Description: A comment letter to policymakers produced jointly by the SOA and AAA presents findings from their actuarial analysis of the proposed CLASS Act. The analysis indicates that the proposed structure and funding approaches will be unsustainable, and will cover only a very small proportion of the intended population. The opt-out and guaranteed issue provisions of the plan pose a risk that soon the program will either need increased premiums and/or significant reductions.

Description: Contained in Appendix 4 of the 1987 Valuation Actuary Handbook, this set of articles sets forth the positions of various industry groups with regard to the valuation actuary concept as of January 1987. It consists of four sections: 4.1 – Excerpts from the Report of the Task Force on the Valuation Actuary to the ACLI Board of Directors, August 1986 4.2 – Final Report of the Joint Committee on the Role of the Valuation Actuary in the United States 4.3 – Preliminary Report to NAIC Life & Health Actuarial Task Force from Surplus & Solvency Subcommittee of NAIC Standing Technical Advisory Committee, October 9-10, 1986 and 4.4 – Draft Recommendation 7 – American Academy of Actuaries paper. Views of the American Council of Life Insurance, ‘ACLI,’ the National Association of Insurance Commissioners, ‘NAIC,’ the American Academy of Actuaries, and the Society of Actuaries are all represented. Note that the final report in 4.2 above was adopted in 1984 by the boards of both the Academy and Society, the two organizations represented on the Joint Committee.

Description: Report to describe the 2015 Valuation Basic Tables for individual life insurance products that reflect standard and preferred underwriting criteria

Description: Twice a year the Intersector Group meets with representatives of the U.S. Department of Treasury (Treasury Department) and the Internal Revenue Service (IRS) to dialogue with them on regulatory and other issues affecting pension practice. The following individuals participated in the March 13, 2013, meeting with the IRS and the Treasury Department: Tom Finnegan, Don Fuerst, Alan Glickstein, Eli Greenblum, Judy Miller, Heidi Rackley, Larry Sher, and Sarah Wright. David Goldfarb, Academy staff member supporting the Intersector Group, also attended.

Description: The American Academy of Actuaries and the Society of Actuaries have joined resources to maintain this Economic Scenario Generators Excel Workbook tool for use in regulatory reserve and capital calculations. Please see the SOA website research pages for further information on this tool and how to use it.

Description: Twice a year the Intersector Group meets with representatives of the Pension Benefit Guaranty Corporation (PBBGC) to dialogue with them on regulatory and other issues affecting pension practice. Attending from Intersector Group: Don Fuerst, Eli Greenblum, Judy Miller, John Moore, Heidi Rackley, Maria Sarli, Don Segal, Larry Sher. David Goldfarb, Academy staff member supporting the Intersector Group, also attended.

Description: Report of proposed cancer claim cost tables valuation tables. Includes documents the process used in preparing tables. Includes experience information.

Description: Twice a year the Intersector Group meets with representatives of the U.S. Department of Treasury (Treasury Department) and the Internal Revenue Service (IRS) to dialogue with them on regulatory and other issues affecting pension practice. Attending from the Intersector Group: Don Fuerst, Judy Miller, John Moore, Heidi Rackley, Maria Sarli, Don Segal, and Larry Sher. David Goldfarb, Academy staff member supporting the Intersector Group, also attended.

Description: View the FAQs for the Academy Interest Rate Generator.

Description: Twice a year the Intersector Group meets with representatives of the Pension Benefit Guaranty Corporation (PBGC) to dialogue with them on regulatory and other issues affecting pension practice. Attending from Intersector Group: Tom Finnegan, Don Fuerst, Alan Glickstein, Eli Greenblum, Judy Miller, Heidi Rackley, Larry Sher, and Sarah Wright. David Goldfarb, Academy staff member supporting the Intersector Group, also attended.