Free Joint SOA/CCA Webcast: Public Pension Funding Practices

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Date Oct. 8, 2014 Location This webcast takes place via the Internet. Time: Noon – 1:15 p.m. ET Joint CCA & SOA Webcast: Public Pension Funding Practices - A Discussion and Comparison of the SOA sponsored Blue Ribbon Panel on Public Pension Plan Funding report and the CCA Public Plans Community white paper, Actuarial Funding Policies and Practices for Public Pension Description: Public pension plan funding is a topic that is receiving significant attention, not only in the actuarial profession, but broadly in the public media. In 2013, to help further the dialogue on issues related to public pension plans, the Society of Actuaries commissioned a multidisciplinary blue ribbon panel to consider underfunding in public pension plans and make recommendations as to how governments can more securely fund plans going forward and improve plan management. This resulted in the Blue Ribbon Panel Report published in February 2014. Additionally in 2014, the Public Plan Community of the CCA published a white paper on Model Funding Policies for Public Plans. The paper seeks to provide a framework for actuaries and retirement boards to consider in setting funding policy. In particular it focuses on the elements and choices that need to be made when following the principles of the level cost actuarial model for public pension funding. While covering similar topics and principles, the papers also reach different conclusions in some areas. During this free webcast the speakers will discuss the respective reports, where they agree and where there are differences in conclusions. In addition, the speakers will discuss the solutions that each paper presents to the public and how their conclusions might inform future practice. Moderator and Presenters Moderator: Donald Segal, FSA, EA, FCA, MAAA Presenters: Alan Milligan, FSA, FCA, MAAA Chief Actuary, CALPERS Robert Stein, FSA, MAAA, CPA Chair Blue Ribbon Panel on Public Pension Plan Funding

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Free Joint SOA/CCA Webcast: Public Pension Funding Practices