Code of Professional Conduct, ASOPs, Qualification Standards – actuaries are surrounded by professional standards and rules. The presenters provide an overview of actuarial professionalism tools, as well as the part that the ABCD plays in the professionalism process. How does our Code benefit us and our clients? What happens to actuaries who breach the Code? The first half of this session is a great opportunity to get an actuarial professionalism update.

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The speakers explore where pension reform is today, what we have learned over the past year, and where it appears to be headed. The session places particular emphasis on recent developments including funding relief, new regulations, law impact, and up-to-date industry trends. The panelists review the basics of the funding relief options, including the issues related to plans with PPA delayed effective dates, the complexities of the current “cash flow rule” that may limit the relief available to certain employers, the impact on certain benefit restrictions and the notification requirements for plan sponsors electing relief. They also provide an overview of the key provisions of any “hopefully” new regulations that arise over the next few months, and discuss any changes that sponsors may need to make in their plans.

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Do you know that actuaries can ask the ABCD for informal or formal advice? In addition to considering cases involving possible violations of the Code of Professional Conduct, the ABCD provides guidance to actuaries who ask for help in interpreting and applying the Code and/or actuarial standards of practice (ASOPs). During the second part of this session, members of the ABCD discuss the Request for Guidance (“RFG”) process. Mock RFGs or audience provided RFG examples are discussed.

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Our presenters update you on the most current information available on national healthcare reform and address the positioning of employer plans for the challenges that lie ahead. Topics may include: An overview of health reform timeline:

• Employer implications of reform including design, administration and financial issues;
• Health plan reactions to reform that will impact employer plans;
• Recent regulations implementing reform; and
• Does reform "bend the cost curve?"

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