Description: Discuss a comparison of the U.S. general and insured population mortality experience and how COVID-19 and non-COVID-19 excess deaths impacted the populations differently. Discover the population mortality experience in the UK with a focus on the recent emergence of excess deaths for non-COVID causes. The long-term implications on the insured population will also be explored. Wrap up with a discussion of different conditions of long COVID, including organ impairments.

Description: "Driving Longevity Through Educational Attainment – Robert L. Brown – Ph. D. Higher Age U.S. Mortality By Education and Cause of Death Trends, Inequality and Controllable Risk Factors – Andrew J. G. Cairns – MPA Ph.D., Maxwell Institute for Mathematical Sciences, and Department of Actuarial Mathematics and Statistics, Heriot-Watt University, Edinburgh, Scotland, UK, Cristian Redondo Lour´es, Ph.D., Actuarial Solutions,"

Description: Actuarial funding of OPEB plans is primarily a public sector phenomenon due to the different regulations and tax laws that impact private sector organizations in the US. OPEB funding started to gain momentum with the implementation of GASB Statement 45 in the mid to late 2000s.

Description: Several modern retirement arrangements, including lifetime pension pools, allow retirees to convert a single premium into income for life that varies with investment and mortality experience. It is anticipated that there will be an increase in the number of lifetime pension pools in the future. There are, nonetheless, some challenges that might slow down the potential increase in the number of lifetime pension pools. This session will present the results of recent research reports jointly sponsored by the Society of Actuaries and the Canadian Institute of Actuaries, addressing two challenges: 1. the lack of efficient and reliable ways to communicate risk to members2. the optimality of lifetime pension pool design elements. Attendees will further their understanding of these topics and how they may be applied in the future.

Description: The pandemic and other current events have greatly impacted the risks that individuals face during retirement. Join us to explore this topic as the results of the Society Actuaries 2021 Retirement Risk Survey are presented. Discover the findings regarding retirement concerns, preparedness and understanding individuals in the U.S. nearing retirement or those who are already retired. This marks the 11th iteration of this biennial survey completed through the SOA Research Institute’s Aging and Retirement Strategic Research Program.

Description: Planning for retirement is at the top of many minds. How do I save? When is the right time? What are my plans? But what are the impacts of your health on retirement? Learn more about the effects of a healthy lifestyle on retirement in order to maximize life span. Review more in-depth findings from a recent report sponsored by the SOA Research Institute’s Aging and Retirement Strategic Research Program and conducted by the Vitality Group, as well as other expert insights.

Description: The Society of Actuaries Retirement Section Research Committee sponsored a research project on the impact of megatrends and paradigm shifts on retirement, retirement plan design and funding. Various aspects - sociocultural, economic, technological, health and long-term care, environmental - were examined to provide a context of the future of retirement plans and consider some possible areas for change. Join us for interactive table discussions as together we explore major areas of change, consider what they mean to various stakeholders, and propose various alternatives for employer-sponsored plans, individuals with or without plans and society in general. Tables will take turns sharing their thoughts with all session attendees and help give the SOA direction for future efforts. This is a great opportunity for your voice to be heard and let us know what YOU think will be the future of retirement!

Description: The NAIC is attempting to transition to a new economic scenario generator. The process has been ongoing for several years and many interesting challenges have emerged along the way. Get an overview of where this transition is at and what comparatives have been established between the existing and proposed economic scenario generators through scenario releases and field testing. A significant amount of discussion and investigation has been done concerning acceptance testing for interest rates, equities and corporate bond returns.

Description: Global events have resulted in significant changes in the workforce. As companies continue to adjust to the 'new normal', what does this mean? How will employee benefits be impacted by these trends? Explore where we are today, as well as potential impacts to retirement strategies. By the end, you'll be able to describe recent workforce trends and impacts to retirement strategies as the workforce settles down.

Description: Join the IAJ (the Institute of Actuaries of Japan) as they deep dive the Japan mortality and morbidity trend impacted by COVID-19. During COVID-19, Japan experienced increasing COVID-19 patients and deteriorated morbidity trend mainly due to deemed hospitalization. This was introduced to regard the treatment under the doctors' supervision outside of the hospital as hospitalization, given shortage of hospital beds, and add accident death benefit payment triggered by COVID-19. Expect coverage on the mortality/morbidity analysis comparison in Japan, US and globally, as well as comprehensively discuss how Japanese insurers identified solutions to respond to the changing market. Also, you'll discuss consumers' needs and how more uncertainty drives them to prepare individual lifetime retirement income.