Craig Pett and David Godofsky will participate in this conference sponsored by American Academy of Actuaries and the Conference of Consulting Actuaries in cooperation with the Society of Actuaries.
Craig Pett will be a featured panelist during the session, "Cash Balance - Recent Developments," March 26, 2:30pm-4:30pm. The panelists will review developments affecting cash balance and other hybrid defined benefit plans, including the proposed and final regulations issued in October 2010. The following topics will be covered during the session.
- market rates of return
- whipsaw (lump sum, annuity, and funding)
- age discrimination
- cash balance conversions
David Godofsky will be a featured presenter during the the following sessions.
"Pension Funding to Avoid Ruin" - March 26, 9:00am-10:30am. PPA leaves a wide range of funding options for sponsors of corporate and multiemployer plans, and many governmental plans have very broad discretion to determine funding levels. Should pension funding decisions directly take into account the probability of various outcomes such as unacceptable increases in future contribution requirements, ruin, or excessive funding? Panelists will offer “out of the box” thinking on information to be presented to a client, funding strategies, the connection to investment strategies, and the politics associated with funding legislation.
"Ethics" - March 26, 11:00am-12:30pm. Panelists will discuss ethical problems faced by actuaries in their everyday practices.
"Quarterly Contributions and Liquidity Shortfall" - March 26, 2:30pm-4:00pm. With almost every non-multiemployer plan subject to quarterly contributions, companies need to know both the basics and the special rules. The presenters at this session cover the who, when, and how much of quarterly contributions and liquidity shortfalls. It also covers the consequences of getting any of those answers wrong.
"More Ethics" - March 27, 11:00am-12:30pm. Panelists discuss ethical problems faced by actuaries in their everyday practices.
March 25-28, 2012
Marriott Wardman Park Hotel / Washington, DC