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ENROLLED
ACTUARIES
MEETING
April 12–15, 2015
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40 Years of
Joint Sponsorship
1975 – 2015
REGISTRATION / PRELIMINARY PROGRAM
marriott wardman park hotel, washington dc
ccactuaries.org/go/eameeting
2015 EA MEETING – PAGE 2
The American Academy of Actuaries and the Conference of
Consulting Actuaries continue as joint hosts for the 40th annual
Enrolled Actuaries Meeting, April 12 – 15, 2015 at the Marriott
Wardman Park Hotel in Washington, DC. The meeting offers a
variety of panels and workshops, covering a wide range of topics
and issues relevant to Enrolled Actuaries and other pension
professionals. The meeting registration includes an exhibit of
products and services geared to Enrolled Actuaries. The exhibit hall
opens at 6:00 PM on Sunday, April 12, 2015.
rence of
Confe
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TABLE OF CONTENTS
REGISTRATION & SESSION PREFERENCE FORM.........................................................................3
REGISTRATION INFORMATION...................................................................................................5
MEETING POLICIES......................................................................................................................7
SESSIONS BY TOPIC.....................................................................................................................8
2015 ENROLLED ACTUARIES MEETING AT A GLANCE............................................................11
PROGRAM SCHEDULE...............................................................................................................12
PRE- & POST- MEETING EVENTS................................................................................................30
JOINT PROGRAM COMMITTEE & SPONSORING ORGANIZATIONS.........................................32
THE ENROLLED ACTUARIES MEETING HAS GONE GREEN
In an effort to minimize our environmental impact, and as initiated in 2014, the Enrolled Actuaries Meeting is
no longer providing paper copies of session handouts.
Attendees need to access electronic versions of meeting materials immediately prior to the meeting and during
the meeting through either the meeting app or the CCA website. Registered attendees will receive specific
instructions in advance of the meeting on how to access these materials.
If you require paper copies of handouts, you need to print your materials prior to your arrival at the Enrolled
Actuaries Meeting. Printers are available in the Marriott business office at a 20¢ a page fee to the individual.
TM
Enrolled Actuaries Meeting Registration Form
Marriott Wardman Park Hotel
April 12–15, 2015
Office Use Only:
Amount Paid
Check # ____________________________
Send both pages of this completed registration form with appropriate fee by mail or register online at ccactuaries.org/go/eameeting
PREFERRED NAME ON BADGE _________________________________________________________________
NAME _____________________________________________________________________________________
COMPANY _________________________________________________________________________________
ADDRESS ___________________________________________ CITY / STATE / ZIP ________________________
EMAIL ______________________________________________ WORK PHONE __________________________
REGISTRATION MEETING FEE
FEE
(Includes Luncheons and Tuesday Evening Reception)
ACADEMY & CONFERENCE MEMBERS ONLY RATE
$920
Purchased online or postmarked by December 31, 2014
Please complete the registration and session
preference form and return it with the
appropriate fee (payable in
US funds) to:
Conference of Consulting Actuaries
3880 Salem Lake Drive, Suite H
Long Grove, IL 60047-5292
Registration forms received without payment
will not be processed until payment is
received.
based on
Payments received by mail are
US Postal Service postmark dates.
EARLY BIRD REGISTRATION
REGULAR REGISTRATION
Purchased online or postmarked after January 31, 2015
$1,100
Purchased online or postmarked after February 28, 2015
$1,300
Purchased online or postmarked after April 3, 2015
$1,400
On-site (based on availability)
$1,500
I require a special meal:
Tuesday Luncheon Kosher _______
All Kosher meal registrations must
be received by 2/27/2015
SESSION
RECORDINGS &
HANDOUTS
accommodations to participate in the
meeting, please state the accommodation
that you require below:
$125
Super Gray Book CD-ROM Vol. 2 (2010–2015)
$125
Gray Book Update (2015)
$75
Session Recordings on CD-ROM for Attendees
(*Preregistered attendees only)
$225
* Session Recordings are provided at $225 to meeting
attendees at the time of registration only.
SEMINAR
REGISTRATION
* Registrations received four
business days before seminar
are an additional $75.
The sponsors operate the Enrolled Actuaries
Meeting in compliance with the requirements
of the Americans With Disabilities Act.
If you are disabled and require any
Super Gray Book CD-ROM Vol. 1 (1990–2009)
Session Handouts on CD-ROM
(For persons not registered for the meeting)
Monday Luncheon Vegetarian ____
Tuesday Luncheon Vegetarian _____
$1,000
Purchased online or postmarked no later than January 31, 2015
GRAY
BOOK
Monday Luncheon Kosher _ ______
LINE
TOTAL
Professional
Standards Seminar
HEALTH REFORM
MEETING
Actuary Rate
$175
Conference
Member
EA Mtg
Attendee
All Other
Participants
$220
$250
$300
Before
4/1/2015
4/1/2015 to
4/14/2015
After
4/14
$450
$550
$700
ACCOMPANYING Monday Luncheon
$85/per person Qty ___ Kosher $125/per person Qty ___
PERSONS /
GUEST FEE
Tuesday Luncheon
_________________________________
$70/per person Qty ___ Kosher $125/per person Qty ___
_________________________________
Tuesday Evening Reception $110/per person Qty ___
_________________________________
By registering for a CCA-sponsored event, you acknowledge that you
have read and agree to be bound by the applicable cancellation policy.
www.ccactuaries.org/go/eameeting
Total $______
SESSION PREFERENCE FORM
Please indicate the session you would like to attend by writing a number 1, 2, and 3 in each time slot
for your first, second, and third choice. You will be given your first choice where space is available.
Monday, April 13
9:00 – 10:30 AM
________ 001 (C/NC)
Tuesday, April 14
8:45 – 10:30 AM
________ 002 (C)
11:00 AM–12:30 PM
________ 101 (C/NC)
________ 102 (NC)
________ 103 (NC)
________ 104 (C)
________ 105 (NC)
________ 106 (C)
________ 107 (C)
________ 108 (C)
11:00 AM – 12:30 PM
________ 401 (C)
________ 402 (C)
________ 403 (C)
________ 404 (C)
________ 405 (NC)
________ 406 (C)
________ 407 (C)
________ 408 (NC)
2:30 – 4:00 PM
________ 201 (C)
________ 202 (C)
________ 203 (C/NC)
________ 204 (C)
________ 205 (NC)
________ 206 (C)
________ 207 (C)
________ 208 (C)
2:00 – 3:30 PM
________ 501 (NC)
________ 502 (C)
________ 503 (C)
________ 504 (C)
________ 505 (C/NC)
________ 506 (NC)
________ 507 (C)
________ 508 (C)
4:30 – 5:45 PM
________ 301 (C)
________ 302 (C/E)
________ 303 (C)
________ 304 (NC)
________ 305 (NC)
________ 306 (C)
________ 307 (C)
________ 308 (NC)
4:00 – 5:30 PM
________ 601 (C)
________ 602 (C/E)
________ 603 (NC)
________ 604 (C)
________ 605 (NC)
________ 606 (C)
________ 607 (NC)
________ 608 (C)
www.ccactuaries.org/go/eameeting
Wednesday, April 15
8:00 – 9:15 AM
________ 701 (C)
________ 702 (C)
________ 703 (C)
________ 704 (C)
________ 705 (NC)
________ 706 (C)
________ 707 (C)
9:45 – 11:00 AM
________ 801 (C)
________ 802 (NC)
________ 803 (NC)
________ 804 (NC)
________ 805 (NC)
________ 806 (C)
________ 807 (C/NC)
________ 808 (NC)
11:15 AM–12:45 PM
________ 003 (NC)
PRE- AND POSTMEETING EVENTS
4/12/2015
Professional Standards /
Ethical Dilemmas Seminar
4/15-16/2014
2015 CCA Health
Reform Meeting
2015 EA MEETING – PAGE 5
REGISTRATION
INFORMATION
REGISTRATION RATES
ACADEMY & CONFERENCE MEMBERS ONLY RATE
Purchased online or postmarked by December 31, 2014
$920
EARLY BIRD REGISTRATION
Purchased online or postmarked no later than January 31, 2015
$1,000
REGULAR REGISTRATION
Purchased online or postmarked after January 31, 2015
$1,100
Purchased online or postmarked after February 28, 2015
$1,300
Purchased online or postmarked after April 3, 2015
$1,400
On-site (Based on availability)
$1,500
The registration fee covers the educational sessions, program materials, three continental breakfasts, two
luncheons, the Tuesday evening reception and access to the exhibit hall.
Checks should be made payable to Conference of Consulting Actuaries.
Registrations including appropriate payment must be postmarked or purchased online by the above listed cut-off
dates for the listed fee to apply. Registrations are not processed or considered received unless accompanied by the
appropriate registration fee.
Please contact the CCA office at 847-719-6500 if you need any additional information.
Online registration with Visa, MasterCard or American Express available immediately at: www.ccactuaries.org
HOTEL INFORMATION
REGISTRATION MATERIAL
Friday, March 20, 2015 is the cutoff date for making
hotel reservations in the EA Meeting room block.
Reservations are accepted at the Marriott Wardman
Park Hotel by telephone at 877-212-5752*.
Your EA Meeting registration includes a printed copy of
the 2015 “Gray Book” and a CD of all session outlines
received from presenters by the appropriate deadline
before the meeting. Non-attendees may also
purchase the session outline CD at $175 per copy.
You may also book your room online at:
http://www.ccactuaries.org/go/eahotel
*When making reservations by telephone, be sure
to identify yourself as a participant in the Enrolled
Actuaries Meeting to receive the meeting group rate at
Marriott. The following hotel rates apply: $299 (single/
double).
SESSION RECORDINGS
Unless otherwise noted, most EA sessions are recorded.
2015 session recordings are on MP3 encoded CDs
and include well over 70 hours of content. You
can purchase a set of this useful resource with
or without meeting registration, on or before
April 3, 2015, for only $225.
2015 EA MEETING – PAGE 6
THE GRAY BOOK
Released at the annual Enrolled Actuaries Meeting, the
“Gray Book” is an essential compendium of questions
from actuaries and answers from the IRS, with a
searchable index to the entire twenty-five-year set.
The Super Gray Book consists of two volumes of
materials. Each volume is available for $125 per copy.
• Volume One contains the materials released
between 1990 and 2009.
• Volume Two contains the materials released after
2009, including the new 2015 materials.
If you bought last year’s “Super Gray Book,” you may
purchase the Gray Book Update CD-ROM with 2015
materials and an updated index for $75 per copy.
Please check the appropriate box on the registration
form and include proper payment.
REGISTRATION FEE CANCELLATION/
REFUND POLICY
All meeting cancellation requests must be made in
writing. Written requests received by January 31,
2015 receive the full meeting registration fee minus
a $125 processing fee. After January 31, but prior to
February 28, 2015, the meeting cancellation refund
is one-half of the total registration fee paid. Refunds
are not given on any other items. After February 28,
2015, no refunds are available. Meeting registrations
may be transferred to another individual in the same
company, but all of these requests must be made in
writing by the company or individual that made the
initial payment.
Written meeting cancellation requests should be sent
to the Enrolled Actuaries Meeting, c/o Conference
of Consulting Actuaries, 3880 Salem Lake Drive,
Suite H, Long Grove, IL 60047-5292, or via e-mail to
eameeting@ccactuaries.org. Eligibility for refunds is
determined by the official US Postal Service postmark
date or e-mail receipt date in our office. Refunds are
processed by May 31, 2015.
MEETING CANCELLATION POLICY
In the event the Enrolled Actuaries Meeting is canceled
due to unforeseen circumstances beyond the control
of its sponsors (i.e. fire, strikes, terrorist attacks, acts of
God, etc.), all refunds exclude charges for prepaid fixed
expenses.
2015 EA MEETING – PAGE 7
MEETING POLICIES
ANTITRUST POLICY
NOTICE ON CPE CREDITS
Professional societies are subject to federal and state
antitrust laws, and must constantly monitor their
activities to ensure continued compliance with all
antitrust regulations. This policy is published to: (1)
inform the participants of the Enrolled Actuaries
Meeting of the purpose of antitrust laws; (2) provide
guidance to compliance at all meetings sponsored
by the American Academy of Actuaries and the
Conference of Consulting Actuaries; and (3) emphasize
the intent of the American Academy of Actuaries and
the Conference of Consulting Actuaries, through their
Boards of Directors, to adhere to the law.
The credit designations for EA Credits are based on
the Committee’s interpretation of the CPD regulations.
A final determination of EA Credits is subject to the
approval of the Joint Board for the Enrollment of
Actuaries.
THE PURPOSE OF ANTITRUST LAWS
The antitrust laws prohibit any concerted activity or
combination of competitors from interfering with free
competition. In other words, the primary thrust of the
law is to control private economic power by protecting
competition. Persons and organizations are prohibited
from engaging in any action which unreasonably
restrains commerce or trade (i.e., competition). Per
se violations (practices presumed to be inherently
wrong regardless of the motivating factors) include:
agreements to fix or stabilize prices, to divide markets,
to allocate production, or to impose boycotts. In
essence, any concerted action that significantly
diminishes rivalry among competing firms.
FULL SESSIONS
Sessions are filled on a first-come, first-served basis as
complete registrations are received.
OVERCROWDING
In the event of overcrowding, the Joint Sponsors (the
American Academy of Actuaries and the Conference of
Consulting Actuaries) reserve the right to request that
individuals not confirmed as preregistered for a session
attend a different session that is not overcrowded.
GUESTS
Guest luncheon tickets must be purchased either when
attendee is submitting registration, or if available, a
limited number of tickets may be sold onsite at the
registration desk.
The specific requirements for continuing education
are published by the Joint Board for the Enrollment
of Actuaries. The Committee has taken all steps
reasonably necessary and appropriate to ensure that
the sessions presented at the 2015 Enrolled Actuaries
Meeting meet the requirements set forth by the
Joint Board. We caution, however, that we cannot
guarantee attendees that each session presented will
earn credit under the Joint Board’s program, either
as core or noncore, inasmuch as that determination
ultimately rests with the Joint Board for the Enrollment
of Actuaries.
We do not give incremental credits for any sessions.
PHOTOGRAPHY AND
VIDEOGRAPHY POLICY
In consideration for your opportunity to attend this
CCA-hosted meeting, any ancillary seminars and
the jointly sponsored luncheon, your registration
constitutes your consent to CCA’s use of your
image and likeness or voice for educational and/or
promotional purposes. By registering to attend, you
release CCA, its employees, agents, successors and
assigns, from any and all claims which may arise out of
participation in a photo or video shoot and the use of
your photograph, video and/or likeness. 2015 EA MEETING – PAGE 8
SESSIONS BY TOPIC
SESSION
NUMBER(S)
Accounting
308
408
505
508
607
SESSION
Issues
Basics of Accounting
Hot Topics in Accounting
Into the Future – Selecting Investment Return Assumptions
Postemployment Plan Accounting
IAS 19R
CREDIT
DESIGNATION
NC
NC
C/NC
C
NC
Assumptions
Working With the New Mortality Tables
406
Plan Specific Mortality and Credibility
701
C
C
Beyond Corporate Retirement Plans
CSEC and ECP: The Similarities, the Differences and the Rules
108
Multiple Employer Plans
504
C
C
Compliance
104
204
208
301
401
404
604
704
801
C
C
C
C
C
C
C
C
C
Issues
Fiduciary Responsibility
New Hybrid Regulations
Fixing Plan Administrator Errors: Right/Wrong/Practical
QDROs
Discussion of IRS Gray Book Questions and Answers
New Hybrid Regulations
Advanced Benefit Administration
Update from the DOL
Dialogue With the IRS/Treasury
Defined Contribution Issues
Lifetime Income Options
603
Funding and Schedule B Issues
PPA Funding Basics
306
HATFA
702
Schedule SB–Form and Attachments
706
NC
C
C
C
2015 EA MEETING – PAGE 9
SESSION
NUMBER(S)
SESSION
Health and Welfare
ACA Update for Pension Actuaries
506
ASOP 6 and Effect on OPEB Plans
808
Investment
103
203
804
Issues
Potpourri of Investment Topics
Settling Pension Liabilities
Investment Basics for Pension Actuaries
Multiemployer Issues
Multiemployer Plans-Life Beyond PPA
106
Assumptions and Methods for Multiemployer Plans
206
Multiemployer Plans–Withdrawal Liability
606
Multiemployer–Plans Workshop
806
New Rulings/Development
Late Breaking Developments
101
Litigation Affecting DB Plans
201
Impact of Hybrid Regulations on Small Plans and Plans
707
Covering Self-employed Individuals and Partners
Non-discrimination Issues
Nondiscrimination Testing Strategies for Large Plans
207
Nondiscrimination Testing Strategies for Smaller Plans and
307
Partnerships
Non-qualified Plans
Actuarial Issues With Non-qualified Deferred Compensation
102
FICA and Early Inclusion
501
PBGC/Plan Termination Issues
Dialogue With and Update From the PBGC
303
Standard and Distress Terminations
403
Section 4044 Allocation of Assets
703
Plan Design
304
502
503
601
Issues
Retirement for the AGES
Variable Annuity Plans
Cash Balance Design for Larger Plans
Early Retirement Windows
CREDIT
DESIGNATION
NC
NC
NC
C/NC
NC
C
C
C
C
C/NC
C
C
C
C
NC
NC
C
C
C
NC
C
C
C
2015 EA MEETING – PAGE 10
SESSION
NUMBER(S)
SESSION
CREDIT
DESIGNATION
Professionalism and Policy
ASB Standards for Pension Actuaries
202
Ethical Dilemmas I
302
New ASOPs
402
Ethical Dilemmas II
602
Dialogue With the Joint Board
608
C
C/E
C
C/E
C
Public Plans
GASB Statements 67 and 68: Where Are We Now?
105
GASB Exposure Draft on OPEB Liabilities
205
Discount Rate
305
Views on Public Plans for Non-Public Plan Actuaries
405
Public Plan Funding Policies
605
Risk Metrics and Disclosures for Public Plans
705
Public Employee Retirement System Workshop
805
NC
NC
NC
NC
NC
NC
NC
Retirement/Consulting Issues
Corporate In-house Actuaries
802
Recent SOA Research and its Application to Pension
803
Actuaries
NC
NC
Small Plan Issues
End of Year Valuations
107
Small Plans: DB Plans With Surplus Assets
407
Small Plan Gotchas
507
Small Plan Workshop
807
C
C
C
C/NC
General Sessions
Washington Update
001
The ERISA Uncertainty Principle (Heisenberg’s ERISA)
002
Communicating Risk
003
C/NC
C
NC
Code Designations
A schedule of all sessions is in this brochure. Code designations have been added
for guidance in selecting sessions by anticipated CPE credit. The key is as follows:
C = EA Core •
NC = EA Noncore •
E = EA Ethics
2015 ENROLLED ACTUARIES MEETING AT A GLANCE
APRIL 12 – 15 • Marriott Wardman Park • Washington, DC
M O N D A Y, A P R I L 1 3
T U E S D A Y, A P R I L 1 4
001
002
9:00–10:30 AM
WASHINGTON UPDATE
11:00 AM–12:30 PM
Track #1
W E D N E S D A Y, A P R I L 1 5
003
8:45–10:30 AM
THE ERISA UNCERTAINTY PRINCIPLE (HEISENBERG’S ERISA)
2:30–4:00 PM
Track #2
4:30–5:45 PM
Track #3
11:00 AM–12:30 PM
Track #4
2:00–3:30 PM
Track #5
11:15 AM–12:45 PM
COMMUNICATING RISK
4:00–5:30 PM
Track #6
8:00–9:15 AM
Track #7
9:45–11:00 AM
Track #8
101
201
301
401
501
601
701
801
102
202
302
402
502
602
702
802
103
203
303
403
503
603
703
803
104
204
304
404
504
604
704
804
105
205
305
405
505
605
705
805
106
206
306
406
506
606
706
806
107
207
307
407
507
607
707
807
108
208
308
LATE BREAKING
DEVELOPMENTS
LITIGATION AFFECTING QDROS
DB PLANS
ACTUARIAL ISSUES WITH
NON-QUALIFIED DEFERRED
COMPENSATION
POTPOURRI OF
INVESTMENT TOPICS
SETTLING PENSION
LIABILITIES
FIDUCIARY RESPONSIBILITY
GASB STATEMENTS 67 AND
68: WHERE ARE WE NOW?
MULTIEMPLOYER PLANS
LIFE BEYOND PPA
END OF YEAR VALUATIONS
CSEC AND ECP: THE
SIMILARITIES, THE
DIFFERENCES AND THE
RULES
EA Core
ASB STANDARDS FOR
PENSION ACTUARIES
NEW HYBRID
REGULATIONS
GASB EXPOSURE
DRAFT ON OPEB
LIABILITIES
ASSUMPTIONS &
METHODS FOR MULTIEMPLOYER PLANS
NONDISCRIMINATION
TESTING STRATEGIES
FOR LARGE PLANS
FIXING PLAN
ADMINISTRATOR
ERRORS: RIGHT/
WRONG/PRACTICAL
EA Noncore
Core AND
Noncore
DISCUSSION OF IRS GRAY
BOOK QUESTIONS AND
ANSWERS
ETHICAL DILEMMAS I
DIALOGUE WITH AND
UPDATE FROM THE PBGC
RETIREMENT FOR THE
AGES
DISCOUNT RATE
PPA FUNDING BASICS
NONDISCRIMINATION
TESTING STRATEGIES FOR
SMALLER PLANS AND
PARTNERSHIPS
BASICS OF ACCOUNTING
NEW ASOPS
STANDARD AND
DISTRESS TERMINATIONS
NEW HYBRID
REGULATIONS
VIEWS ON PUBLIC PLANS
FOR NON-PUBLIC PLAN
ACTUARIES
WORKING WITH THE
NEW MORTALITY TABLES
SMALL PLANS: DB PLANS
WITH SURPLUS ASSETS
408
HOT TOPICS IN
ACCOUNTING
Expected Govt Speaker
Professionalism
FICA AND EARLY
INCLUSION
EARLY RETIREMENT
WINDOWS
VARIABLE ANNUITY
PLANS
ETHICAL DILEMMAS II
CASH BALANCE
DESIGN FOR LARGER
PLANS
LIFETIME INCOME
OPTIONS
MULTIPLE EMPLOYER
PLANS
INTO THE FUTURE
– SELECTING
INVESTMENT RETURN
ASSUMPTIONS
ACA UPDATE FOR
PENSION ACTUARIES
SMALL PLAN
GOTCHAS
508
POSTEMPLOYMENT
PLAN ACCOUNTING
Ethics
ADVANCED BENEFIT
ADMINISTRATION
PUBLIC PLAN
FUNDING POLICIES
MULTIEMPLOYER
PLANS–WITHDRAWAL
LIABILITY
IAS 19R
PLAN SPECIFIC
MORTALITY AND
CREDIBILITY
HATFA
CORPORATE
IN-HOUSE
ACTUARIES
SECTION 4044
ALLOCATION OF
ASSETS
UPDATE FROM
THE DOL
RISK METRICS AND
DISCLOSURES FOR
PUBLIC PLANS
SCHEDULE SB–FORM
AND ATTACHMENTS
IMPACT OF HYBRID
REGULATIONS ON
SMALL PLANS...
608
New Rulings
RECENT SOA
RESEARCH & ITS
APPLICATION TO
PENSION ACTUARIES
INVESTMENT BASICS
FOR PENSION
ACTUARIES
PUBLIC EMPLOYEE
RETIREMENT
SYSTEM WORKSHOP
MULTIEMPLOYER
PLANS WORKSHOP
SMALL PLAN
WORKSHOP
808
DIALOGUE WITH THE
JOINT BOARD
Small Plan
DIALOGUE WITH THE
IRS/TREASURY
ASOP 6 AND EFFECT
ON OPEB PLANS
Public Plans
Multi Plan
2015 EA MEETING – PAGE 12
PROGRAM SCHEDULE
Sunday, April 12
developments that occur shortly before the meeting.
The speakers may address rulings, regulations, litigation, and other exciting news. (Note that the allocation
between core and noncore credit depends on the final
actual content of the session.)
OPENING EXHIBIT HALL RECEPTION
6:00 – 7:00 PM
SPEAKERS:
Monday, April 13
1. Kent A. Mason – Davis & Harman LLP
2. Eric A. Keener – Aon Hewitt
CONTINENTAL BREAKFAST
SESSION 102
8:00–9:00 AM
Actuarial Issues With Non-qualified
Deferred Compensation
GENERAL SESSION 001
9:00–10:30 AM
Washington Update
EA Core 0.90 EA Noncore 0.90 CPD 1.80
We have a new Congress. The last Congress gave us
PBGC premium increases, the Cooperative and Small
Employer Charity Act, and an extension of the MAP21 pension smoothing. What can we expect now?
What surprises might arise? Come hear a panel of
Washington insiders discuss what is hot, what is cold,
why we got what we got, and the possibilities for this
year and next.
SPEAKERS:
1. James E. Holland Jr. – Cheiron, Inc.
2. Earl Pomeroy – Alston & Bird, LLP
3. Jan Jacobson – American Benefits Council
4. Judy A. Miller – ASPPA
BREAK–EXHIBIT HALL A
10:30–11:00 AM
TRACK 1
SPEAKERS:
11:00 AM–12:30 PM
2. David Scharf – Buck Consultants, A Xerox Company
T S PE
R
E
D
GO
R
VERNM
EN
KE
Late Breaking
Developments
1. Peter J. Neuwirth – Towers Watson
A
SESSION 101
EA Noncore 1.80 CPD 1.80
Many large companies in the US sponsor non-qualified deferred compensation (NQDC) plans for at least
some of their executives. As more companies shift their
qualified pension plan designs from defined benefit
(DB) to defined contribution (DC) and cash balance,
NQDC plans are becoming a more important source of
retirement income for key employees. As these plans
grow, so do their liabilities. And unlike qualified DC
plans, these liabilities are unfunded corporate promises
and, as such, are having an increasing impact on many
companies’ financial statements. Historically, actuaries
have not been typically involved with valuing these
liabilities, but they should be. NQDC liabilities are complex to value, extremely volatile, and difficult to manage. Counter intuitively, they are also often of longer
duration than defined benefit liabilities. In this session,
the presenters discuss current trends in Plan design as
well as explore the nature of NQDC liabilities from an
actuarial perspective discussing traditional and not so
traditional ways companies are finding to manage the
impact of the NQDC plans on company financial statements and cash flow.
EQUES
EA Core 0.90 EA Noncore 0.90 CPD 1.80
Panelists review the new guidance
from the past year, with special focus on important
T
2015 EA MEETING – PAGE 13
SPEAKERS:
1. R. Evan Inglis – Nuveen Asset Management
2. Joseph N. McDonald – Aon Hewitt
SESSION 104
Fiduciary Responsibility
EA Core 1.80 CPD 1.80
The presenters at this session cover how ERISA defines
a fiduciary, and typical fiduciary roles and responsibilities in defined benefit and defined contribution plan
governance and administration. Also covered is how
to effectively manage fiduciary risk and how to avoid
inadvertently becoming a fiduciary. Presenters may also
review court decisions illustrating issues concerning
ERISA fiduciary matters.
D
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GASB Statements 67 and
68: Where Are We Now?
RE
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EA Noncore 1.80 CPD 1.80
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GASB statements 67 and 68 are still
being implemented. Come hear a panel of experts
discuss issues that have arisen and solutions that are
known. Bring your own issues and questions to discuss
with the panel. (This session is not recorded.)
E
EA Noncore 1.80 CPD 1.80
What’s next in risk management for your pension plan
sponsor? The speakers explore a variety of current
investment topics related to pension risk management
and immunization: glide path strategies and demographic-based investing, effective immunization implementation including necessary changes in methods,
longevity hedging instruments, and insurance company
portfolio construction.
T S PE
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Potpourri of Investment Topics
EN
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SESSION 105
A
SESSION 103
VERNM
Monday, April 13
SPEAKERS:
1. Stephen T. McElhaney – Cheiron, Inc.
2. Scott A. Reeser – Governmental Accounting
Standards Bd.
3. James J. Rizzo – Gabriel Roeder Smith & Company
4. Ira G. Kastrinsky – Deloitte Consulting LLP
SESSION 106
Multiemployer Plans
Life Beyond PPA
Speakers:
EA Core 1.80 CPD 1.80
The earliest expiration of selected provisions of the
Pension Protection Act of 2006 (PPA) was December
31, 2014. That was fully three months before this
meeting. Attend this session to learn what has happened relative to this legislation and the likelihood of
additional changes.
1. Ellen L. Kleinstuber – The Savitz Organization
SPEAKERS:
2. William Belanger – Towers Watson
1. Diane M. Gleave – Segal Consulting
3. Tom Toale – Mercer
2. Joshua A. Shapiro – NCCMP
3. James J. Donofrio – Pension Benefit Guaranty Corp.
2015 EA MEETING – PAGE 14
Monday, April 13
SESSION 107
End of Year Valuations
EA Core 1.80 CPD 1.80
PPA 2006 permits small plans to have valuation dates
other than the first day of the plan year. HATFA has
clarified the application of the segment rates to end
of year valuations. Presenters focus on the challenges
posed in determining AFTAPs and maintaining credit
balances. They also address how to complete certain
items on Schedule SB.
SPEAKERS:
1. Lawrence Deutsch – Larry Deutsch Enterprises
2. Karen Dillman Sebach – Sebach & Associates Inc.
Session 108
CSEC and ECP: The Similarities,
the Differences and the Rules
EA Core 1.80 CPD 1.80
2014 brought a new law for Cooperatives and Small
Employer Charity plans (CSEC) and Eligible Charity
Plans (ECP). Presenters cover what the funding rules are
under each and invite participants to share questions
and experiences.
SPEAKERS:
1. Susan L. Breen-Held – Principal Financial Group
2. Laura K. Roos – Towers Watson
LUNCHEON–MARRIOTT BALLROOM
12:30–2:15 PM
TRACK 2
2:30–4:00 PM
SESSION 201
Litigation Affecting DB Plans
EA Core 1.80 CPD 1.80
The panel reviews recent court decisions affecting
defined benefit plans and pension actuaries.
SPEAKERS:
1. David R. Godofsky – Alston & Bird, LLP
2. Gregory C. Braden – Morgan, Lewis & Bockius LLP
3. Alex M. Brucker – Brucker & Morra
SESSION 202
ASB Standards for
Pension Actuaries
EA Core 1.80 CPD 1.80
A lot of time is spent worrying about limits placed on
our professional judgment by outside bodies – IRS,
FASB, PBGC, etc. If you’re looking for an overview of
the ASB’s standards affecting pension actuaries issued
by our profession, this session is for you! Any new
standards or exposure drafts issued during the year are
included; however, additional details are discussed in
Session 402.
SPEAKERS:
1. Mita Drazilov – Gabriel Roeder Smith & Company
2. Christopher F. Noble – Towers Watson
3. Thomas D. Levy – Segal Consulting
MONDAY LUNCHEON
ENTERTAINMENT: TBA
4. Sheila Kalkunte – American Academy of Actuaries
2015 EA MEETING – PAGE 15
SPEAKERS:
1. Anna C. Budnik – Towers Watson
3. Megan Nichols– Aon Hewitt
1. Stephen T. McElhaney – Cheiron, Inc.
2. Scott A. Reeser – Governmental Accounting
Standards Bd.
NT S PE
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New Hybrid Regulations
VERNM
SPEAKERS:
E
D
E
GO
EA Core 1.80 CPD 1.80
RE
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The panelists provide an overview of
QUES
the second round of final and proposed
regulations issued in September, including open issues
and a discussion of actions likely to be taken by plan
sponsors in response.
SPEAKERS:
1. Michael F. Pollack – Towers Watson
2. Lawrence J. Sher – October Three LLC
3. Thomas J. Finnegan – The Savitz Organization
D
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EA Noncore 1.80 CPD 1.80
QUES
The Government Accounting Standards
Board (GASB) first issued statements 67 and 68 with
respect to pension plans. Now GASB has issued an
exposure draft on OPEB liabilities that has similarities
and differences from statements 67 and 68. Come
hear a panel discuss the proposed GASB statements for
OPEB liabilities and the issues and questions that have
arisen. (This session is not recorded.)
2. Margaret G. McDonald – Prudential Financial
SESSION 204
GO
GASB Exposure Draft on
OPEB Liabilities
EA Core .90 NonCore .90 CPD 1.80
So your client wants to settle their pension liabilities. The speakers on this panel examine the decision
considerations between using lump sum cashouts or
annuities. They discuss anti-selection, legal and compliance issues. Also the panel looks at lump sum cashout
implementation steps, communications strategies, and
recent plan sponsor experience.
T S PE
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Settling Pension Liabilities
EN
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SESSION 205
A
SESSION 203
VERNM
Monday, April 13
SESSION 206
Assumptions and Methods
for Multiemployer Plans
EA Core 1.80 CPD 1.80
Unlike single-employer plans, the assumptions and
methods used for multiemployer plans are not prescribed. Actuaries still have ultimate responsibility for
choosing all of the assumptions for multiemployer
plans. In addition to typical assumptions like mortality,
interest, disability, withdrawal and retirement incidence, there are other assumptions that are important
to multiemployer plans. The speakers at this session
review the “routine” assumptions and funding methods available. They also cover those assumptions that
are particularly important to multiemployer plans.
SPEAKERS:
1. Kevin Culp – Horizon Actuarial Services, LLC
2. Abby Kendig – Milliman Inc.
2015 EA MEETING – PAGE 16
Monday, April 13
SESSION 207
Nondiscrimination Testing
Strategies for Large Plans
EA Core 1.80 CPD 1.80
Complex coverage and nondiscrimination rules under
IRC Sections 401(a)(26), 401(a)(4), 410(b), and 414(s)
affect most larger plan sponsors. The compliance
experts leading this session discuss specific testing
strategies that may be helpful when testing larger
plans. Topics covered may include cross-testing, testing
multiple plans, benefits rights and features, permissive
aggregation, and special issues with respect to closed
or frozen defined benefit plans.
This is an advanced session; attendees are assumed to
be familiar with the basic rules of these IRC sections.
SPEAKERS:
1. Rich Martin – Principal Financial Group
2. Claudia Baxter – Towers Watson
3. Gene Bryant Fife
SESSION 208
Fixing Plan Administrator Errors:
Right/Wrong/Practical
EA Core 1.80 CPD 1.80
To err is human; to forgive, regulatory. However, for
some common errors, the issues go beyond Voluntary
Correction Program (VCP) or Self-correction Program
(SCP). Forgiveness from IRS and DOL may not protect
you from lawsuits, employee problems, practical issues
and other risks. There may also be situations where
non-standard corrections are warranted and accepted
by the agencies. Our panelists discuss errors you have
probably had to deal with, review the standard corrections and other ways of dealing with them, and the
issues you should consider.
SPEAKERS:
1. James E. Turpin – The Turpin Consulting Group, Inc.
2. Althea R. Day – Morgan, Lewis & Bockius LLP
3. Curtis S. Morgan – Towers Watson
BREAK–EXHIBIT HALL A
4:00–4:30 PM
TRACK 3
4:30–5:45 PM
SESSION 301
QDROs
EA Core 1.50 CPD 1.50
When is a DRO just a DRO and when is it a QDRO?
The speakers review past and current developments
regarding Qualified Domestic Relations Order (QDROs),
including features of good and bad QDROs, DOL
Guidance and ASB standards and model provisions. In
addition, the panelists address how to work with one
or both parties to a divorce, their attorneys and plan
administrators regarding issues and problems that are
confronted in the course of completing the QDRO process, issues arising in QDRO drafting and administration, such as separate interest versus shared payment,
measurement date, actuarial assumptions, early retirement subsidies, pre- and post-retirement death benefits, and forms of payment for the Alternate Payee.
SPEAKERS:
1. James E. Turpin – The Turpin Consulting Group, Inc.
2. Tamara Lynn Bradshaw – Towers Watson
SESSION 302
Ethical Dilemmas I
EA Core/Ethics 1.50 CPD 1.50
In this highly interactive session, panelists and audience
members debate solutions to three difficult ethical situations faced by actuaries in their day-to-day practice,
including conflicts of interest, selection of assumptions,
disagreeable clients, and disagreements with the prior
actuary.
SPEAKERS:
1. Paul B. Zeisler –
Buck Consultants, A Xerox Company
2. David R. Godofsky – Alston & Bird, LLP
2015 EA MEETING – PAGE 17
Monday, April 13
SESSION 306
T S PE
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Dialogue With and
Update From the PBGC
VERNM
SESSION 303
E
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EA Core 1.50 CPD 1.50
QUES
A panel of PBGC representatives provides
an overview of recently published PBGC guidance,
highlights from this year’s Blue Book, the premium rules
and other issues of interest to actuaries. There is plenty
of time for questions from the audience. Participants
are encouraged to come prepared to discuss issues
related to a PBGC topic.
PPA Funding Basics
EA Core 1.50 CPD 1.50
This session is a good refresher on the basic funding
rules including minimum required funding and maximum deductible contributions. MAP-21 and Highway
and Transportation Funding Act of 2014 (HATFA)
interest rates and at-risk calculations are included in the
content covered in this session. (Basic HATFA rules are
covered in session 702).
SPEAKERS:
1. Linda M. Kirk – Principal Financial Group
1. David Woodmansee Jr. –
MassMutual Life Insurance Company
2. Representative – Pension Benefit Guaranty Corp.
2. Michael B. Hanley – Towers Watson
SESSION 304
SESSION 307
SPEAKERS:
Retirement for the AGES
EA Noncore 1.50 CPD 1.50
Retirement for the AGES provides a framework for
evaluating the strengths and shortcomings of retirement systems, both existing and proposed. The framework is based on four key principles – alignment,
governance, efficiency and sustainability. During this
session, the speakers review the principles and their
application to specific retirement systems.
SPEAKERS:
1. Donald E. Fuerst – American Academy of Actuaries
2. Anne M. Button – Department of Energy
3. Andrea T. Sellars
SESSION 305
Discount Rate
EA Noncore 1.50 CPD 1.50
With the new GASB Accounting Statements, public
plans may need a different discount rate for funding
and accounting. The presenters at this session address
the selection, validation, and disclosure of the discount
rate used for measurements under different purposes
for public plans.
SPEAKERS:
1. Daniel J. White – Gabriel Roeder Smith & Company
2. James J. Rizzo – Gabriel Roeder Smith & Company
Nondiscrimination Testing
Strategies for Smaller Plans
and Partnerships
EA Core 1.50 CPD 1.50
For smaller employers and partnerships, plan design
and nondiscrimination testing go hand in hand. Often
plan design is driven by maximizing the benefits for
owners and other key employees while maintaining
compliance with the complex nondiscrimination testing
rules. Our panel of experts in nondiscrimination testing
strategies share their insights and tips to help you work
with your clients to design an optimal program to meet
their objectives.
SPEAKERS:
1. Thomas J. Finnegan – The Savitz Organization
2. Sarah Wright – October Three LLC
2015 EA MEETING – PAGE 18
Monday, April 13
SESSION 308
Basics of Accounting
EA Noncore 1.50 CPD 1.50
Overview of accounting rules and calculations for pension and other post-relevant medical plans. This session
is introductory and focuses on the basics under ASC
715.
SPEAKERS:
1. Karla Brocker – Deloitte Consulting LLP
2. Gordon A. Young – Towers Watson
WELCOME RECEPTION
EXHIBIT HALL A
5:45–7:30 PM
2015 EA MEETING – PAGE 19
Tuesday, April 14
Tuesday, April 14
CONTINENTAL BREAKFAST
8:00–8:45 AM
GENERAL SESSION 002
8:45–10:30 AM
The ERISA Uncertainty Principle
(Heisenberg’s ERISA)
EA Core 1.80 CPD 1.80
An ultra-fast look at the uncertainties in the fundamental particles of ERISA. Absence of authority and
conflicts between statutes, regulations, rulings, judicial
decisions, gray book and soft guidance, speeches,
common practice and what “everybody knows” create
uncertainties with respect to some of the most fundamental building blocks of ERISA. The panelists illuminate these uncertainties to help you provide practical
and effective advice to your clients. What is/are:
• An accrued benefit
• A definitely determinable benefit
• An interest rate
• Reasonable actuarial assumptions
• A plan document
• A plan amendment
• A fiduciary
• Vesting
• A cessation of operations
• A normal retirement date
• Reasonable notice
• Alienation
• A vested retiree medical benefit
• Insignificant
• Egregious
BREAK–EXHIBIT HALL A
10:30–11:00 AM
TRACK 4
11:00 AM–12:30 PM
SESSION 401
Discussion of IRS Gray Book
Questions and Answers
EA Core 1.80 CPD 1.80
Experienced practitioners involved in the process of
developing the Gray Book lead a review of government
responses to this year’s questions. They comment on
responses of particular interest and facilitate a dialogue
on practical implications of the responses and alternative approaches where complete answers are not
provided.
SPEAKERS:
1. Bruce Cadenhead – Mercer
2. Maria M. Sarli – Towers Watson
3. Harold J. Ashner – Keightley & Ashner, LLP
SESSION 402
New ASOPs
EA Core 1.80 CPD 1.80
Over the last year, the ASB has issued new ASOPs and
proposed changes on others. Those changes include
revisions to ASOP 6 and 35, a new ASOP related to
modeling that affects all practice areas, and exposure
drafts on dealing with risk in pension plans and on
retirement plan benefits in domestic relations actions.
Come to this session to learn about the most recent
developments relating to these new ASOPs and proposed changes, and how they may change the way we
practice.
SPEAKERS:
SPEAKERS:
1. Mita Drazilov – Gabriel Roeder Smith & Company
1. David R. Godofsky – Alston & Bird, LLP
2. Christopher F. Noble – Towers Watson
2. Kent A. Mason – Davis & Harman LLP
3. Thomas D. Levy – Segal Consulting
3. Michael J. Prame – Groom Law Group
4. Sheila Kalkunte – American Academy of Actuaries
2015 EA MEETING – PAGE 20
Tuesday, April 14
EN
SESSION 405
T S PE
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Standard and
Distress Terminations
VERNM
SESSION 403
E
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EA Core 1.80 CPD 1.80
QUES
Taking a plan through the termination
process–either a standard termination or a distress
termination–is long and complex. Speakers address
timing, plan amendments, funding, distributions and
other issues involved in the termination of large single
employer plans. Near the end of your glidepath? Plan
termination may be in your future.
SPEAKERS:
1. Harold J. Ashner – Keightley & Ashner, LLP
Views on Public Plans for
Non-Public Plan Actuaries
EA Noncore 1.80 CPD 1.80
The panelists provide the perspective of two non-public
plan actuaries on public plans, balanced by a public
plan actuary. Public plan actuaries learn how their work
is viewed by pension actuaries outside that area. Topics
may include funding methods, disclosures, prescribed
assumptions, client issues and reasons for the perceived
underfunded status of many public plans. The setting and regulatory environment for public plans and
non-public plans compared and contrasted.
SPEAKERS:
2. Gregory H. Reynolds – Aon Hewitt
1. Lance J. Weiss–Gabriel Roeder Smith & Company
3. Bela Palli – Pension Benefit Guaranty Corp.
2. Thomas B. Lowman – Bolton Partners, Inc.
3. Robert J. Rietz – Consulting Actuary
T S PE
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New Hybrid Regulations
EN
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SESSION 404
VERNM
4. Thomas S. Terry – The Terry Group
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EA Core 1.80 CPD 1.80
RE
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The panel provides an overview of the
QUES
second round of final and proposed
regulations issued in September, including open issues
and a discussion of actions likely to be taken by plan
sponsors in response.
SPEAKERS:
1. Michael F. Pollack – Towers Watson
2. Lawrence J. Sher – October Three LLC
3. Thomas J. Finnegan – The Savitz Organization
SESSION 406
Working With the
New Mortality Tables
EA Core 1.80 CPD 1.80
The Society of Actuaries has issued final updated
mortality tables. Panelists discuss both the mortality
and mortality projection tables and how to use these
in valuing defined benefit plans. Attend this session so
you don’t make a fatal error when working with the
tables.
SPEAKERS:
1. Laurence Pinzur – Aon Hewitt
2. Timothy J. Geddes – Deloitte Consulting LLP
3. William E. Roberts – Towers Watson
2015 EA MEETING – PAGE 21
Tuesday, April 14
2. Kevin Joseph Donovan – Pinnacle Plan Design, LLC
SESSION 408
Hot Topics in Accounting
EA Noncore 1.80 CPD 1.80
Panelists at this session discuss current topics that
impact accounting under ASC715 and IAS19 including de-risking strategies, the release of new mortality
tables, the expected return assumption, and much
more.
SPEAKERS:
1. John A. Potts – Deloitte Consulting LLP
2. Eric A. Keener – Aon Hewitt
LUNCHEON
MARRIOTT BALLROOM
12:30–1:45 PM
T S PE
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1. Steven J. Levine – Steven J. Levine LLC
FICA and Early Inclusion
EN
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SPEAKERS:
SESSION 501
A
EA Noncore 1.80 CPD 1.80
RE
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Many employers provide nonqualified
QUES
deferred compensation that is subject to special timing rules for payment of FICA tax.
The presenters cover the basics of FICA taxation of
nonqualified deferred compensation, including legal
requirements and common practices. Topics may
include: timing requirements and options available with
respect to different types of nonqualified plans, calculation and payment of the tax, methods of withholding
the employee portion, strategies to minimize the tax,
and error correction.
D
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EA Core 1.80 CPD 1.80
The panelists provide a current look at pension surplus
opportunities for sponsors of defined benefit plans.
Also covered are the variety of options sponsors have
to utilize surpluses efficiently and effectively. All practical options available to employers are discussed, from
the common strategies to the lesser known ones. This
session is a must for anyone who may be in a position
to consult with sponsors facing this scenario, now or in
the future.
2:00–3:30 PM
VERNM
Small Plans: DB Plans With
Surplus Assets
TRACK 5
GO
SESSION 407
SPEAKERS:
1. Maria M. Sarli – Towers Watson
2. Mary K. Samsa – U.S. Department of Labor
3. Thomas Dean Matthews – Towers Watson
SESSION 502
Variable Annuity Plans
EA Core 1.80 CPD 1.80
Qualified variable annuity plans offer participants lifetime income without exposing plan sponsors to the volatility of investment and interest rate risk. New hybrid
regulations clarify several aspects of these innovative
plans. Design and valuation issues unique to these
plans are illustrated.
SPEAKERS:
1. Donald E. Fuerst – American Academy of Actuaries
2. Lloyd A. Katz – The Benefit Practice
3. James T. McHale – PricewaterhouseCoopers LLP
4. Lee D. Gold – Mercer
2015 EA MEETING – PAGE 22
Tuesday, April 14
SESSION 503
SESSION 505
Cash Balance Design
for Larger Plans
Into the Future – Selecting
Investment Return Assumptions
EA Core 1.80 CPD 1.80
Corporate plans finally have some clarity around market rates of return and other issues. Now the real work
begins— helping your clients bring their plan design
into compliance and figuring out how to best accomplish their goals. The speakers focus on larger plans
that have different issues and concerns than small
and self-employed plans (covered in Session 707). The
content in this session builds on the basics covered in
Session 108.
SPEAKERS:
1. Brian C. Donohue – October Three LLC
SESSION 504
Multiple Employer Plans
EA Core 1.80 CPD 1.80
Multiple employer plans can arise under current rules in
many situations, including joint ventures and changes
in corporate structure. The presenters at this session
provide an overview of current issues related to multiple employer plans, including funding, deduction,
exclusive benefit, benefit restriction, non-discrimination
and withdrawal liability issues. In addition, the speakers discuss proposals to change the current regulatory
structure that applies to multiple employer plans in
order to make them an attractive vehicle for small to
mid-size employers to provide defined benefit pensions.
SPEAKERS:
1. Syed Fahad Saghir – Alston & Bird, LLP
2. Bruce Cadenhead – Mercer
3. Julie E. Vickery – Towers Watson
EA Core 0.90 EA Noncore 0.90 CPD 1.80
When the ASB released the revised ASOP No. 27 in
late 2013, they provided guidance in setting a forward-looking investment return assumption that
encourages an actuary to consider the implications
of using an arithmetic return and a geometric return.
While actuaries could define the difference between an
arithmetic and geometric average, do we understand
the implications of using one or the other when setting
future investment return assumptions?
To aid in actuaries’ understanding, the American
Academy of Actuaries developed a Practice Note
providing background information and discussing the
complex issues involved in making this evaluation to
aid actuaries in selecting an appropriate assumption
in compliance with ASOP No. 27. Our panelists discuss the technical aspects of evaluating arithmetic and
geometric return assumptions and important considerations in selecting the appropriate assumption for the
intended measurement.
SPEAKERS:
1. Ellen L. Kleinstuber – The Savitz Organization
2. Paul Angelo – Segal Consulting
3. Jerry Mingione – Towers Watson
2015 EA MEETING – PAGE 23
Tuesday, April 14
SESSION 506
ACA Update for Pension Actuaries
EA Noncore 1.80 CPD 1.80
The panel discusses key decision points and issues for
employers with respect to healthcare coverage under
the Affordable Care Act (ACA). They address differences in the ACA impact on small compared to large
employers, other ACA benefit and cost impact considerations, and exchange implementation issues. Where
applicable, the presenters explore how these may affect
retiree medical valuations.
SPEAKERS:
1. Mac McCarthy – McCarthy Actuarial Consulting
2. Adam J. Reese – PRM Consulting Group
3. Anne E. Crumlish – Aon Hewitt
BREAK–EXHIBIT HALL A
3:30–4:00 PM
TRACK 6
4:00–5:30 PM
SESSION 601
Early Retirement Windows
EA Core 1.80 CPD 1.80
Panelists discuss legal, actuarial, and practical issues
relating to early retirement windows. Topics covered
include non-discrimination testing (including top 25
rules), cost estimates (including estimating acceptance
rates), AFTAP calculations, benefit restrictions under
Sections 415 and 436, and designing windows to
achieve sponsor objectives.
SESSION 507
SPEAKERS:
Small Plan Gotchas
1. Mark T. Dungan – Towers Watson
EA Core 1.80 CPD 1.80
Small plans can be tricky. Lawmakers and regulators
create pitfalls to designs. The presentation should help
you navigate those gotchas before they attack your
small plans. The panelists discuss issues based upon
their practical experience.
SPEAKERS:
1. Marjorie R. Martin –
Buck Consultants, A Xerox Company
2. Richard A. Hochman – McKay Hochman Co., Inc.
3. Howard P. Rosenfeld –
Rosenfeld/Tortu Ret. Planning
SESSION 508
Postemployment Plan Accounting
EA Core 1.80 CPD 1.80
Overview of accounting rules that apply to postemployment benefit plans (e.g., LTD. Severance) under ASC
712, 710 and 450. The presenters discuss the types of
plans that are accounted for under each standard and
common issues.
SPEAKERS:
1. Stuart H. Alden – Towers Watson
SESSION 602
Ethical Dilemmas II
EA Core/Ethics 1.80 CPD 1.80
In this highly interactive session, panelists and audience
members debate solutions to three difficult ethical situations faced by actuaries in their day-to-day practice,
including conflicts of interest, selection of assumptions,
disagreeable clients, and disagreements with the prior
actuary. The presenters cover different case studies
than Ethical Dilemmas I and does not require Ethical
Dilemmas I as a prerequisite.
SPEAKERS:
1. Paul B. Zeisler –
Buck Consultants, A Xerox Company
2. David R. Godofsky – Alston & Bird, LLP
3. Sarah Wright – October Three LLC
2015 EA MEETING – PAGE 24
Tuesday, April 14
SESSION 603
SESSION 605
Lifetime Income Options
Public Plan Funding Policies
EA Noncore 1.80 CPD 1.80
Many participants who receive a large lump sum payment or successfully accumulate a substantial balance
in their 401(k) or other retirement plan are unsure how
to make it last a lifetime. Presenters discuss current
options to manage an account balance or lump sum
in order to secure income for a lifetime. Presenters
also examine possible public policy changes and ways
employer-sponsored plans can be enhanced to improve
retirement security.
EA Noncore 1.80 CPD 1.80
With the new GASB 67 and 68 accounting standards,
there is a separation between accounting and funding. However, the public plan sponsors need to have a
funding policy. A panel of practitioners discuss progress
that has been made, practical considerations and the
latest guidelines from professional societies. The panel
focuses mainly on recent developments for fixed rate
plans and direct rate smoothing.
SPEAKERS:
SPEAKERS:
1. Mark Olleman – Milliman Inc.
1. Mark Shemtob
2. John O. Esch – TIAA-CREF
2. David L. Driscoll –
Buck Consultants, A Xerox Company
SESSION 604
SESSION 606
Advanced Benefit Administration
Multiemployer Plans–
Withdrawal Liability
EA Core 1.80 CPD 1.80
The speakers this session cover a number of more
complicated issues that arise in performing benefit calculations. Potential topics are: multiple annuity starting
dates, required minimum distributions, determining
amounts eligible for rollover, taxation of benefits with
a basis, QDROs and other benefit offsets, MDIB rules,
and benefits beyond normal retirement date.
SPEAKERS:
1. Marjorie R. Martin –
Buck Consultants, A Xerox Company
EA Core 1.80 CPD 1.80
Withdrawal liability has been around since 1980.
Because of the funding challenges created by the
decline in the covered workforce, and the investment
experience during the 2000s, withdrawal liability has
re-emerged as an important issue. The panelists provide a brief overview of withdrawal liability, how it
has changed over time, the environment today, and a
glimpse into the new approaches that have emerged.
SPEAKERS:
2. Ellen L. Kleinstuber – The Savitz Organization
1. Boris Alex Vaynblat – The McKeogh Company
3. Margaret S. Berger – Mercer
2. Bryan Matthew McCormick –
The Savitz Organization
2015 EA MEETING – PAGE 25
Tuesday, April 14
SESSION 607
IAS 19R
EA Noncore 1.80 CPD 1.80
The International Accounting Standards Boards (IASB)
issued an amendment to the IAS 19 effective January
1, 2013, that significantly changes international
accounting for benefit plans. The panelists discuss current topics and lessons learned.
SPEAKERS:
1. John D. Steele – Towers Watson
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Dialogue With
the Joint Board
EN
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SESSION 608
VERNM
2. Kenneth K. Lining – Aon Hewitt
T
EQUES
EA Core 1.80 CPD 1.80
The Chair and Executive Director of the
Joint Board for the Enrollment of Actuaries provide an
update on Joint Board activities and answer participants’ questions regarding regulations, professional,
disciplinary, and other topics of interest to EAs. The
audience participants are given the opportunity to
share their concerns and ideas with the Joint Board.
SPEAKERS:
1. Donald J. Segal
2. Patrick W. McDonough –
Joint Bd. for the Enrollment of Actuaries
RECEPTION
MARRIOTT BALLROOM
6:30–8:00 PM
2015 EA MEETING – PAGE 26
Wednesday, April 15
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T
SESSION 702
EA Core 1.50 CPD 1.50
Congress changed the interest rates last year, leaving
actuaries to scramble. The panelists in this session
review the obvious and subtle funding and Sec. 436
changes driven by the Highway and Transportation
Funding Act of 2014 (HATFA) and how the subsequent
guidance shapes operations. Funding requirements,
assets, credit balances and benefit restrictions are all
affected.
SPEAKERS:
1. Mark T. Dungan – Towers Watson
2. Anita Juneja – Aon Hewitt
3. Syed Fahad Saghir – Alston & Bird, LLP
D
1. Keith T. Sartain–Aon Hewitt
2. Karl E. Arbaugh – Aon Hewitt
3. Scott Young – Pension Benefit Guaranty Corp.
SESSION 704
Update from the DOL
EN
T S PE
R
2. Matthew L. Bond – Aon Hewitt
SPEAKERS:
KE
1. Ira G. Kastrinsky – Deloitte Consulting LLP
(It is assumed attendees at this session have some
knowledge of calculating termination liabilities using
expected retirement age [XRA] and PBGC rates.)
A
SPEAKERS:
HATFA
GO
E
KE
R
EQUES
EA Core 1.50 CPD 1.50
Some defined benefit plans are considering refining mortality assumptions to reflect their
specific plan experience. While a plan might not be
large enough to provide fully credible data, experience
data still might be partially credible and can be used to
refine assumptions. Panelists examine the process for
deciding how plan specific experience can be used and
integrated with standard published tables.
EA Core 1.50 CPD 1.50
RE
T
Representatives from the Department of
QUES
Labor have been requested to provide an
overview of recent interpretive and regulatory guidance. (This session is not recorded.)
D
T S PE
E
EN
A
VERNM
8:00–9:15 AM
VERNM
TRACK 7
Plan Specific Mortality
and Credibility
RE
T
EA Core 1.50 CPD 1.50
QUES
The panelists discuss the pension benefits the PBGC guarantees — the types of benefits,
limitations, and the impact on participants – and how
the total benefits are assigned to six defined priority
categories. They also touch on practical approaches
to avoiding complicated calculations and dealing with
prior mergers. This session is of interest to actuaries
working on pension spinoffs with underfunded plans.
GO
7:00–8:00 AM
SESSION 701
T S PE
R
CONTINENTAL BREAKFAST
EN
KE
Section 4044 Allocation
of Assets
VERNM
SESSION 703
A
Wednesday, April 15
SPEAKERS:
1. Donald J. Segal
2. Representative – U.S. Department of Labor
2015 EA MEETING – PAGE 27
Wednesday, April 15
SESSION 705
SESSION 707
Risk Metrics and Disclosures
for Public Plans
Impact of Hybrid Regulations
on Small Plans and Plans
Covering Self-employed
Individuals and Partners
EA Noncore 1.50 CPD 1.50
What are the best measures for discussing, measuring,
and disclosing risks for public sector plans? The panelists address techniques already being used in plans
around the country as well as the latest innovative
thinking from practicing public plan actuaries.
SPEAKERS:
1. William R. Hallmark – Cheiron, Inc.
2. Matthew M. Smith –
WA Office of the State Actuary
EN
T S PE
RE
ST
2. Andrew William Ferguson – Altman & Cronin
2. Karina Limsico – October Three LLC
T S PE
D
Dialogue With the
IRS/Treasury
EN
R
E
SESSION 801
VERNM
9:45–11:00 AM
R
1. Jonathan Stern – Towers Watson
TRACK 8
KE
SPEAKERS:
9:15–9:45 AM
A
QUE
EA Core 1.50 CPD 1.50
Speakers at this session review the
Schedule SB, paying particular attention to changes to
the schedule to accommodate recent regulatory and
legislative changes. There is also a review of the many
attachments that are required, including those that
must be provided for all plans and those that are only
required for certain types of plans or plans that have
made special elections.
BREAK–EXHIBIT HALL A
GO
E
D
GO
R
VERNM
1. Kevin Joseph Donovan – Pinnacle Plan Design, LLC
KE
Schedule SB–Form and
Attachments
SPEAKERS:
A
SESSION 706
EA Core 1.50 CPD 1.50
The final hybrid regulations have been issued. The
speakers at this session look at the impact of the final
rules on the design of small plans. In particular, the
panelists look at designs for self-employed individuals
and partnerships, as well as other small businesses.
T
EQUES
EA Core 1.50 CPD 1.50
A panel of high-ranking officials field
your questions on a number of challenging issues. This
is your chance to ask what you’ve always wanted to
know about guidance. This session is not intended to
address specific client issues.
SPEAKERS:
1. Donald J. Segal
2. Representative – Internal Revenue Service
2015 EA MEETING – PAGE 28
Wednesday, April 15
SESSION 802
SESSION 804
Corporate In-house Actuaries
Investment Basics for
Pension Actuaries
EA Noncore 1.50 CPD 1.50
Are you an in-house actuary? This workshop is for
actuaries who work on retirement and other plans
sponsored by their employers. Attendees have the
opportunity to discuss the special problems and issues
they encounter. Note: Attendance at this session should
be limited to in-house actuaries. (This session is not
recorded).
SPEAKERS:
1. Paul A. Bassett –
Wisconsin Physicians Service Ins. Co.
2. Ric Ford – Voya Financial
SESSION 803
Recent SOA Research and its
Application to Pension Actuaries
EA Noncore 1.50 CPD 1.50
More than ever, effective pension plan management
requires integrating liability and investment considerations. Our panel presents some of the basic
investment terms and concepts that are important for
actuaries to understand in talking with plan sponsors,
investment advisors, and auditors. Topics may include:
How is duration measured? What are alpha, beta, and
correlation coefficients? How does diversification and
periodic rebalancing improve expected return? How is
risk defined? What is a hedge ratio and credit ratio?
How should we measure funded status and measure its
performance?
SPEAKERS:
1. Alan N. Parikh – Aon Hewitt
EA Noncore 1.50 CPD 1.50
Many pension actuaries associate the Society of
Actuaries with tough exams (and more recently new
mortality tables), but there is also a regular pipeline of
research projects underway that are of interest to pension actuaries. These projects span a range of topics,
from those that support current practice to those that
cover emerging areas. The panelists provide an overview of several recently completed research projects
representing the spectrum of SOA-sponsored retirement research. Anticipated topics include: pension risk
transfer and a framework for plan sponsors to evaluate
readiness, encouraging retirement income options in
DC plans, valuing embedded options in pension plans,
multiemployer plan trends, and views of individual retirees on risk in retirement.
2. Justin Owens – Russell Investments
SPEAKERS:
2. Lawrence A. Johansen –
New Hampshire Retirement System
1. Andrew J. Peterson – Society of Actuaries
2. Cynthia J. Levering
3. R. Dale Hall – Society of Actuaries
4. Timothy J. Geddes – Deloitte Consulting LLP
SESSION 805
Public Employee Retirement
System Workshop
EA Noncore 1.50 CPD 1.50
This is an open forum on current topics of concern
to public plan actuaries. Possible topics this year may
include GASB statements 67 and 68, the proposed
OPEB statement, Moody’s pension liability measurement, funding policies without the ARC and possible
new legislation on reporting liabilities. (This session is
not recorded.)
SPEAKERS:
1. David T. Kausch – Gabriel Roeder Smith & Company
2015 EA MEETING – PAGE 29
Wednesday, April 15
SESSION 806
Multiemployer Plans Workshop
EA Core 1.50 CPD 1.50
This session is an opportunity for multiemployer plan
actuaries to engage in a discussion of practical issues,
problems or experiences encountered in their practices.
It can be a more in-depth discussion of topics from the
other multiemployer sessions or subjects not covered
in those sessions. Come prepared with your own list of
topics! (This session is not recorded.)
SPEAKERS:
1. James Andrew Nolan – Segal Consulting
2. Matthew G. Deckinger – MGD Consulting Inc.
SESSION 807
Small Plan Workshop
EA Core 0.75 EA Noncore 0.75 CPD 1.50
Want to discuss issues with your peers? This is an open
forum on current problems and issues specific to small
plans. Topics may include PPA, MAP-21, HATFA, IRC
401(a)(26), 410(b), 401(a)(4), 401(a)(17), 415, and
401(a)(9), and PBGC issues for small plans. (This session
is not recorded.)
SPEAKERS:
1. Lawrence Deutsch – Larry Deutsch Enterprises
2. Marjorie R. Martin –
Buck Consultants, A Xerox Company
SESSION 808
ASOP 6 and Effect on OPEB Plans
EA Noncore 1.80 CPD 1.80
Speakers at this session present a refresher on ASOP 6
and discuss what is new in the revised version including
the public plans/pooling issue. Definitely of interest to
anyone practicing in the retiree medical arena.
SPEAKERS:
1. Dale H. Yamamoto – Red Quill Consulting
2. James J. Rizzo – Gabriel Roeder Smith & Company
3. Alexander D. Morgan IV – Segal Consulting
GENERAL SESSION 003
11:15 AM–12:45 PM
Communicating Risk
EA Noncore 1.80 CPD 1.80
Risk: The potential of future losses or shortfalls from
expectations due to deviation of actual results from
expected results.
In recent years, new approaches for measuring, managing and mitigating risk have emerged. Measuring and
mitigating risk is important, but what about communicating risk? How can actuaries provide more valuable communications that promote transparency and
better understanding of the risks inherent in measuring
retirement plan obligations and determining the range
of future obligations, costs, contributions or funded
status?
Putting retirement plan risks into context for plan sponsors and trustees is an important element of risk communication. What measures and techniques are being
used today, and how can we continue to improve as
we move into the future.
How can we as actuaries establish an effective vocabulary for communicating risk to our clients, plan participants and other stakeholders?
Come to this session to get a look at how our actuarial
experts in risk communication are doing it and how
you could incorporate some of their highly effective
techniques into your practice.
SPEAKERS:
1. Jonathan B. Waite – SEI Investments
2. Stephen C. Goss – Social Security Administration
3. Matthew M. Smith –
WA Office of the State Actuary
2015 EA MEETING – PAGE 30
PRE- & POSTMEETING EVENTS
REGISTRATION
INFORMATION
Professional Standards / Ethical
Dilemmas Seminar
Conference
Member
EA Meeting
Attendee
All Other
Participants
$220*
$250*
$300*
PROFESSIONAL STANDARDS/
ETHICAL DILEMMAS SEMINAR
Sunday, April 12, 2014, 1 – 5 P.M.
EA Core 4.4 Credits (2.6 EA Core/Ethics)
Code of Professional Conduct, ASOPs, Qualification Standards,
EA Regulations – pension actuaries are surrounded by professionalism criteria. How can we be sure that we are meeting all
of these requirements? How does our Code and Professional
Standards benefit us and our clients? Are our Code and
Standards serving their purpose? What can I and/or my employer
do to mitigate exposure? What should we do if we make a
mistake? What should I do if I know of a breach of the Code or
Standards? What happens to actuaries who breach the Code or
Standards?
*Registrations received four business
days out from seminar date are considered on-site and are an additional $75.
Space is limited and available on a first
come, first-served basis.
Registrations are only processed when
accompanied by full payment.
Cancellation Policy: All cancellations
must be in writing (e-mail:
eameeting@ccactuaries.org.)
Cancellations received on or before
2/28/15 are refunded full fee less 25%
administration fee. Cancellations received
after 2/28/15 are refunded full fee less 50%
administration fee. No refunds 15 business
days before the seminar.
Many actuaries believe they have the answer when faced with a
myriad of ethical issues involving their own actions or the actions
taken by clients. The speakers during this session present a variety of hypothetical situations that can lead to various interpretations and a range of possible actions. This presentation includes
a series of case studies/vignettes portraying possible real-world,
potentially unreasonable and even outrageous situations that can place actuaries in difficult situations.
Audience members are asked to analyze, discuss and debate their views of these situations and propose what
they believe should be the outcome. This seminar is a great opportunity to get an update on Professional
Standards, while getting a behind the scenes look at how the ABCD functions, and delving into ethical situations
that can happen on a regular basis. Consider attending this informative, retirement benefits focused seminar on
Professional Standards and ethics.
2015 EA MEETING – PAGE 31
2015 CCA HEALTH REFORM MEETING
Wednesday, April 15, 2014, 1:00 – 6:00 PM
Thursday, April 16, 2014, 8:30 AM – 12:30 PM
The Health Reform Meeting gives health actuaries and other healthcare professionals a chance to hear the latest
developments on the Affordable Care Act, and the opportunity to discuss with peers what’s happening on the
home front of healthcare reform. The meeting features a variety of sessions on healthcare reform issues, providing
relevant education for providers, carriers and employers. The following issues are scheduled to be discussed:
• Healthcare Reform: The Big Picture
• Perspectives on Healthcare Cost Trends
• The Changing Rx Landscape: Specialty Drugs & PBM Contracting
• Payment Reform & Quality Measurement: Effective Provider Risk Management
• Open Forum: Actuarial Impact of Medicaid Expansion (or Not)
• Size Matters: Challenges Ahead for Small, Medium & Large Employers
• Cadillac Plan Tax: What You Need to be Thinking About Now in Advance of 2018
• Perspectives on Rate Filings and Review
• Health Actuary of the Future
Visit www.ccactuaries.org/go/healthmeeting for more information about the program, including a full schedule,
session descriptions and speakers.
REGISTRATION
INFORMATION
Before 4/1/2015
4/1/2015 to
4/14/2015
After 4/14/2015
Actuary Rate
$450
$550
$700
Non-Actuary Rate
$650
$750
$900
2015 EA MEETING – PAGE 32
JOINT PROGRAM COMMITTEE &
SPONSORING ORGANIZATIONS
Joint Program Committee for the 2015 Enrolled Actuaries Meeting
Phillip A. Romello
Chair
Jame E. Holland Jr.
Vice Chair
Susan L. Breen-Held
Donald E. Fuerst
David R. Godofsky
David T. Kausch
Ellen L. Kleinstuber
Tonya B. Manning
Nadine H. Orloff
John A. Potts
Maria M. Sarli
Keith T. Sartain
Donald J. Segal
Tom Terry
Ken Kent
Lynn Young
Immediate Past
President
Vice President,
Professionalism
ACOPA President
John Moore
William Hines
ACOPA President-Elect
Secretary
Vice President, Risk
Management and
Financial Reporting
Joint Sponsors for the 2015 Enrolled Actuaries Meeting
Mary D. Miller
President
Tom Wildsmith
President-elect
Art Panighetti
Treasurer
Vice President, Pension
Al Beer
Katie Campbell
Rich Daillak
Audrey Halvorson
Joeff Williams
Godfrey Perrott
Mike Angelina
Shari Westerfield
Annie Voldman
Scott A. Hittner
Edward M. Pudlowski
Vice President –
Communities
Treasurer
Ellen L. Kleinstuber
Immediate Past
President
Shawna Ackerman
Vice President, Casualty
Cathy Murphy-Barron
Vice President, Health
Mary Bahna-Nolan
Vice President, Life
Eli Greenblum
rence of
Confe
Con
ies
uar
sulting Act
President
Vice President –
Continuing Education
Donald J. Segal
Robert J. Reiskytl
Phillip A. Merdinger
President-elect
Vice President –
Member Services
John H. Lowell
Secretary
John J. Schubert
Patricia A. Rotello
Penultimate President
Richard H. Bailey III
Rebekah D. Bayram
Justin N. Hornburg
Karen Smith
Robert S. Miccolis
CAS President
Stephen Lowe
CAS President-Elect
Phillip A. Merdinger
CCA President
Cecil Bykerk
Jerry Mingione
Mary Downs
Executive Director
Judith A. Kermans
Kathleen P. Lamb
L.J. (Mac) McCarthy
Alan W. Milligan
Nadine H. Orloff
Maria M. Sarli
John T. Stokesbury
Thomas A. Swain
David M. Tuomala
Rita K. DeGraaf
Executive Director