Announcement: SOA releases June 2019 Exam STAM passing candidate numbers and congratulates the new FSAs for August 2019.

Financial Principles Applied to the Management of Public Pension Plans Webcast

Date
September 27, 2016

Competencies

External Forces & Industry Knowledge Leadership Technical Skills & Analytical Problem Solving

Registration is now closed. The SOA Customer Service Center is available to assist you Monday through Friday, 8:00 a.m. to 5:00 p.m. CDT. Please call +1-888-697-3900.

Presented by

Social Insurance & Public Finance Section

Time

Noon-1:30 p.m. ET

Location

This webcast takes place via the Internet.

Registration Fees

Starting at $149 (includes access to subsequent webcast recording). More information on all registration fees .

Who Should Participate

Members of the following sections: Pension and Social Insurance & Public Finance Sections, as well as actuaries in other areas of practice who are interested in better understanding the principles of finance as applied to public pension plans.

Primary Competency

External Forces & Industry Knowledge, Leadership, Technical Skills & Analytical Problem Solving

Description

Several actuarial organizations have agreed that solvency, intergenerational equity and predictability/stability of contributions are key factors in funding policy. Public pension plans face challenges in all three areas. Actuarial and accounting practices address these challenges by smoothing methods that favor contribution stability over the other two factors. Financial principles, however, assign greater priority to solvency and intergenerational equity than to predictability/stability of contributions.

Presenters will show how basic financial building blocks applied to public pension plans imply practices that are very different from typical practices today, such as investment in liability matching, default-free securities, liability measurement based on the characteristics of the obligations and not on the assets supporting those obligations, funding that prioritizes solvency and financial reporting that is free of smoothing and deferred recognition.

How the live webcast works and what it includes

You do not need any special equipment. On Sept. 26, 2016, before 2:00 p.m. ET you will be sent detailed webcast instructions via email including the Web address for accessing the presentation. Any handouts that are available will also be sent.  You will follow along with both the slide presentation and the audio portion of the broadcast over the Internet. Telephone-based audio will also be available.

The registration fee includes:

  • One access code to the live webcast;
  • One Internet connection;
  • One set of presentation materials; and
  • Access to the subsequent webcast recording.

Please note that each access code may only be used for one location, even if you register for more than one participant.

Post-Webcast Purchase Opportunity

For those who are interested in SOA webcasts but are unable to participate in the live event, access to an archived recording of the webcast will be available for purchase approximately 10 business days following the event by using the following  link .