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FOR IMMEDIATE RELEASE

CONTACT:
Denise Smith
Marketing Manager
703.516.9300
dsmith@aspa.org

PENSION CREDENTIALING EXAMS MAY NOW YIELD COLLEGE CREDIT

December 10, 2004 - ( Arlington, Va.) – The American Society of Pension Professionals & Actuaries (ASPPA) announced today that effective immediately, passing any of its credential exams could potentially result in college credit. The American Council of Education (ACE) guidelines will now include recommendations to colleges and universities that candidates passing ASPPA exams be eligible for up to 3 semester hour credits for each ASPPA exam.

According to ASPPA Executive Director/CEO, Brian H. Graff, Esq., and APM, “As many as 17,000 exam candidates could now be potentially eligible for college credit. This is great news for those retirement plan professionals who have enhanced their industry knowledge through ASPPA’s credentialing program.”

Last month ACE reviewed 12 credentialing exams offered by ASPPA within the last 10 years. A content team and a technical team both thoroughly examined the materials and procedures for developing, administering and evaluating the exams and concluded that all 12 exams were worthy of ACE credit recommendations.

"The ACE recommendation highlights ASPPA's commitment to excellence in education for all pension professionals," Joan Gucciardi, General Chair of ASPPA's Education and Examination (E&E) Committee.

ASPPA is a national organization of retirement plan professionals dedicated to the preservation and enhancement of the private pension system in the United States. ASPPA offers education and professional credentials for 401(k) administrators (QKA), actuaries (FSPA, MSPA), pension consultants (CPC), pension administrators (QPA) and other benefits professionals (APM). Its 5,400+ members provide consulting and administrative support to over half of the private retirement plans in the country. For more information, visit www.asppa.org.

Founded in 1918, the American Council on Education is the nation’s largest higher education association, representing more than 1,600 college and university presidents, and more than 200 related associations, nationwide. It seeks to provide leadership and a unifying voice on key higher education issues and influence public policy through advocacy, research, and program initiatives. For more information, visit www.acenet.edu.