The FSPA is ASPPA/ACOPA’s advanced Fellowship designation. It represents the highest achievement within ACOPA for an actuary and the actuary who achieves this designation has shown a level of knowledge and understanding of the private pension system significantly beyond what is tested on the Enrolled Actuary examinations.
The FSPA credential can be obtained through the examination or experience nomination path:
FSPA - Experience Track
MSPA’s who have been practicing in the pension actuarial field for at least 15 years can be honored with the FSPA credential for the demonstration of technical and thought leadership in the pension actuarial field over an extended period of time at a very high level. A candidate for the FSPA designation under this track must be nominated by at least two ACOPA members who attest to the candidate’s accomplishments, and the candidate must furnish a detailed description of his or her accomplishments and qualifications. Nominees must be an Enrolled Actuary in good standing who has never been subject to discipline (not counseling) by any professional organization.
To be considered for 2019, the completed nominator forms or online form must be submitted by June 17, 2019, and the completed application by July 15, 2019. Completed applications will be considered by a committee of five current FSPA’s following the submission deadline, and new FSPAs will be awarded the designation at the ACOPA Transition Meeting in conjunction with the ASPPA Annual Conference in October, 2019.
In considering whether nominated applicants have demonstrated “technical and thought leadership in the pension actuarial field over an extended period of time at a very high level”, the committee will consider the length of the Candidates career, the testimonials of the two nominating members, and the candidates own description of his or her accomplishments and qualifications. Although this list is not exhaustive, the following shall be considered as evidence of qualifications:
- Speaking at national conference sponsored by ASPPA, Academy, SOA, NIPA, IRS, Sungard and other nationally recognized sponsors.
- Teaching classes for nationally recognized sponsors, colleges and/or Universities.
- Advanced degrees in actuarial science.
- Other designations issued by National organizations, such as ASPPA, SOA, CEBs, and others.
- Articles and papers published in professional, trade or other press.
- Participation and leadership in ASPPA GAC, ASPPA E&E and the Pension Practice Council of the Academy and similar experience.
- Testimony before Congress, State Legislators and / or regulators.
FSPA - Examination Track
To earn the FSPA credential, candidates build upon a foundation of knowledge acquired by:
- Holding an Enrolled Actuary designation;
- Holding the CPC designation, or passing the CPC proctored examination; and,
- Passing both the A-4 essay examination and an oral presentation.
Credential Continuing Education Requirements
FSPA and MSPA members who satisfy the JBEA CE requirements are deemed to satisfy ASPPA CE requirements.
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