In this video, Sherry Chan, an experienced actuary, provides insights into key aspects of retirement planning. She emphasizes the importance of understanding defined benefit plans and highlights three main categories: Single Employer Plans, Multiemployer Plans (MEPs), and Public Plans. Chan discusses the significance of ERISA regulations, crucial assumptions used in actuarial calculations, and contemporary events impacting retirement planning, such as legislative acts like the Social Act and Secure 2.0 Act. She stresses the importance of adhering to Actuarial Standards of Practice and encourages exploration of emerging trends in Retire Tech, which integrates Fin Tech and Insure Tech advancements. Chan concludes by recommending further resources for in depth knowledge enhancement.
Contributors: Sherry Chan, FSA, EA< MAAA; Faith Wilson, FSA, CERA; Susan Boyle, FSA, EA, MAAA, FCA; Robert Shriver FSA, EA, MAAA, FCAS; Rebecca Janus, ASA; Jon Forster ASA, MAAA.