Actuarial Issues and Policy ImplicationsActuarial Issues and ... Article from: Long-Term Care News December 2009 – Issue 24 [Editor’s ... and Policy Implications of a Federal Long-Term Care Insurance Program Dear Senator: To address increased ...
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.Hide
- Authors: Society of Actuaries, American Academy of Actuaries, P J Stallard, Steven Schoonveld
- Date: Dec 2009
- Competency: Communication>Persuasive communication; Leadership>Professional network leverage; Professional Values>Public interest representation; Strategic Insight and Integration>Influence decisions
- Publication Name: Long-Term Care News
- Topics: Actuarial Profession>Professional associations; Economics>Health economics; Long-term Care>Public financing - Long-term Care
A Summary of the Positions of Various Industry Groups with Regard to the Valuation Actuary Concept as of January 1987member on the Joint Commit tee who will serve as a direct liaison. The Conference also has formed a new ... quantt~n jump in medical care claims; very poor underwriting of mechcal care or disability coverage in ...
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.Hide
- Authors: Society of Actuaries, Application Administrator, American Academy of Actuaries
- Date: Jan 1987
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations
- Topics: Financial Reporting & Accounting>Statutory accounting; Public Policy
Notes from Intersector Meeting with IRS/Treasury – September 11, 2013you could have different approaches (e.g., health care vs. pension). 2. Late Retirement Issues We ... In 2002 when they put in gateways, they didn’t care how you got into that situation (e.g., whether ...
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.Hide
- Authors: Society of Actuaries, American Academy of Actuaries, Conference of Consulting Actuaries Board of Direct
- Date: Dec 2013
Notes from Intersector Meeting with PBGC – September 11, 2013Notes from Intersector Meeting with PBGC – September 11, 2013 Twice a year the Intersector Group ... best estimate” generally is (and should be) the primary standard for projecting benefit cuts and funding ...
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.Hide
- Authors: Conference of Consulting Actuaries Board of Direct, Society of Actuaries, American Academy of Actuaries
- Date: Dec 2013