Piotr Krekora will serve as a panel speaker at the 2020 Conference of Consulting Actuaries (CCA) Annual Meeting. The session, OPEB-Anything But GASB, will cover trends in OPEB funding, retiree health plan design, and OPEB actuarial assumptions. The session will occur on October 28, 2020, 12:45 pm-2:00 pm (EST). For more information go to: https://www.ccactuaries.org/
James Rizzo and Hermes Garzon will speak on the topic Covid-19 Impact on Actuarial Valuations & Pensions during the Marcum Governmental Symposium Webinar Series. The session will cover the impact of COVID-19 on the future workforce, investments, and funding policies of state and local pension plans. The session will occur on October 29, 2020, 10:00 am-11:00 am (EST)
To register for the webinar visit: https://www.marcumevents.com/events/covid-19-impact-on-actuarial-valuations-pension-plans
Joseph Newton will present the topic, The Power of Projections, at the 2020 Public Pension Financial Forum (P2F2) Virtual Conference.
During this session, Joe will discuss actuarial principles, stress testing, corporate governance, and benefit security to help public pension plans develop strategies to manage risk.
The P2F2 virtual conference is being held October 16-30, 2020. Joe’s session will occur on October 27, 2020, from 2:00 pm-2:50 pm (EST). Learn more: https://www.p2f2.org/schedule#Session24
Retirement plan trustees are tasked with retirement plan administration. Trustees are responsible for hiring service providers and monitoring the quality of their work. This article discusses actuarial audits as a due diligence tool for public plan trustees.
James Rizzo will serve as a panel speaker at the 2020 Conference of Consulting Actuaries (CCA) Annual Meeting for the session Actuarial Standards of Practice (ASOPs) for Public Plans. ASOPs have been changing in recent years – with new standards and revisions to existing standards. The panel of expert speakers will address how these developments impact actuaries’ day-to-day work, including assumption disclaimers and deviation clauses that may be needed as part of actuarial communications.
The session will occur on October 21, 2020, 2:30 pm-3:45 pm (EST). For more information go to: https://www.ccactuaries.org/
Lance Weiss will serve as a panel speaker for the session, Public Pension Plan Benefit Administration Challenges and Opportunities, at the Conference of Consulting Actuaries 2020 Virtual Annual Meeting. The session will cover the following topic areas as they relate to benefit administration-the era of Covid-19, COLAs, §415, and domestic relations orders.
The CCA Annual Meeting is being held from October 19-28, 2020.
Joseph Newton will participate on a speaker panel during the Fall 2020 National Conference of State Legislatures (NCSL) Fiscal Webinar Series. The session, titled Economic Scenario Modeling and Stress Testing in the Time of COVID-19, will occur on October 15, 2020 at 2:00 pm EST.
For more information go to: https://www.ncsl.org/research/fiscal-policy/fiscal-fall-2020-webinar-series-budget-taxes-and-pensions-oh-my.aspx
Pete Strong will serve as a speaker at the 2020 P2F2 Annual Conference. His session, Pension Funding Optimization: Best Practices for Managing UAL, will help attendees:
-Identify options and flexibility in funding your pension plan UAL
-Understand different approaches to optimize paying down the UAL and the associated risks
-Communicate the economic value of reducing the UAL to plan sponsors
This virtual conference is being held October 16-30, 2020. Pete’s session will occur on October 20, 2020 from 2:00 pm-2:50 pm (EST).
Internal Revenue Code (IRC) Section 415(b) places limits on amounts that may be paid from defined benefit (DB) retirement plans that are “qualified” under Code §401(a). This article summarizes the key §415(b) provisions for governmental DB plans and discusses compliance with §415(b) and the associated regulations.