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2019 Enrolled Actuaries Meeting

2019 Enrolled Actuaries Meeting

 

The Conference of Consulting Actuaries & American Academy of Actuaries serve as joint hosts for the 44th annual Enrolled Actuaries Meeting, April 7-10, 2019 at the Marriott Wardman Park Hotel in Washington, DC. The meeting offers a variety of panels and workshops, covering a wide range of topics and issues relevant to Enrolled Actuaries and other pension professionals.

The Improved EA Meeting Gets Even Better

Last year’s Enrolled Actuaries Meeting featured a new format with shorter sessions, more topics, and more EA credit (including a 100-minute general session on Ethics). Our attendees welcomed these changes:

 

“I like the new 1-1/4 hour session format with 2 hours for ethics credit.”

“The sessions were very good – timely and full of relevant information.”

“The new 75-minute format allowed me to get a wider variety of topics covered than at [the] previous meeting.”

“I did appreciate the long breaks between sessions to help with urgent work matters so I was able to attend and give full focus to all presentations while there.”

“Sessions much more to the point and practicable.”

“The speakers know their content extremely well. It's also nice that we can go to many seminars based on our specialties.”

 

While these improvements made the meeting better, we heard from several attendees that the paperless meeting was hampered by the inability to fully utilize our well-received meeting app without wi-fi access in the meeting space.

 

You asked and we answered.

 

Attendees of the 2019 EA Meeting will have access to wi-fi in the meeting space during sessions to use the meeting app, post comments on the meeting’s Twitter feed, and (for select sessions) provide feedback to speakers during sessions.

 

We look forward to seeing you in April for the best EA Meeting yet.

 

 

Sessions:

Sessions

001 - Reading the Tea Leaves: Where is Retirement Policy Headed? April 08, 2019 8:30 AM - 10:10 AM

Retirement-related legislation has not been a front-burner issue for quite some time, but we are seeing signs that retirement policy considerations are on the rise. As Baby Boomers continue to reach retirement-eligible ages, we should expect to see some interesting demographic and economic changes in our society. In the not-too-distant future, nearly 20% of our population will be over age 65.

Examples of legislation that have been proposed in recent months include: providing more individuals easy-access and incentives to save for retirement, helping retirees convert lump sums to lifetime income, loan programs to stabilize failing defined benefit plans, and offering employers fiduciary protections to encourage defined contribution innovations. In addition, the fate of many multiemployer pension plans may lie in the hands of policymakers in 2019, based on the deliberations of the Congressional Joint Select Committee on Solvency of Multiemployer Pension Plans.

At this session panelists address the various retirement proposals that have been raised, what may be in the pipeline, and how, if passed, the new retirement policy could influence the programs employers offer, how individuals save, and the financial security of future retirees. This includes an overview of the most recent developments relating to the multiemployer plan system, which could affect other stakeholders outside the multiemployer system.

Note: As we go to press on the preliminary program, the Joint Select Committee has not yet released details of their proposed solution. The speaker panel will be expanded once we have more clarity regarding the specific legislative proposal put forth.

Session Category
General Sessions
Credits
EA Non-Core1.50
CPD1.50

101 - Late Breaking Developments April 08, 2019 10:30 AM - 11:45 AM

Attend this perennial favorite for a review of guidance from the past year, with a special focus on important developments that occur shortly before the meeting. The speakers may address rulings, regulations, litigation and other exciting news related to retirement plans.

Session Category
New Rulings/Development
Credits
EA Core1.50
CPD1.50

102 - Basics of Nonqualified Plans April 08, 2019 10:30 AM - 11:45 AM

Speakers at this session provide an introduction to nonqualified plans. Potential topics to be covered include:

  • Who can be covered by a nonqualified plan;
  • Types of nonqualified plans;
  • Overview of IRC 409A rules, including permitted and non-permitted coordination with qualified plans;
  • When benefits are income and FICA taxed, and when employers can take deductions; and
  • Possible funding vehicles.

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

103 - Substitute Mortality Tables Submission Tips April 08, 2019 10:30 AM - 11:45 AM

Partial credibility regulations allow more plans the ability to submit for substitute mortality tables to the IRS. The panelists navigate through the filing requirements, share case studies of submissions, and the lessons they learned along the way – all to help your submission move successfully through the approval process.

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

104 - Hot Topics in Accounting April 08, 2019 10:30 AM - 11:45 AM

Panelists at this session discuss current topics that affect accounting under ASC 715, ASC 960, and IAS 19 including alternative pension expense recognition.

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

105 - Implementing GASB 74 and 75 - Lessons Learned April 08, 2019 10:30 AM - 11:45 AM

GASB Statements 74 and 75 have recently been implemented. Presenters discuss their implementation experiences including issues encountered, potential solutions, and available guidance.

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

106 - Expected Return Q&As for Pension Actuaries April 08, 2019 10:30 AM - 11:45 AM

Actuaries are responsible for selecting or recommending investment return assumptions for various purposes. We frequently rely on capital market assumptions from other parties - whether a colleague in our own firm’s investment practice, the plan’s outside investment advisor, or publicly available surveys. It’s not surprising that these outside parties often don’t agree on those assumptions, so we need to understand the fundamentals behind how these assumptions are developed so we can apply our own actuarial judgment in the assumption setting process.

In this session, experts in capital markets and investment advisory answer common questions that illustrate the key concepts and considerations that actuaries might consider as part of the assumption setting process.

Session Category
Investment Issues
Credits
EA Non-Core1.50
CPD1.50

201 - ERISA Litigation Affecting Defined Benefit Plans April 08, 2019 1:00 PM - 2:15 PM

The speakers review recent court decisions affecting defined benefit plans and pension actuaries.

Session Category
New Rulings/Development
Credits
EA Core1.50
CPD1.50

202 - PBGC: Update and Dialogue for Single-Employer Plans April 08, 2019 1:00 PM - 2:15 PM

A panel of PBGC representatives provides an overview of recently published PBGC guidance, program operations, plus hints, tips and information about their various programs. Bring your questions about PBGC-related topics to this informative session.

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

203 - Section 199A Tax Reform April 08, 2019 1:00 PM - 2:15 PM

Speakers focus on new Section 199A, the deduction for pass-through entities with Qualified Business Income (QBI). They address the mechanics of the QBI deduction including how phase outs work, and the special rules for “specified service trades or businesses." They also cover how the deduction influences retirement plan decisions including how certain employers receive effective deductions of more than 100% for their retirement plan contributions.

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

204 - Accounting for Special Events April 08, 2019 1:00 PM - 2:15 PM

Panelists utilize case studies to discuss the accounting considerations under both US GAAP and IFRS for special events including settlements and curtailments.

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

205 - Impact of Proposed ASOP Changes on Public Plans April 08, 2019 1:00 PM - 2:15 PM

The panelists discuss changes affecting public plans in the Exposure Drafts of ASOP Nos. 4, 27, and 35. The proposed Investment Risk Defeasement Measure (IRDM) requirement will be highlighted.

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

206 - Joint Select Committee and the Road Ahead April 08, 2019 1:00 PM - 2:15 PM

The Congressional Joint Select Committee on Multiemployer Plan Solvency issued a report at the end of 2018 that may provide a template for legislation that determines the future of the multiemployer system. The panelists discuss the hearing testimony and internal process, as well as their expectations for possible loan programs and changes to the funding rules, including the zone structure.

Session Category
Multiemployer Plans
Credits
EA Core1.50
CPD1.50

301 - Actuarial Equivalence April 08, 2019 2:45 PM - 4:00 PM

In recent years, interest rates have declined, and stayed down, and new mortality studies have confirmed that life expectancies have increased. Many plans have actuarial equivalence definitions for optional form factors, early commencement reductions and other purposes that were developed in a very different environment. The release by IRS of updated mortality tables for funding and IRC §417(e) purposes presents a good opportunity for plan sponsors to review their plans’ actuarial equivalence assumptions. Speaker at this session explore the related issues with respect to ERISA compliance, relative value demonstrations, developing annuity benefits at earlier commencement ages under bulk lump sum programs, and IRC §411(d)(6) protections that apply when actuarial assumptions are changed.

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

302 - Plan Termination April 08, 2019 2:45 PM - 4:00 PM

Plan terminations continue to be prevalent and require a process that can be cumbersome and complicated. There are tricks that can smooth the process, and traps that are worth avoiding. Panelists share their insights to help make your work with plan terminations as trouble-free as possible while meeting all the interrelated IRS and PBGC requirements and deadlines.

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

303 - Maximum Deductions April 08, 2019 2:45 PM - 4:00 PM

Panelists discuss deduction issues for DB and combined DB/DC plans, application of deduction rules for combined plans with and without PBGC coverage, and application of the deduction rules for affiliated service groups.

Session Category
Small Plan Issues
Credits
EA Core1.50
CPD1.50

304 - Evolving Standards of Practice April 08, 2019 2:45 PM - 4:00 PM

The Actuarial Standards Board is in the process of revising three significant pension ASOPs, Nos. 4, 27 and 35. In response to the exposure drafts issued in March 2018, the ASB received over 60 comment letters on ASOP 4, plus additional comments on ASOPs 27 and 35. During this session, panelists representing different areas of actuarial practice review the current status of the revision process, the significant and subtle changes to these standards that are under consideration, the range of perspectives expressed by various stakeholders both from within the actuarial profession and by outside parties, and how the anticipated changes to these standards may affect future actuarial practice with an emphasis on single-employer and multiemployer plans.

Session Category
Professionalism and Policy
Credits
EA Core1.50
CPD1.50

305 - US Retirement Readiness – What’s the Problem? April 08, 2019 2:45 PM - 4:00 PM

There are multiple surveys and sources of data, and even more opinions, on the status of retirement readiness in the US. Are current retirees underspending their savings? Will future retirees be able to have a dignified retirement? Can retirees simply adapt to their level of income? Panelists review the available data and provide their perspective on the current and possible future of retirement readiness in the US, and whether action is needed to change the course.

Session Category
DC Issues
Credits
EA Non-Core1.50
CPD1.50

306 - Dialogue With and Update From the PBGC for Multiemployer Plans April 08, 2019 2:45 PM - 4:00 PM

This is an opportunity for multiemployer actuaries to hear from a panel of PBGC representatives to discuss a variety multiemployer plans topics. Expect to hear about new PBGC merger and transfer regulations, plan insolvency, revised financial projections regarding the solvency of the multiemployer guarantee program, as well as evolving experience with candidates for a MPRA partition. We anticipate questions from the audience.

Session Category
Multiemployer Plans
Credits
EA Core1.50
CPD1.50

401 - Missing Participants and Post-65 Distributions April 08, 2019 4:30 PM - 5:45 PM

Plans are continuing to experience problems with missing participants, many who may be past NRD. Do you know what to do when you are trying to terminate the plan and can’t locate someone? What about when people appear after age 65 or age 70? Get some help with your questions as our panel (including PBGC and IRS representatives) provides a good review of how to determine the benefits that should be provided when people reappear, and thoughts on what to do if they don’t.

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

402 - Research on Generational Perspectives on Retirement April 08, 2019 4:30 PM - 5:45 PM

The panelists review recent research illustrating generational perspectives on retirement. The Society of Actuaries recently completed a research study that surveyed Millenials, Gen-Xers, Baby Boomers and members of the Silent Generation on their views on retirement and financial planning issues. The study compared and contrasted the perspectives and experiences of these different generations yielding thought-provoking and practical takeaways. In addition, the American Academy of Actuaries and Institute and Faculty of Actuaries (UK) and Actuaries Institute (Australia) issued the results of a survey of working age individuals in each of the three countries to assess their preparedness for various retirement risks, including longevity risk.

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

403 - Document Workshop April 08, 2019 4:30 PM - 5:45 PM

Pre-approved Defined Benefit plans are entering the two-year restatement period of their six-year cycle. For the first time cash balance plans may use pre-approved documents. Learn what issues to be aware of and ideas for handling the document work ahead.

Session Category
Small Plan Issues
Credits
EA Core1.50
CPD1.50

404 - ASB Standards for Pension Actuaries April 08, 2019 4:30 PM - 5:45 PM

In many situations, outside bodies place limits on our professional judgment – IRS, FASB, PBGC, etc. If you’re looking for an overview of the ASB’s standards affecting pension actuaries issued by our own profession, this session is for you! An overview of any new standards or exposure drafts issued during the year is included.

Session Category
Professionalism and Policy
Credits
EA Core1.50
CPD1.50

405 - Credibility (Non-Mortality) April 08, 2019 4:30 PM - 5:45 PM

Mortality credibility has received a lot of attention recently, in part due to IRS regulations. But credibility concepts have broader application across the spectrum of experience reviews and assumption setting. In light of ASOP 25, and increased auditor scrutiny, actuaries should understand the role of Credibility with a capital "C." The speakers present techniques used in experience studies including approaches not specifically encompassed by ASOP 25 as Credibility methods.

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

406 - Effect of Tax Reform on Nonqualified Plans April 08, 2019 4:30 PM - 5:45 PM

Panelists discuss the effects that tax reform is having on nonqualified plans. Potential topics to be covered are:

  • History of legislative changes affecting nonqualified plans;
  • Current nonqualified plans landscape - prevalence and latest trends; and
  • Changes in IRC section 162(m), including 162(m) grandfathering provisions, and how those changes may affect nonqualified plan benefits.

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

002 - Ethics April 09, 2019 8:30 AM - 10:10 AM

In this highly interactive session, panelists and audience members debate solutions to difficult ethical situations faced by actuaries in their day-to-day practices, including confidentiality, errors, conflicts of interest, difficult clients, and disagreements among actuaries.

Session Category
General Sessions
Credits
EA Ethics2.00
CPD2.00

501 - Dialogue with the Joint Board and Review of Key Sections of the Joint Board Regulations April 09, 2019 10:30 AM - 11:45 AM

Representatives of the Joint Board for the Enrollment of Actuaries discuss current developments at, and activities of, the Board, and other information that may be helpful to the profession. Topics discussed may include pointers for successfully preparing an application for initial enrollment, navigating an audit of continuing education, complying with the regulations that govern enrolled actuaries, and disciplinary issues. Participants are given the opportunity to ask questions and share concerns and ideas with the Joint Board representatives.

Session Category
Professionalism and Policy
Credits
EA Core1.50
CPD1.50

502 - Overview: Settling Pension Liabilities April 09, 2019 10:30 AM - 11:45 AM

Speakers provide a very high-level overview of settling pension liabilities. Among the topics that may be covered are the different goals and target populations for annuities and lump sum settlement, their advantages and disadvantages, and when settling may make sense. They also include some considerations for sponsors as they consider implementing these risk-shifting tactics.

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

503 - Compensation for Self Employed April 09, 2019 10:30 AM - 11:45 AM

Sole proprietorship and partners face unique restrictions on funding their retirement plans. The speakers at this session focus on the determination of compensation for self-employeds, special rules on self-employed contributions, how to allocate contributions to partners and plan design options that work well for partners.

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

504 - Church Plans April 09, 2019 10:30 AM - 11:45 AM

Your client has had a “church plan” for decades. Due to recent litigation, its status as a church plan is now in question. Panelists review the latest court decisions and settlements, and discuss practical solutions.

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

505 - Public Pension UAAL: A Closer Look April 09, 2019 10:30 AM - 11:45 AM

What are the key factors that contribute to the Unfunded Actuarial Accrued Liability (UAAL)? How have recent legislative and assumption changes impacted the UAAL? How do some UAALs grow and become so difficult to manage, and what tools are available to both understand and manage the UAAL? Speakers present case studies, best practices, and pitfalls to avoid when analyzing and communicating the results.

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

506 - Multiemployer Pension Reform Act (MPRA) Evolution: Benefit Suspension Experiences April 09, 2019 10:30 AM - 11:45 AM

The Multiemployer Pension Reform Act of 2014 (MPRA) provides for the possibility of benefit suspensions (which need Treasury approval). Presenters provide an overview of approvals since the prior EA meeting and review post-approval actions requiring attention from the actuary.

Session Category
Multiemployer Plans
Credits
EA Core1.50
CPD1.50

601 - Late Breaking Developments April 09, 2019 1:00 PM - 2:15 PM

Attend this perennial favorite for a review of guidance from the past year, with a special focus on important developments that occur shortly before the meeting. The speakers may address rulings, regulations, litigation and other exciting news related to retirement plans.

Session Category
New Rulings/Development
Credits
EA Core1.50
CPD1.50

602 - SOA Research and its Application to Pension Actuaries April 09, 2019 1:00 PM - 2:15 PM

The Society of Actuaries (SOA) has a regular pipeline of research projects underway that have relevance to pension actuaries. These projects span a range of topics, from those that support current practice (including mortality tables) to those that cover emerging areas. Speakers provide an overview of several recently completed research projects representing the spectrum of SOA‐sponsored retirement research. Possible topics may include: an analysis of pension contribution indices across different types of pension plans, a discussion of tontine annuities, a look at the SOA's latest mortality research, and an overview of their current post-retirement risk survey research and related consumer-oriented materials.

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

603 - Cash Balances – Small Plan Design and Operation April 09, 2019 1:00 PM - 2:15 PM

Cash balance plans have become the plan of choice for professional employers and other small business owners. Panelists discuss the cash balance designs and include a discussion of different interest crediting rates including issues involved with using asset rates of return.

Session Category
Small Plan Issues
Credits
EA Core1.50
CPD1.50

604 - Variable Annuity and Benefit Plans April 09, 2019 1:00 PM - 2:15 PM

Actuaries and consulting firms continue to explore the sharing of risk between employer and employees through innovative plan designs. Presenters share the latest ideas and discuss the pros, cons, and challenges associated with these creative alternatives.

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

605 - Public Plan Benefits Administration Issues April 09, 2019 1:00 PM - 2:15 PM

There are numerous administrative issues that arise in public sector pension plans which create complexity in determining participant benefits and how they are valued. Included among them are determining the cost to purchase service credit, the application of 415 limits, QDROs, annuity purchase and optional benefit factors, and determining lump sum benefits. Each of these relies on the selection of appropriate actuarial equivalence factors. Our panel discusses the issues to consider in selecting the "right" assumptions and other challenges associated with the administration of these benefits in public sector plans.

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

606 - Multiple Employer Plans April 09, 2019 1:00 PM - 2:15 PM

Multiple employer plans can arise in a number of situations, including joint ventures and changes in corporate structure. Panelists provide an overview of things to consider when dealing with multiple employer plans. Among the topics that may be covered are exclusive benefit rules, allocating funding requirements, nondiscrimination testing requirements, deduction issues, benefit restrictions, and withdrawing from multiple employer plans.

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

701 - Funding Methods and Changes April 09, 2019 2:45 PM - 4:00 PM

We have had the new revenue procedures for over a year but there are still some questions. Sometimes it is clear when a valuation reflects a funding method change, but not always. Is it a method change, a change in plan interpretation, a change in software, or a correction? If it is a method change, it is not always clear how to get approval, and when and what will be approved. The presenters discuss the recent guidance and how the approval process now works (and sometimes doesn't).

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

702 - Plan Spinoffs April 09, 2019 2:45 PM - 4:00 PM

Plan spinoffs occur regularly, but there are still areas where guidance is not available. Speakers provide an overview of things to consider when dealing with spinoffs. Among the topics that may be covered are:

  • Deminimis versus non deminimis spinoffs;
  • Determining asset transfer amounts;
  • Funding calculations;
  • Benefit restrictions; and
  • Filing for approval with IRS.

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

703 - Valuation of Pension Benefits in a Divorce April 09, 2019 2:45 PM - 4:00 PM

A participant is going through a divorce. As part of the division of property, a value needs to be placed upon the participant’s pension benefits. That valuation may be considered in development of a QDRO. Come hear a panel of actuaries discuss the ins and outs of valuing pension benefits for divorce purposes. The provisions from the newly revised ASOP 34 are also addressed.

Session Category
Small Plan Issues
Credits
EA Core1.50
CPD1.50

704 - Closed Group Testing Failures and Corrections April 09, 2019 2:45 PM - 4:00 PM

Failure happens. Our experts discuss methods of testing closed groups and alternative approaches available when a plan fails its initial testing. The panel also addresses correction methods available for plans that fail.

Session Category
Nondiscrimination Issues
Credits
EA Core1.50
CPD1.50

705 - Public Pension Plan Mortality Study April 09, 2019 2:45 PM - 4:00 PM

The Retirement Plans Experience Committee (RPEC) of the Society of Actuaries has recently completed a mortality study specifically for public pension plans in the United States. Members of the RPEC discuss the results of the study, their process, and the impact on public pension plans.

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

706 - Emerging From the Zones (Endangered or Critical Status) - and Staying Out April 09, 2019 2:45 PM - 4:00 PM

Investment returns and the general economy have rebounded after the great recession. With many multiemployer plans expecting to transition out of critical and endangered status in the next few years, what should multiemployer plan sponsors consider as their plan moves away from the requirements of their funding improvement or rehabilitation plans?

In addition, more than half of plans have always been considered “green.” What can be done to help that class of plans avoid future trouble?

Session Category
Multiemployer Plans
Credits
EA Core1.50
CPD1.50

801 - Q&N/As: The Known Unknowns April 09, 2019 4:30 PM - 5:45 PM

Some things we know we just don’t know. There are gray areas in the Internal Revenue Code that provide compliance challenges that actuaries wrestle with in consulting to their clients. Our panel of experts reviews their top-10 list of currently relevant unknowns, and provides their views on possible approaches to handling these situations when they arise in practice.

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

802 - Government Contracting April 09, 2019 4:30 PM - 5:45 PM

Government contractors face a host of special challenges, some actuarial and others that an actuary should know about. Presenters address topics such as CAS, procurement, GSA requirements, and additional rules that impact pension benefits and their valuations.

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

803 - Working With the IRS for Rulings April 09, 2019 4:30 PM - 5:45 PM

Requesting an IRS ruling for actuarial topics can be time consuming and confusing. What rules apply for rulings? Panelists discuss how to determine if a ruling is possible, how to make a request, what to expect, and how to effectively work through the process.

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

804 - Overfunded Plans – Effective Use of Surplus April 09, 2019 4:30 PM - 5:45 PM

With plans funding up to reduce PBGC premiums, a year or two of rising interest rates and good investment returns could produce significantly overfunded plans. How can sponsors put that surplus to good use? Panelists review innovative approaches as well as tried-and-true methods for both large and small plans.

Session Category
Retirement/Consulting Issues
Credits
EA Core1.50
CPD1.50

805 - PBGC Participant and Plan Sponsor Advocate April 09, 2019 4:30 PM - 5:45 PM

The PBGC has a Participant and Plan Sponsor Advocate (Advocate) who acts as a liaison between the PBGC and participants and plan sponsors of defined benefit plans. The Advocate and staff offer free services to participants in defined benefit plans insured by the PBGC and plan sponsors of defined benefit plans to help resolve persistent problems with the PBGC. Our panel provides an overview of the office, role, and share examples of successfully completed projects. The speakers also give audience members the opportunity to ask questions.

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

806 - Would Your Assumptions Survive Review Under MPRA, and Should They? April 09, 2019 4:30 PM - 5:45 PM

The review (and sometimes rejection) of applications for suspension of benefits under MPRA has highlighted the need to support the assumptions used to value multiemployer plans. Speakers at this session review modelling, experience studies, and assumption setting for multiemployer plans, taking into account the requirements of the various ASOPs, including the new additions from ASOP 51.

Session Category
Multiemployer Plans
Credits
EA Core1.50
CPD1.50

901 - Dialogue with the IRS/Treasury April 10, 2019 8:00 AM - 9:15 AM

A panel of high-ranking officials and experienced practitioners field your questions on a number of challenging issues. This is your chance to ask what you've always wanted to know about guidance. This session is not intended to address specific client issues.

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

902 - Lifetime Income / QLAC April 10, 2019 8:00 AM - 9:15 AM

Nearly every retiree will have accumulated some wealth that is in an account earmarked for retirement. This may be from the election of a lump sum from a defined benefit plan, participation in a defined contribution plan, or personal savings. Pension actuaries are well positioned to play an important role in developing solutions to the lifetime income challenge. In this session we explore emerging solutions and strategies to optimize the effectiveness of retirement savings.

Session Category
DC Issues
Credits
EA Non-Core1.50
CPD1.50

903 - 401(a)(26) Issues April 10, 2019 8:00 AM - 9:15 AM

Speakers focus on testing a defined benefit plan for compliance with IRC §401(a)(26) for active plans, plans in which benefits are frozen or plans in which participation is frozen. Panelists delve into the specifics on meaningful benefits, including options available for calculating accrual rates for §401(a)(26) prior benefit structures and the statutory and regulatory exemptions from §401(a)(26).

Session Category
Small Plan Issues
Credits
EA Core1.50
CPD1.50

904 - ASOP 51: Practical Approaches April 10, 2019 8:00 AM - 9:15 AM

Actuarial Standard of Practice (ASOP) No. 51 on the Assessment and Disclosure of Risk Associated with Measuring Pension Obligations and Determining Pension Plan Contributions was effective for any actuarial work product with a measurement date on or after November 1, 2018. The panelists discuss the practical approaches to satisfying the requirements from the perspective of public, corporate, and multiemployer actuaries.

Session Category
Professionalism and Policy
Credits
EA Core1.50
CPD1.50

905 - Valuing an Organization with a Defined Benefit Plan April 10, 2019 8:00 AM - 9:15 AM

There are many situations where the value of a DB plan must be incorporated into the overall value of an organization. While the plan remains the same, the approach varies. Speakers explore the different ways rating agencies, buyers/sellers involved in mergers and acquisitions, and investors determine how an organization’s DB plan affects the overall value or rating of an organization.

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

906 - OPEB Basics for Pension Actuaries April 10, 2019 8:00 AM - 9:15 AM

Many companies that offer defined benefit programs may also offer Other Post-Employment Benefit Plans (OPEB). These valuations require insights from both pension actuaries and healthcare actuaries to accurately value the plan’s liabilities. In this session the panel discusses the basic valuation concepts and parameters of OPEB valuations.

Session Category
Health and Welfare
Credits
EA Non-Core1.50
CPD1.50

1001 - PBGC Blue Book and Website Questions and Answers April 10, 2019 9:45 AM - 11:00 AM

Come hear experienced practitioners discuss the PBGC Blue Book questions and answers, as well as the new questions and answers posted on PBGC’s website. Topics may include premiums, reporting, penalties and plan terminations. A PBGC representative is also available to provide clarification of the PBGC’s perspective.

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

1002 - Corporate In-House Actuaries Workshop April 10, 2019 9:45 AM - 11:00 AM

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.

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

1003 - Small Plan Workshop April 10, 2019 9:45 AM - 11:00 AM

Come prepared to discuss issues with your peers. This is an open forum to discuss issues specific to small plans. Topics may include PPA, MAP–21, HATFA, IRC 401(a)(26), 410(b), 401(a)(4), 401(a)(17), 415, 416, 401(a)(9), 430, 436 and PBGC issues for small plans. In addition speakers explore issues regarding the upcoming DB restatement process including the use of pre-approved cash balance plans.

Session Category
Small Plan Issues
Credits
EA Core1.50
CPD1.50

1004 - Working with Auditors April 10, 2019 9:45 AM - 11:00 AM

An update to the 2011 Academy Practice Note, “Working with Pension Auditors” is expected around the time of the 2019 Enrolled Actuaries Meeting. Panelists discuss the updates and provide the rationale for the changes.

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

1005 - Public Plans Workshop April 10, 2019 9:45 AM - 11:00 AM

This is an open forum on current topics of concern to public plan actuaries. Possible topics this year may include proposed revisions to Actuarial Standards, the public plan mortality study, other actuarial assumptions, and legislative developments.

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

1006 - Multiemployer Plans Workshop April 10, 2019 9:45 AM - 11:00 AM

During this session, there is an opportunity for multiemployer plan actuaries to engage in a discussion of practical issues, problems or experiences encountered in their practices. It can be a more in-depth analysis of topics from other multiemployer sessions or more arcane subjects such as recent withdrawal liability decisions and the trend toward variable plan design. Come prepared for a lively discussion!

Session Category
Multiemployer Plans
Credits
EA Core1.50
CPD1.50

003 - Rise and Fall of Discount Rates April 10, 2019 11:30 AM - 12:45 PM

“Rates have to go up, right?” How many times have we heard this over the last 10 years, and yet they remain at historically low levels. But, are things about to change? Panelists discuss how rising rates might impact a defined benefit plan’s assets, liabilities, risk, and design and its plan sponsor’s desire to terminate it.

Session Category
General Sessions
Credits
EA Non-Core1.50
CPD1.50

Speakers

  • 1 Ellen L. Kleinstuber Bolton Partners, Inc.
  • 2 Earl Pomeroy Alston & Bird, LLP
  • 3 Martin L. Pippins American Retirement Association
  • 1 David R. Godofsky Alston & Bird, LLP
  • 2 Margaret S. Berger Mercer
  • 3 Paul B. Zeisler
  • 4 Deborah A. Tully Willis Towers Watson
  • 1 Tonya B. Manning Buck
  • 2 Margaret G. McDonald Prudential Financial
  • 3 Jonathan R. Barry MFS Investment Management
  • 1 Harold J. Ashner Keightley & Ashner, LLP
  • 2 Anita Juneja Aon
  • 3 Representative Pension Benefit Guaranty Corp.
  • 1 Robert Jonathan Egnor Cox Enterprises
  • 2 Matthew G. Deckinger MGD Consulting Inc.
  • 1 Howard P. Rosenfeld Rosenfeld/Tortu Ret. Planning
  • 2 Andrew C. Forgrave
  • 1 Timothy J. Geddes Deloitte Consulting LLP
  • 2 Susan L. Breen-Held
  • 1 Leslie L. Thompson Gabriel Roeder Smith & Company
  • 2 Koren L. Holden Colorado PERA
  • 1 Joseph F. Hicks CBIZ Retirement Plans Services
  • 2 Tammy F. Dixon Segal Consulting
  • 1 Bruce Cadenhead Mercer
  • 2 Kent A. Mason Davis & Harman LLP
  • 3 Representative Internal Revenue Service
  • 1 Aaron J.L. Pedowitz Mercer
  • 2 David Scharf Buck
  • 3 Puneet Arora Willis Towers Watson
  • 1 Brenton Lee Colbert Mercer
  • 2 Representative Internal Revenue Service
  • 1 Eric A. Keener Aon
  • 2 John A. Potts Deloitte Consulting LLP
  • 1 Elizabeth Ann Wiley Cheiron, Inc.
  • 2 Mehdi Riazi Gabriel Roeder Smith & Company
  • 1 R. Evan Inglis Independent Consultant
  • 2 Elena V. Black The Terry Group
  • 1 David R. Godofsky Alston & Bird, LLP
  • 2 Marcia Wagner The Wagner Law Group
  • 1 Susan L. Breen-Held
  • 2 Representative Pension Benefit Guaranty Corp.
  • 1 Kevin Joseph Donovan Pinnacle Plan Design, LLC
  • 2 Stewart McGough Scolaro Fetter Grizanti & McGough, P.C.
  • 1 Brian William Lee Deloitte Consulting LLP
  • 1 Paul Angelo Segal Consulting
  • 2 Mita Drazilov Gabriel Roeder Smith & Company
  • 1 Joshua Shapiro Groom Law Group
  • 2 Representative Pension Benefit Guaranty Corp.
  • 1 Syed Fahad Saghir Alston & Bird, LLP
  • 2 David J. Pittman Principal Financial Group
  • 3 Marisa D.K. Morse Willis Towers Watson
  • 1 Hilja Viidemann Buck
  • 2 Jay Dinunzio Mercer
  • 3 Harold J. Ashner Keightley & Ashner, LLP
  • 4 Representative Pension Benefit Guaranty Corp.
  • 1 Howard P. Rosenfeld Rosenfeld/Tortu Ret. Planning
  • 2 Richard A. Block Block Consulting Actuaries Inc.
  • 3 James E. Turpin The Turpin Consulting Group, Inc.
  • 1 Thomas J. Finnegan CBIZ Retirement Plan Services
  • 1 James E. Ritchie Bolton
  • 1 Jason L. Russell Segal Consulting
  • 2 Representative Pension Benefit Guaranty Corp.
  • 1 Blake MacKay Alston & Bird, LLP
  • 2 Aubrey Stadtlander Principal Financial Group
  • 3 Representative Pension Benefit Guaranty Corp.
  • 4 Representative Internal Revenue Service
  • 1 Steven Jackson American Academy of Actuaries
  • 2 Mathew Greenwald Mathew Greenwald & Associates
  • 3 AnnMarie Pino Greenwald & Associates
  • 1 Richard A. Hochman Actuarial Systems Corporation
  • 2 Kelsey Mayo Poyner Spruill
  • 3 Kori Welbes Principal Financial Group
  • 1 Mita Drazilov Gabriel Roeder Smith & Company
  • 2 Tammy F. Dixon Segal Consulting
  • 3 Stephen T. McElhaney Cheiron, Inc.
  • 1 James G. Berberian Buck
  • 2 Stuart M. Schulman Buck
  • 3 Elena V. Black The Terry Group
  • 1 David Scharf Buck
  • 2 Jonathan Zimmerman Morgan, Lewis & Bockius LLP
  • 3 Pete J. Neuwirth CapAcuity
  • 1 Susan L. Breen-Held
  • 2 Representative Joint Bd. for the Enrollment of Actuaries
  • 1 Scott A. Hittner October Three LLC
  • 2 Melissa Latore-Moore Mercer Investment Consulting, LLC
  • 3 Matthew L. Bond Aon Corporation
  • 1 Kevin Joseph Donovan Pinnacle Plan Design, LLC
  • 2 Lorraine Dorsa Aegis Pension Services, Inc.
  • 3 Stewart McGough Scolaro Fetter Grizanti & McGough, P.C.
  • 1 David R. Godofsky Alston & Bird, LLP
  • 2 G. Daniel Miller Conner & Winters, LLP
  • 3 Elizabeth Truglio Allen USI Consulting Group
  • 1 William R. Hallmark Cheiron, Inc.
  • 2 Paul Angelo Segal Consulting
  • 3 Adam J. Reese PRM Consulting Group
  • 1 Eli Greenblum Segal Consulting
  • 2 Paul Lowell Graf Rael & Letson
  • 3 Joshua Goodwin Milliman Inc.
  • 4 Boris Vaynblat The McKeogh Company
  • 1 Bruce Cadenhead Mercer
  • 2 Kent A. Mason Davis & Harman LLP
  • 3 Representative Internal Revenue Service
  • 1 Julie A. Curtis retired
  • 2 Lisa A. Schilling Society of Actuaries
  • 3 Cynthia J. Levering
  • 1 Lawrence Deutsch Larry Deutsch Enterprises
  • 2 Anita Juneja Aon
  • 1 James G. Berberian Buck
  • 2 Joshua Shapiro Groom Law Group
  • 3 Kelly S. Coffing Milliman Inc.
  • 1 Thomas B. Lowman Bolton Partners, Inc.
  • 2 Brian B. Murphy Gabriel, Roeder, Smith & Company
  • 1 Lauren M. Hoeck Willis Towers Watson
  • 2 Syed Fahad Saghir Alston & Bird, LLP
  • 3 Tallal Zia Willis Towers Watson
  • 1 Tonya B. Manning Buck
  • 2 Representative Internal Revenue Service
  • 1 Eric A. Keener Aon
  • 2 David Woodmansee USI Consulting Group
  • 3 Jacob H. Schneider Willis Towers Watson
  • 1 Andrew C. Forgrave
  • 2 James E. Turpin The Turpin Consulting Group, Inc.
  • 1 Brooke Lea Greene Willis Towers Watson
  • 2 Audrey Cervas Buck
  • 3 Thomas J. Finnegan CBIZ Retirement Plan Services
  • 1 David T. Kausch Gabriel Roeder Smith & Company
  • 2 David L. Driscoll Buck
  • 3 Patrick Nolan Society of Actuaries
  • 1 Jason L. Russell Segal Consulting
  • 2 David Pazamickas Horizon Actuarial Services, LLC
  • 3 Paul M. Bullock United Actuarial Services, Inc.
  • 1 James G. Berberian Buck
  • 2 Jeffrey Litwin Sibson Consulting, A Division of Segal
  • 3 Eric A. Keener Aon
  • 4 Michael F. Pollack Willis Towers Watson
  • 1 Deborah A. Tully Willis Towers Watson
  • 2 Scott Evan Berger Buck
  • 3 Craig P. Rosenthal Mercer
  • 4 George A. Matray DBA GAM Consulting Actuary
  • 1 Tonya B. Manning Buck
  • 2 Representative Internal Revenue Service
  • 1 David R. Godofsky Alston & Bird, LLP
  • 1 Jessica Kachur Mercer
  • 2 Harold J. Ashner Keightley & Ashner, LLP
  • 3 Representative Pension Benefit Guaranty Corp.
  • 1 Joseph F. Hicks CBIZ Retirement Plans Services
  • 2 Christian Benjaminson Cheiron, Inc.
  • 1 Tonya B. Manning Buck
  • 2 Representative Internal Revenue Service
  • 1 Bruce Cadenhead Mercer
  • 2 Mark Shemtob Abar Retirement Plan Services LLC
  • 3 John J. Bottini Aon
  • 1 Richard A. Block Block Consulting Actuaries Inc.
  • 2 Lawrence Deutsch Larry Deutsch Enterprises
  • 1 Bonita Jo Wurst Gabriel Roeder Smith & Company
  • 2 Justin D. Kear Aon
  • 3 Christian Benjaminson Cheiron, Inc.
  • 1 John A. Potts Deloitte Consulting LLP
  • 1 Jessica Kachur Mercer
  • 2 Jocelyn A. Cornick Principal Financial Group
  • 3 Dale H. Yamamoto Red Quill Consulting