM - 10:30 AM

In this interactive session, panelists present three real-life case studies involving the ASOPs and professionalism issues. Attendees are invited to propose solutions, while the panelists present their views on how to analyze and resolve conflicting concerns presented by the case studies.

Session Category
General Sessions
Credits
EA Core0.80
EA Ethics1.00
CPD1.80
Session Handout

101 - Pension Relief Act (PRA) for Single ER Plans March 28, 2011 11:00 AM - 12:30 PM

The speakers at this session cover the Pension Relief Act of 2010 and any Technical Corrections and guidance. The relief amortization calculations and an overview of the Installment Acceleration Amount rules are also addressed. Also covered are the look back rules for credit balance usage for charitable plans, extension of accrual freeze relief, and Social Security level income relief. NOTE: Details of the installment acceleration rules are covered in Session 601, and the delay of PPA rules for charitable plans is covered in Session 307. (Repeated at Session 202)

Session Category
Employee Benefits - Funding and Schedule B Issues
Credits
EA Core1.80
CPD1.80
Session Handout

102 - Application of Section 436 Rules to UCEBs and Plan Amendments March 28, 2011 11:00 AM - 12:30 PM

Before unpredictable contingent event benefits are paid or plan amendments take effect, the plan actuary must test the effect of the UCEB or the plan amendment on the funded status of the plan. The speakers at this session describe the interplay of the various rules, including the relationship between amounts already included in the funding target for UCEBs and actual UCEB liabilities which arise and must be tested, and considerations under the section 436 regulations in testing whether the UCEB benefits can be paid or the plan amendment can take effect. Plan language that is needed to implement the restrictions is also discussed. (Linked to Session 402)

Session Category
Compliance Issues
Credits
EA Core1.80
CPD1.80
Session Handout

103 - What's Wrong with This… March 28, 2011 11:00 AM - 12:30 PM

Speakers at this practical, interactive session address the professionalism standards as they relate to actuarial reports, AFTAP certifications, and elections, along with many of the common pitfalls an actuary should avoid when issuing an actuarial communication.

Session Category
Compliance Issues
Credits
EA Core1.80
CPD1.80
Session Handout

104 - Advanced Nondiscrimination Topics March 28, 2011 11:00 AM - 12:30 PM

Complex coverage and nondiscrimination rules under 401(a)(4), 410(b) and 414(s) affect all our clients. Panelists address specific testing topics, including cross-testing, testing multiple plans, benefits, rights and features, and how to handle the special issues with respect to frozen (or closed) plans.

Session Category
Nondiscrimination Issues
Credits
EA Core1.80
CPD1.80
Session Handout

105 - Pension Relief Act for Multiemployer Plans March 28, 2011 11:00 AM - 12:30 PM

The speakers at this session cover the relief provisions of the Pension Relief Act of 2010 specific to multiemployer plans, based on available guidance. Panelists cover the specific provisions, along with the conditions required to utilize the relief.

Session Category
Beyond Corporate Retirement Plans
Credits
EA Core1.80
CPD1.80
Session Handout

106 - Voluntary Correction Programs (EPCRS) March 28, 2011 11:00 AM - 12:30 PM

These days, no one can get everything right all the time. What do you do when you discover a compliance problem? Experts in voluntary corrections discuss real-life case studies and explain the correction programs, including SCP, VCP and CAP.

Session Category
Compliance Issues
Credits
EA Core1.80
CPD1.80
Session Handout

107 - Overview of Assumption Setting March 28, 2011 11:00 AM - 12:30 PM

In this session, panelists discuss how actuaries select assumptions in light of the guidance available to them, including standards of practice, practice notes and FASB guidance. Speakers at this session focus on all manners of assumptions, such as interest rates, demographic assumptions, and assumptions regarding payments, whether entirely at the actuary's discretion or mandated by law or other authority.

Session Category
Employee Benefits - Funding and Schedule B Issues
Credits
EA Core1.80
CPD1.80
Session Handout

201 - Minimum Funding Basics for Single Employer Plans March 28, 2011 2:30 PM - 4:00 PM

Need a refresher on funding basics for single employer plans? This session is a basic, high-level overview of current funding requirements, including any new guidance released. Minimum funding requirements are covered, including quarterly required contributions and liquidity shortfall requirements. The basics of pension funding under funding relief is covered, but Session 101 -Pension Relief Act for Single Employer Plans provides a more in-depth discussion. Quarterly contribution requirements are also covered in more detail in Session 501- Managing Credit Balances and Quarterlies. (Repeated at Session 401.)

Session Category
Employee Benefits - Funding and Schedule B Issues
Credits
EA Core1.80
CPD1.80
Session Handout

202 - Pension Relief Act (PRA) for Single ER Plans March 28, 2011 2:30 PM - 4:00 PM

The speakers at this session cover the Pension Relief Act of 2010 and any technical corrections and guidance. The relief amortization calculations and an overview of the Installment Acceleration Amount rules are also addressed. Also covered are the look back rules for credit balance usage for charitable plans, extension of accrual freeze relief, and Social Security Level Income relief. NOTE: Details of the Installment Acceleration Rules are covered in Session 601, and the delay of PPA rules for charitable plans is covered in Session 307. (Repeat of Session 101.)

Session Category
Employee Benefits - Funding and Schedule B Issues
Credits
EA Core1.80
CPD1.80
Session Handout

203 - Late Breaking Developments March 28, 2011 2:30 PM - 4:00 PM

Panelists review new guidance provided over the last year, with special focus on important developments that occur shortly before the meeting. The speakers may address rulings, regulations, litigations, and other exciting news. (Note – the breakdown between core and non-core credit is determined based on the actual content of the session.)

Session Category
New Rulings/Development
Credits
EA Core0.90
EA Non-Core0.90
CPD1.80
Session Handout

204 - PBGC Potpourri for Small Plans March 28, 2011 2:30 PM - 4:00 PM

Hear from representatives of a variety of PBGC departments about issues that directly relate to small plans. Find out what do when your client is going out of business and needs to terminate their pension plan. Understand reportable event filing requirements for small plans, what happens when a small plan misses contributions, and distress terminations for small plans. Learn about common premium filing errors, MyPAA enhancements and more. Attendees are encouraged to come prepared to ask questions of subject matter experts.

Session Category
Small Plan Issues
Credits
EA Core1.80
CPD1.80
Session Handout

205 - Multiemployer PPA Zone Review March 28, 2011 2:30 PM - 4:00 PM

With more plans falling into either endangered or critical status, this session is a review of the thresholds for each of the statuses, the implications of being in a particular status and what it takes to emerge. The presenters at this session also review the types of corrective actions available to endangered and critical plans.

Session Category
Beyond Corporate Retirement Plans
Credits
EA Core1.80
CPD1.80
Session Handout

206 - Is Your Frozen Plan in Trouble? March 28, 2011 2:30 PM - 4:00 PM

Speakers at this session cover the many issues associated with frozen plans, including compliance, funding, nondiscrimination, and BRF issues.

Session Category
Compliance Issues
Credits
EA Core0.90
EA Non-Core0.90
CPD1.80
Session Handout

207 - ASB Standards for Pension Actuaries March 28, 2011 2:30 PM - 4:00 PM

A lot of time is spent worrying about limits placed on our professional judgment by outside bodies -- IRS, FASB, PBGC, etc. If you're looking for an overview of the ASB's Standards affecting pension actuaries issued by our profession, this session is for you! Any new standards or exposure drafts issued during the year are included.

Session Category
Professionalism and Policy
Credits
EA Core1.80
CPD1.80
Session Handout

301 - The Game of At-Risk – Conquering the Issues of Your At-Risk Plans March 28, 2011 4:30 PM - 5:45 PM

Speakers at this session cover the rules relating to at-risk status, calculation of at-risk liabilities, determination of at-risk contributions and other consequences of being at risk. Attention is also given to the restrictions on executive benefit funding.

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

302 - Participant Communications March 28, 2011 4:30 PM - 5:45 PM

Effective communications have always been an important element to managing a retirement program, but PPA has made proper communication essential. In recent years, some of these communication issues have become more prevalent for defined benefit plans. In this session, the speakers review the disclosure requirements and communication strategies relating to Section 436 benefit restrictions, relative value of optional forms, ERISA 204(h) and participant benefit statements. Come away with the knowledge to navigate these complex participant communications.

Session Category
Non-Technical Communications
Credits
EA Core1.50
CPD1.50
Session Handout

303 - Accounting Convergence March 28, 2011 4:30 PM - 5:45 PM

Convergence of accounting rules has been on the horizon for a number of years. The speakers in this session review the issues, give a status update, and predict where (and when) the rules are likely to shake out.

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

304 - Small Plan Workshop March 28, 2011 4:30 PM - 5:45 PM

Have you ever wished for the opportunity to discuss your problems with a group of peers? This workshop is an open forum on current problems and issues specific to sponsors of small plans. Topics may include PPA, PAA, IRC 401(a)(26), 410(b), 401(a)(4), 401(a)(17), 415 and 401(a)(9) and PBGC funding rules for small plans. (This session is not recorded.)

Session Category
Small Plan Issues
Credits
EA Core0.75
EA Non-Core0.75
CPD1.50
Session Handout

305 - Corporate In-house Actuaries March 28, 2011 4:30 PM - 5:45 PM

Are you an in-house actuary? This workshop is for actuaries who work on retirement and other plans sponsored by their employers. Attendees have the opportunity to discuss the special problems and issues they encounter. (This session is not recorded.)

Session Category
Professionalism and Policy
Credits
EA Non-Core1.50
CPD1.50
Session Handout

306 - Impact of Healthcare Reform March 28, 2011 4:30 PM - 5:45 PM

Healthcare reform made a variety of changes that affect retiree medical valuations directly and indirectly. Our panelists briefly review the changes, discuss approaches to measuring their impacts for the valuation and how to reflect the new rules under ASC 715-60. The panelists also discuss how reform may affect valuation assumptions in general.

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

307 - Eligible Charitable Plan March 28, 2011 4:30 PM - 5:45 PM

Are any of your clients 501(c)(3) organizations? Do you know if their DB plan is sponsored by more than one employer (not just if they are multiple-employer)? If they fall under the classification of eligible charity plans, they may be forced to revert to pre-PPA funding and benefit restriction rules. In this session, learn how this applies to your clients.

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

002 - Public Plan Funding - An Emerging Crisis March 29, 2011 8:45 AM - 10:30 AM

As taxpayers and as users of public services such as roads, rails, parks, and libraries, each of us is affected by the emerging funding problems of public pension plans. Many plans are poorly funded, facing increasing contribution levels, and threatening the budgets and the bond ratings of their sponsors. The press has been focusing on this emerging crisis, including the appropriate role of the actuarial profession and the effects of actuarial practices.

Come listen to representatives of plan sponsors and think-tank experts as they discuss the valuation and management of public pension plans for valuable insights into a problem that affects us all.

Session Category
General Sessions
Credits
EA Core0.90
EA Non-Core0.90
CPD1.80
Session Handout

401 - Minimum Funding Basics for Single Employer Plans March 29, 2011 11:00 AM - 12:30 PM

Need a refresher on funding basics for single employer plans? This session is a basic, high-level overview of current funding requirements, including any new guidance released. Minimum funding requirements are covered, including quarterly required contributions and liquidity shortfall requirements. The basics of pension funding under funding relief are reviewed, but Session 101 - Pension Relief Act for Single Employer Plans provides a more in-depth discussion. Quarterly contribution requirements are also covered in more detail in Session 501- Managing Credit Balances and Quarterlies. (Repeat of Session 201.)

Session Category
Employee Benefits - Funding and Schedule B Issues
Credits
EA Core1.80
CPD1.80
Session Handout

402 - Section 436 Lump Sum and Benefit Accrual March 29, 2011 11:00 AM - 12:30 PM

As funding levels drop, plan actuaries will need to become more conversant with the section 436 restrictions on the payment of lump sums and other restricted benefits, and on the continuation of benefit accruals. Presenters at this session describe the application of the rules, the choices that are available when restrictions apply, and the options a plan can provide when restrictions cease to apply. The speakers at this session also discuss plan language that may be needed to implement these restrictions.

Session Category
Compliance Issues
Credits
EA Core1.80
CPD1.80
Session Handout

403 - Discussion of Gray Book & Blue Book Questions and Answers March 29, 2011 11:00 AM - 12:30 PM

Experienced practitioners involved in the process lead a review of government responses to the Gray Book questions. They comment on responses of particular interest and facilitate a dialogue on practical implications of the responses and alternative approaches where complete answers are not provided.

Session Category
Compliance Issues
Credits
EA Core1.80
CPD1.80
Session Handout

404 - Qualification Standards and Joint Board Regulations March 29, 2011 11:00 AM - 12:30 PM

Attend this session for an update on the Qualification Standards including the narrowing of the EA exemption for continuing education effective in 2011. Also hear about the proposed regulations issued by the Joint Board for the Enrollment of Actuaries issued in 2009, including some of the key comments received (or final regulations, if released).

Session Category
Professionalism and Policy
Credits
EA Core1.80
CPD1.80
Session Handout

405 - Withdrawal Liability Refresher and PBGC Technical Update 10-3 for Multiemployer Plans March 29, 2011 11:00 AM - 12:30 PM

Withdrawal Liability is back. PBGC Technical Update 10-3 provides guidance on simplified methods for applying the PPA requirement for a multiemployer plan in critical status. Beyond simply disregarding certain benefit reductions in determining the plan's unfunded vested benefits for purposes of determining an employer’s withdrawal liability, there is a lot to know about this topic. The presenters at this session review each of the statutory withdrawal liability allocation methods and also how to deal with critical status benefit reductions that have to be disregarded when assessing withdrawal liability.

Session Category
Beyond Corporate Retirement Plans
Credits
EA Core1.80
CPD1.80
Session Handout

406 - Current Issues w/Public Employee Retirement Systems March 29, 2011 11:00 AM - 12:30 PM

A panel of experienced public plan actuaries discuss current issues including: sustainability, plan design, defined contribution developments, risk measurement and management and actuarial assumptions.

Session Category
Beyond Corporate Retirement Plans
Credits
EA Core1.80
CPD1.80
Session Handout

407 - Cash Balance - Recent Developments March 29, 2011 11:00 AM - 12:30 PM

The presenters at this session review developments affecting cash balance and other hybrid defined benefit plans, including the proposed and final regulations issued in October 2010. Topics include, among others, market rates of return, whipsaw (lump sum, annuity, and funding), backloading, age discrimination, and cash balance conversions. (Repeated at Session 608)

Session Category
Plan Design Issues
Credits
EA Core1.80
CPD1.80
Session Handout

501 - Managing Credit Balances and Quarterlies March 29, 2011 2:00 PM - 3:30 PM

The presenters at this session provide a refresher on the rules governing credit balances, including calculation of credit balances, elections, and election deadlines. Effects of credit balances on various funded status threshold tests and related strategies are also covered. Finally, the panelists cover satisfying quarterly required contributions with credit balances, contributions, or a combination thereof, and the effect of late contributions on credit balance elections.

Session Category
Employee Benefits - Funding and Schedule B Issues
Credits
EA Core1.80
CPD1.80
Session Handout

502 - IRS Focus Group March 29, 2011 2:00 PM - 3:30 PM

Representatives of the Employee Plans Division of the IRS meet with session attendees to discuss areas of mutual concern, suggestions for future guidance, and other topics that may arise. Take this opportunity to provide "feedback" to the people in Washington with whom we have the most interaction. (This session is not recorded.)

Session Category
Compliance Issues
Credits
EA Core1.80
CPD1.80
Session Handout

503 - ERISA Litigation Affecting DB Plans March 29, 2011 2:00 PM - 3:30 PM

Speakers on this panel review recent court decisions affecting defined benefit plans and pension actuaries.

Session Category
New Rulings/Development
Credits
EA Core1.80
CPD1.80
Session Handout

504 - Small Plan Funding Issues March 29, 2011 2:00 PM - 3:30 PM

Small plans can be tricky. Often, legislators and regulators create inadvertent pitfalls just when they thought they were helping you out. The panelists' presentation should help you navigate those gotchas before they attack your small plans.

Session Category
Small Plan Issues
Credits
EA Core0.90
EA Non-Core0.90
CPD1.80
Session Handout

505 - Multiemployer Plans Workshop March 29, 2011 2:00 PM - 3:30 PM

This session is an opportunity for multiemployer plan actuaries to engage in a discussion of practical issues, problems and experiences encountered in their practices. (This session is not recorded.)

Session Category
Beyond Corporate Retirement Plans
Credits
EA Core1.80
CPD1.80
Session Handout

506 - Reductions in Force March 29, 2011 2:00 PM - 3:30 PM

Your client is reducing their workforce. What are the effects on company financials and are there any nondiscrimination issues? Will the reduction trigger a partial plan termination and/or an ERISA Section 4062(e) event? What are the notification requirements to PBGC, what liabilities to the plan might need to be settled, and what is the process? These are some of the questions scheduled for discussion by PBGC and private practitioners.

Session Category
PBGC/Plan Termination Issues
Credits
EA Core1.80
CPD1.80
Session Handout

507 - PEP Design March 29, 2011 2:00 PM - 3:30 PM

Panelists review the design of the Pension Equity Plan (PEP) from a technical perspective. What works? What doesn't? For example, how does the PEP design satisfy the accrual rules and age discrimination requirements? How does a PEP satisfy the market rate of interest requirements for hybrid plans?

Session Category
Plan Design Issues
Credits
EA Core1.80
CPD1.80
Session Handout

601 - Impact of Installment Acceleration Rules March 29, 2011 4:00 PM - 5:30 PM

The Pension Relief Act allows single employer plan sponsors to elect reduced shortfall amortization payments. However, larger employers may find the benefit of the relief mitigated by installment acceleration rules associated with 1) aggregate excess employee compensation and 2) aggregate amount of extraordinary dividends and stock redemptions for the plan year. The panelists discuss how the conditions are defined, how the installment acceleration amount (IAA) is calculated, how to allocate the IAA across multiple plans and multiple elections years, how to apply caps and carryovers, the impact on later installments, etc. The speakers include illustrative examples of the impact on funding.

Please attend the Pension Relief Act for Single Employer Plans (Sessions 101 or 202) for a broader overview of the provision.

Session Category
Employee Benefits - Funding and Schedule B Issues
Credits
EA Core1.80
CPD1.80
Session Handout

602 - Lump Sums March 29, 2011 4:00 PM - 5:30 PM

The panel covers a variety of issues encountered by plans which pay lump sums. Topics covered may include calculation of lump sums, methodologies for valuing lump sums in accounting and funding valuations, top-25 restrictions on lump sum payment, 415 limits, grandfathering of more generous actuarial conversions than PPA, and calculations of benefits earned following an earlier lump sum payment.

Session Category
Compliance Issues
Credits
EA Core1.80
CPD1.80
Session Handout

603 - Fiduciary Basics March 29, 2011 4:00 PM - 5:30 PM

The current economic, regulatory and litigation climate is increasing the focus on fiduciary issues and related issues of sound benefit plan governance for DB plans. The speakers at this session review the basic responsibilities all fiduciaries should be aware of, including best practice compliance approaches and case studies of common situations which may create fiduciary concerns. The panelists also cover rules non-fiduciaries (including Enrolled Actuaries) should observe to avoid inadvertently becoming fiduciaries.

Session Category
Compliance Issues
Credits
EA Core1.80
CPD1.80
Session Handout

604 - Small Plan Design and Technical Issues March 29, 2011 4:00 PM - 5:30 PM

Plan design options from the simple to the most complex with focus on real world issues, common problems and practical solutions are discussed. Examples include safe harbors, general tested formulas, and DBk Plans.

Session Category
Small Plan Issues
Credits
EA Core0.90
EA Non-Core0.90
CPD1.80
Session Handout

605 - ERISA Basics March 29, 2011 4:00 PM - 5:30 PM

A survey of the basic rules applicable to qualified pension plans. As the rules have multiplied, do you find it more difficult to keep track of all the requirements? This session is for you! The speakers on this panel review the basics and give you a road map to a fully compliant plan!

Session Category
Compliance Issues
Credits
EA Core1.80
CPD1.80
Session Handout

606 - Funding Methods for Governmental Plans March 29, 2011 4:00 PM - 5:30 PM

Governmental plans are not subject to the ERISA regulations on funding methods. However, most governmental plans use some type of level funding method to determine the recommended contributions. Lately, the methodology used has come under scrutiny, particularly in the media. The presenters at this session discuss the funding methods used for governmental plans and the reasoning behind variations. The speakers also address the criticism that has been voiced in the press.

Session Category
Beyond Corporate Retirement Plans
Credits
EA Core1.80
CPD1.80
Session Handout

607 - Overview of the Code of Professional Conduct March 29, 2011 4:00 PM - 5:30 PM

It may have been awhile since you last reviewed our Code of Professional Conduct in detail. Our panel of experts helps you in refreshing your knowledge of the Code and include an overview of some common situations faced by Enrolled Actuaries.

Session Category
Professionalism and Policy
Credits
EA Ethics1.80
CPD1.80
Session Handout

608 - Cash Balance - Recent Developments March 29, 2011 4:00 PM - 5:30 PM

The presenters at this session review developments affecting cash balance and other hybrid defined benefit plans, including the proposed and final regulations issued in October 2010. Topics include, among others, market rates of return, whipsaw (lump sum, annuity, and funding), backloading, age discrimination, and cash balance conversions. (Repeat of Session 407.)

Session Category
Plan Design Issues
Credits
EA Core1.80
CPD1.80
Session Handout

701 - Form 5500 Topics March 30, 2011 8:00 AM - 9:15 AM

Gone are the days of “same as last year” preparation of Form 5500. 2010 brought many changes – among them are electronic filing with EFAST2, Schedule C disclosures, and potentially increased liability as a paid preparer. More changes are coming in 2011, including PTINs and the new Schedule 8955-SSA. Come join our panel for a discussion of these issues and how pension professionals and plan administrators have been dealing with them.

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

702 - Investment for Pension Risk Management for Ongoing and Frozen Plans March 30, 2011 8:00 AM - 9:15 AM

What should actuaries know about managing pension investments to control risk? Speakers at this session cover a plan's investment strategy over its life cycle, including special considerations for frozen or closed plans, and de-risking as your plan's funded position improves.

Session Category
Investment Issues
Credits
EA Core1.50
CPD1.50
Session Handout

703 - Dialogue with the JBEA March 30, 2011 8:00 AM - 9:15 AM

We expect to have new Joint Board regulations in time for this year's meeting. Come hear the details from key Joint Board members and get your questions answered.

Session Category
Compliance Issues
Credits
EA Core1.50
CPD1.50
Session Handout

704 - PBGC Update March 30, 2011 8:00 AM - 9:15 AM

A panel of PBGC representatives provide an overview of recently published PBGC guidance, highlights from this year's "Blue Book," and other issues of interest to actuaries. There is plenty of time for questions from the audience. Participants are encouraged to come prepared with specific technical questions related to a PBGC topic.

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

705 - Disclosure Rules for Multiemployer Plans Under Section 101(k) March 30, 2011 8:00 AM - 9:15 AM

PPA added disclosure rules for multiemployer plans. The Department of Labor issued final regulations in 2010 interpreting those rules. Under those regulations, almost anything the plan actuary provides to the client will be subject to broader disclosure than ever before. The speakers at this session cover the regulations and the practical implications of the rules. Learn what documents must be provided and what circumstances and conditions exist surrounding this disclosure requirement.

Session Category
Beyond Corporate Retirement Plans
Credits
EA Core1.50
CPD1.50
Session Handout

706 - GASB Update March 30, 2011 8:00 AM - 9:15 AM

GASB has suggested possible changes that would dramatically alter the accounting rules with respect to governmental plans. Our panelists review the latest developments related to GASB standards for pension and retiree welfare accounting. A discussion on comments submitted last September on potential modifications to the pension standards, likely future direction and the exposure draft if issued. You can also expect the speakers to discuss best practices that have emerged under GASB 45 and what kind of modifications might be suggested when GASB solicits comments on it.

Session Category
Beyond Corporate Retirement Plans
Credits
EA Core1.50
CPD1.50
Session Handout

707 - Mortality Assumptions in the 21st Century March 30, 2011 8:00 AM - 9:15 AM

Actuaries are coming to grips with a consistent pattern of mortality improvements and are moving to get ahead of the trend. Panelists discuss the appropriateness of building mortality improvements into actuarial valuations and the mechanics of PPA mortality. Also, a member of the SOA's Retirement Plans Experience Committee previews the results of the new mortality study which is developing as a replacement for the RP-2000 mortality table.

Session Category
Assumptions/Methods
Credits
EA Core1.50
CPD1.50
Session Handout

801 - Completing the Schedule SB March 30, 2011 9:45 AM - 11:00 AM

Are you comfortable yet with the Schedule SB? Speakers at this session review the Schedule SB in detail, including the impact of final regulations and the Pension Relief Act. Come learn what’s new, what to look out for, and how to get it right. For other Form 5500 topics, such as electronic filing and Schedule C changes, refer to Session 701.

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

802 - Distress Terminations and the Early Warning Program March 30, 2011 9:45 AM - 11:00 AM

In the aftermath of the 2008 market decline, falling interest rates and continued economic uncertainty, the PBGC may be knocking at your client’s door, or your client may be knocking at the PBGC’s door. PBGC has become more proactive – find out what this means for you and your clients.

At the same time, distress terminations (out of bankruptcy) are becoming increasingly popular with employers. Learn about early warnings and the distress termination process and pitfalls that may be encountered. Come prepared with your questions. A general understanding of the plan termination process is assumed.

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

803 - Dialogue with the IRS March 30, 2011 9:45 AM - 11:00 AM

A panel of high ranking IRS officials field your questions on a number of challenging issues. This is your chance to ask what you've always wanted to know about guidance.

Session Category
Compliance Issues
Credits
EA Core1.50
CPD1.50
Session Handout

804 - Advanced Assumption Setting in Volatile Times March 30, 2011 9:45 AM - 11:00 AM

Beyond the basics of assumption setting (see Session 107), what additional considerations might you want to include when you set actuarial assumptions? How should you reflect short term expected changes due to the current economic environment in the assumptions (e.g., discount rate, salary scale, form of payment, retirement age, etc.)? What differences should be assumed for forecasting? When should you use best estimate versus when should you base an assumption on the market?

Session Category
Assumptions/Methods
Credits
EA Core1.50
CPD1.50
Session Handout

805 - Multiemployer Plans -- New FASB Disclosure Requirements March 30, 2011 9:45 AM - 11:00 AM

The Financial Accounting Standards Board (FASB) released exposure drafts in 2010 related to loss contingencies (withdrawal liability for multiemployer plans) and for disclosure about an employer’s participation in a multiemployer plan. Learn what contributing employers must disclose in their financial statements and how it might affect the plans in which they participate (based on available guidance.)

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

806 - Public Employee Retirement Systems Workshop March 30, 2011 9:45 AM - 11:00 AM

This is an open forum on current topics of concern to public plan actuaries. This year the speakers focus the discussion on the issue of public plan unfunded liabilities and the extensive press and controversy. Are costs too high? Are benefits too high? Other possible topics include the GASB Preliminary Views, potential insolvency, setting funding assumptions, asset valuation methods, salary spiking, and the focus of public interest on the government sector plans in today’s economy. (This session is not recorded.)

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

807 - FICA & Early Inclusion March 30, 2011 9:45 AM - 11:00 AM

Do you remember making a decision on early inclusion for FICA taxes in a nonqualified plan? Times have changed - perhaps your initial decision needs to change, too. Come find out.

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

003 - DB Plans: The Fall and the Rise March 30, 2011 11:15 AM - 12:45 PM

Private sector defined benefit pension plans are continuing to die a slow death. As representatives of the retirement community, what is the actuarial profession doing to stave off the extinction of defined benefit plans? Without a major shift in retirement policy, corporate defined benefit plans will continue to disappear. Are we doing our job to educate Congress about this? The average American worker is left increasingly vulnerable following the freeze or termination of their defined benefit plan – have we adequately explained the impact on their retirement income security? New and effective plan designs that are sustainable through economic uncertainty and business cycles are imperative to the survival of defined benefit plans – are we leading the charge to advocate for change?

Despite some major initiatives in these areas, generally the answer is NO. With so much new legislation and regulation emerging in recent years, the leaders of our profession are focused on the details of PPA and managing the intricacies of credit balances, interest rate elections and benefit restrictions. As actuaries, we need to take a step back and focus on the bigger issue of how our profession can advocate for saving private sector defined benefit plans.

Session Category
General Sessions
Credits
EA Non-Core1.80
CPD1.80

  • 1 Jerrold Dubner PricewaterhouseCoopers LLP
  • 2 John A. Potts Deloitte Consulting LLP
  • 1 Colin England Bolton Partners, Inc.
  • 2 Daniel S Atkinson River and Mercantile
  • 3 Peter Gerard Rossi U.S. Dept. of Defense Office of the Actuary
  • 4 Stephen C. Goss Social Security Administration
  • 1 Anne M. Button Department of Energy
  • 2 Janice Harbold Aon
  • 1 James E. Holland Cheiron, Inc.
  • 2 Bruce Cadenhead Mercer
  • 1 Sheila Kalkunte American Academy of Actuaries
  • 2 Gordon C. Enderle Willis Towers Watson
  • 3 James F. Verlautz Mercer
  • 1 David R. Godofsky Alston & Bird, LLP
  • 2 Paul B. Zeisler
  • 3 Carol R. Sears
  • 1 Lawrence J. Sher October Three LLC
  • 1 Lawrence J. Sher October Three LLC
  • 2 Richard Shea Covington & Burling LLP
  • 2 Richard Shea Covington & Burling LLP
  • 3 Michael W. Spaid Internal Revenue Service
  • 3 Michael W. Spaid Internal Revenue Service
  • 1 Amy Marie Conoscenti Willis Towers Watson
  • 2 Fred A. Peterson Aon
  • 3 Michael W. Spaid Internal Revenue Service
  • 1 Leslie A. McIntosh Weyerhaeuser Company
  • 2 Deborah A. Tully Willis Towers Watson
  • 1 Mark Olleman Milliman Inc.
  • 2 Lance J. Weiss Gabriel Roeder Smith & Company
  • 1 Lance J. Weiss Gabriel Roeder Smith & Company
  • 2 Thomas J. Finnegan CBIZ Retirement Plan Services
  • 3 Michael E. Clark Principal Financial Group
  • 4 Kenneth W. Porter
  • 1 Donald J. Segal
  • 2 Harlan M. Weller U.S. Department of the Treasury
  • 3 Linda Marshall Internal Revenue Service
  • 4 Carolyn E. Zimmerman Internal Revenue Service
  • 5 Tonya B. Manning Buck
  • 1 Donald J. Segal
  • 2 Patrick W. McDonough Joint Bd. for the Enrollment of Actuaries
  • 3 Carolyn E. Zimmerman Internal Revenue Service
  • 1 Hal Tepfer CBIZ Retirement Plans Services
  • 2 Lars C. Golumbic Groom Law Group
  • 1 Maria M. Sarli Willis Towers Watson
  • 2 Bruce Cadenhead Mercer
  • 1 Ellen L. Kleinstuber Bolton Partners, Inc.
  • 2 Harold J. Ashner Keightley & Ashner, LLP
  • 3 Kristina Archeval Pension Benefit Guaranty Corp.
  • 1 Craig P. Rosenthal Mercer
  • 2 Zorast Wadia Milliman Inc.
  • 1 David C. Kaleda Groom Law Group
  • 2 Christine Shaffer Nassor Willis Towers Watson
  • 3 Sarah A. Burke Alston & Bird, LLP
    (Session Assistant)
  • 1 John H. Lowell October Three Consulting LLC
  • 2 Gregory C. Braden Morgan, Lewis & Bockius LLP
  • 3 David R. Godofsky Alston & Bird, LLP
  • 1 David Scharf Buck
  • 2 Seth D. Chosak Willis Towers Watson
  • 3 Thomas Dean Matthews Willis Towers Watson
  • 1 Barbara Haws
  • 2 Andrew L. Oringer Dechert LLP
  • 3 William Belanger Willis Towers Watson
  • 1 Ellen L. Kleinstuber Bolton Partners, Inc.
  • 2 Janet Rabinowitz Willis Towers Watson
  • 1 Paul Angelo Segal Consulting
  • 2 Douglas L. Rowe
  • 3 Judith A. Kermans Gabriel Roeder Smith & Company
  • 1 Paul Angelo Segal Consulting
  • 2 Kenneth L. Friedman
  • 1 Dale H. Yamamoto Red Quill Consulting
  • 2 Milind Kirit Desai Aon
  • 3 Keith T. Sartain Aon
    (Session Assistant)
  • 1 Maria M. Sarli Willis Towers Watson
  • 2 Kenneth K. Lining Aon
  • 1 Eric I. Palley Guggenheim Partners
  • 2 David Anthony Kelly Mercer
  • 3 Gene M. Kalwarski Cheiron, Inc.
  • 1 Donald J. Segal
  • 2 Seth H. Tievsky Internal Revenue Service
  • 3 Martin L. Pippins American Retirement Association
  • 4 David M. Ziegler Internal Revenue Service
  • 5 Andrew Zuckerman Internal Revenue Service
  • 1 Daniel Philip Cassidy
  • 2 Dean M. Crawford Willis Towers Watson
  • 1 John H. Moore The Terry Group
  • 2 Ethan E. Kra Ethan E. Kra Actuarial Services LLC
  • 3 Kent A. Mason Davis & Harman LLP
  • 1 Jeanette C. Wagner Willis Towers Watson
  • 2 Lisa G. Ullman PricewaterhouseCoopers LLP
  • 1 Mark T. Dungan Willis Towers Watson
  • 2 David Scharf Buck
  • 1 Susan L. Breen-Held
  • 1 Susan L. Breen-Held
  • 2 Julie Michelle Ferguson Mercer
  • 2 Julie Michelle Ferguson Mercer
  • 3 Michael B. Hanley Willis Towers Watson
  • 3 Michael B. Hanley Willis Towers Watson
  • 1 Christopher M. Bone Pension Benefit Guaranty Corp.
  • 2 Diane M. Storm
  • 3 Alice H. Wade Social Security Administration
  • 4 Laurence Pinzur Aon
  • 1 Joyce A. Mader O'Donoghue & O'Donoghue LLP
  • 2 Cindy Marie Fraterrigo PricewaterhouseCoopers LLP
  • 1 Matthew G. Deckinger MGD Consulting Inc.
  • 2 Peter R. Hardcastle Cheiron, Inc.
  • 1 Larry Howard Weitzner Horizon Actuarial Services, LLC
  • 2 Amanda Jean Notaristefano The McKeogh Company
  • 0 Tonya B. Manning Buck
  • 1 Colin England Bolton Partners, Inc.
  • 2 Daniel S Atkinson River and Mercantile
  • 3 Peter Gerard Rossi U.S. Dept. of Defense Office of the Actuary
  • 4 Stephen C. Goss Social Security Administration
  • 1 Thomas C. Griffin American Academy of Actuaries
  • 2 Lawrence A. Johansen New Hampshire Retirement System
  • 1 Ellen L. Kleinstuber Bolton Partners, Inc.
  • 2 Marvin Lee Stokes Mercer
  • 3 Barbara Haws
  • 1 Kristina Archeval Pension Benefit Guaranty Corp.
  • 2 Amy C. Viener Pension Benefit Guaranty Corp.
  • 3 Armando Pompei Saavedra Pension Benefit Guaranty Corp.
  • 1 Amy C. Viener Pension Benefit Guaranty Corp.
  • 2 C. David Gustafson Pension Benefit Guaranty Corp
  • 3 Laricke Blanchard Pension Benefit Guaranty Corp.
  • 4 Catherine B. Klion Pension Benefit Guaranty Corp.
  • 1 Eric A. Keener Aon
  • 1 Eric A. Keener Aon
  • 2 Michael F. Pollack Willis Towers Watson
  • 2 Michael F. Pollack Willis Towers Watson
  • 3 Carolyn E. Zimmerman Internal Revenue Service
  • 3 Carolyn E. Zimmerman Internal Revenue Service
  • 1 Joseph F. Hicks CBIZ Retirement Plans Services
  • 2 Joshua Shapiro Groom Law Group
  • 3 John L. Bohman O'Donoghue & O'Donoghue
  • 0 Carly Nichols Ernst & Young LLP
  • 1 Bruce C. Gaffney Ropes & Gray
  • 2 Robert E. Walter Mercer
  • 4 Carolyn E. Zimmerman Internal Revenue Service
  • 1 William B. Fornia Pension Trustee Advisors
  • 2 Lawrence A. Johansen New Hampshire Retirement System
  • 1 Frank Todisco U.S. Government Accountability Office
  • 2 Andrew G. Biggs American Enterprise Institute
  • 3 Keith Brainard NASRA
  • 4 Elizabeth McNichol Center on Budget and Policy Priorities
  • 1 Karen Nowiejski Smith Nova Pension Valuations LLC
  • 2 Carolyn E. Zimmerman Internal Revenue Service
  • 1 Kelly Lynn Karger Willis Towers Watson
  • 2 Lonie A. Hassel Groom Law Group
  • 3 Ajit Gadre Pension Benefit Guaranty Corp.
  • 1 James E. Holland Cheiron, Inc.
  • 2 Eric A. Keener Aon
  • 3 Mark T. Dungan Willis Towers Watson
  • 1 Lawrence Deutsch Larry Deutsch Enterprises
  • 2 Kevin Joseph Donovan Pinnacle Plan Design, LLC
  • 3 Thomas J. Finnegan CBIZ Retirement Plan Services
  • 1 Richard A. Hochman Actuarial Systems Corporation
  • 2 Howard P. Rosenfeld Rosenfeld/Tortu Ret. Planning
  • 1 Lawrence Deutsch Larry Deutsch Enterprises
  • 2 Marjorie R. Martin Buck
  • 1 David R. Jarrett Buck
  • 2 Amy Carter Sullivan Transamerica Retirement Solutions
  • 1 Alex M. Brucker Brucker & Morra
  • 2 Martin L. Pippins American Retirement Association
  • 1 Margaret S. Berger Mercer
  • 2 John A. Potts Deloitte Consulting LLP
  • 3 Susan L. Breen-Held
  • 1 James J. McKeogh The McKeogh Company
  • 2 Constance Markakis Pension Benefit Guaranty Corp.