Financial Stress in the Defined Benefit System Webcast

Date

February 14, 2017

  • External Forces & Industry Knowledge

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Presented by

Pension Section

Time

Noon - 1:30 p.m. ET

Location

This webcast takes place via the Internet.

Registration Fees

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 Participate

Retirement actuaries who want to get a better macro understanding of the defined benefit system landscape.

Description

It's well known that defined benefit pension plans are under significant financial stress, whether single-employer, multiemployer or public pension plan systems. This session will provide a macro view of the pressures based on recent Society of Actuaries (SOA) research and discuss the prospects on how to deal with such pressures.

In 2016, the SOA published papers associated with single-employer, multiemployer and public pension plan systems, while encompassing their funding progress of contributions in the most recent years. These study results have revealed a clear indication that these pension plan systems are facing financial stress. These pension plan systems carry significant unfunded liabilities, and show a trend of decreasing numbers and proportions of active participant's compounding funding pressures. Based on SOA research, this session will provide an overview of the financial stress faced by pension plan systems at the macro level. This session will also cover potential areas to explore on how to manage the stress.

How the live webcast works and what it includes

You do not need any special equipment. On Feb. 13, 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  link .

Back

Legend

Communication

Demonstrating the listening, writing and speaking skills required to effectively address diverse technical and nontechnical audiences in both formal and informal settings.

Professional Values

Adhering to standards of professional conduct and practice where all business interactions are based on a foundation of integrity, honesty and impartiality.

External Forces & Industry Knowledge

Identifying and incorporating the implications of economic, social, regulatory, geo-political and business changes into the design and delivery of actuarial solutions.

Leadership

Initiating, innovating, inspiring, creating or otherwise acting to influence others regardless of level or role toward a common goal.

Relationship Management & Interpersonal Collaboration

Creating mutually beneficial relationships and work processes toward a common goal.

Technical Skills & Analytical Problem Solving

Applying the actuarial knowledge, skills and judgment required to provide value-added services.

Strategic Insight & Integration

Anticipating trends and strategically aligning actuarial practice with broader organizational business goals.

Results-Oriented Solutions

Providing effective problem solving that addresses relevant interests and needs.