Description: This presentation is a teaching session, number 69TS, from the 2004 Spring Meeting of the Society of Actuaries, held June 14-15 in San Antonio, TX. In 2003, the SOA's Board of Governors approved a redesign of the education and examination system. The instructors present a review of the proposal, discuss the considerable progress that has been made to date with regard to implementation, and discuss the implications for actuarial education and training programs. Discussion from participants is included. From the Record of Society of Actuaries, Volume 30, No. 2.