March 17, 2017
Competency (Learn more)
Presenter & Moderator
How to Obtain EA Credit
Social Insurance & Public Finance Section
Noon-1:30 p.m. ET
This webcast takes place via the Internet.
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.
Who Should Attend
Pension and Social Insurance and Public Finance Sections, as well as public pension actuaries and others interested in public pension funding and disclosures.
For 10 years there has been a very public discussion among public plan stakeholders on the applicability of financial economics to the measurement and funding of public pension liabilities and obligations. Recent guidance from GASB, the ASB and others has helped clarify the roles of "level cost" measures versus "market pricing" measures in some regards. However, the issue is far from resolved, with possible actions still under discussion at the ASB, the federal Congress and other rule makers.
In September 2016, the Social Insurance and Public Finance Section sponsored a webcast where the presenters provided an analysis of how financial economic principles applied to the management of public pension plans. This webcast will present an alternative view, that financial economic principles alone are not sufficient for guiding the management of public pension plans. This perspective concludes that a solvency value is not an appropriate basis for funding public pensions and has limited value, even as a basis for disclosures. In contrast, a level cost measure using an expected return discount rate is most consistent with the full range of principles and objectives appropriate for ongoing public pension plans.
How the live webcast works and what it includes
You do not need any special equipment. On March 16, 2017, 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.
The registration fee includes:
- One access code to the live webcast;
- One Internet connection;
- One phone connection (to be used only if experiencing sound issues or if in a conference room with a group)
- 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