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ASEA Monthly
On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (ARPA), which includes much-needed relief for multiemployer plans. Many plans are already insolvent, with the PBGC paying the plan’s benefits at the lower PBGC guaranteed benefit amount. In addition, 12 plans have cut...
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I have never been much for social media. I do not have a Twitter handle and I am not on Facebook. I thought TikTok was the sound of a clock, and I have absolutely no idea what Snapchat is or how it works.
Like many people, I have always desired to keep my private life… private. I was encouraged to...
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Hello, ASEA—
Welcome to our annual Music Issue, or at least a nod to the upcoming summer concert season… cheers to upcoming nice nights under the stars listening to music.
I finally caught COVID for the first time (with minimal side effects). April was tricky—indoor concerts were a go in NYC but...
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Brent Henningson, CEO of Saber Pension & Actuarial Services, participated in a “Money Tree Investing” podcast hosted by Kirk Chisholm of Innovative Advisory Group. Brent and Kirk were kind enough to allow us to reprint a transcript of the podcast, which follows.
Kirk Chisholm: Welcome to this...
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We all know what APPA Annual is, but do you know what WiRC is? The Women in Retirement Conference (WiRC) is an amazing conference held each January where women “WiRC” together with members from all five sister organizations: ASEA, ASPPA, NAPA, NTSA and PSCA.
WiRC’s main goal is to address the...
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Martella Turner-Joseph has been a leader of the Legislative Relations Committee for a total of 12 years, which includes the nine years that I have been employed at the American Retirement Association. She served as a Co-chair of the Committee for four years from 2010-2013, and then Chaired the...
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The American Retirement Association’s Legislative Relations Committee (LRC) has a new Chairperson effective Jan. 1, 2022. Susan Diehl, QPA, CPC, ERPA, BCF, replaces Martella Turner-Joseph, EA, MSEA. Turner-Joseph served as Chairperson of the LRC from 2014 through 2021 and will remain as a member of...
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Hello ASEA–
I had a momentous life change that occurred during the December Zoom call with the Legislative Relations Committee (LRC). Though I usually keep my Zoom camera off during such calls as I make coffee and put my work away for the day, I was in the holiday spirit and wanted to interact a...
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Hello ASEA –
Hope you all had a nice time at ASPPA Annual, perhaps in person. I have not seen another actuary in person in over two years and truly hope 2022 is the magic year where we get back to normal.
I remember one of the last actuaries I met in person and connected with over our love of...
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Brent Henningson, CEO of Saber Pension & Actuarial Services, recently participated in an "Inspired Money" podcast hosted by Andy Wang. Brent and Andy were kind enough to allow us to reprint a transcript of the podcast, which follows.
Andy Wang: This is episode 153 with CEO of Saber Pension and...
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When an employee in a qualified retirement plan dies, the employee’s account balance has to be distributed to the beneficiary at a certain rate over a certain timeframe. The money cannot stay in the plan forever. What is that timeframe? When do distributions have to start?
A lot of people are...
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Well, another year has passed and, even though I won’t officially be President until Jan. 1, this is the traditional time for the incoming President to say hi!
After 19 months of virtual meetings and not worrying about what to wear on the lower half of my body, it was both exciting and a little...
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I guess I didn’t have any idea what I was in for when I got that call in April of 2018, but I can say, I didn’t anticipate the last 3 years looking like they did. Since that time, we have changed the name of our great organization from ACOPA to ASEA, introduced a new executive director, quarantined...
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When I got into the defined benefit space almost 20 years ago, I was a wide-eyed college graduate excited about making more money than I had ever known and with a firm belief that I would fly through the exam process. I was working for one of the top consulting firms in the business, and the...
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ASEA leadership is always looking for members to serve in a variety of roles. In an effort to build a more robust pipeline and to engage with members who have not previously had an opportunity to serve the organization or who may not have known how to become more involved, we have created an online...
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The 2021 ASEA Actuarial Insights is a virtual conference on Aug. 12-13 (yes, a Thursday and Friday). Registration is now open.
Sessions are geared to issues affecting practicing enrolled actuaries as well as DB plan administrators.
Important reasons to attend:
10 hours of JBEA and ASPPA CE...
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Hello ASEA—
I am in the midst of getting ready for a few days off, while new issues and requests come in. Luckily, I have the ASEA Google Group to help with the more esoteric issues. Much appreciation to the big brains of ASEA.
Summer is here, and you know what that means—getting geared up for...
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This year marks the 30th anniversary of one of the greatest victories in ASPPA’s storied history. Here’s what happened.
It all started in 1989, when the IRS started to attack the actuarial assumptions the profession had been using since ERISA was enacted in 1974. At the time, it was permissible...
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The 2021 ASEA Actuarial Insights is a virtual conference on June 10-11. Registration is now open.
Sessions are geared to issues affecting practicing enrolled actuaries as well as DB plan administrators.
Important reasons to attend:
6 hours of JBEA and ASPPA CE credits
3 hours each day to be...
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Editor’s Note: This article originally appeared in the Journal of Pension Benefits in 2003. Click here to view in pdf format.
On July 1, 2003, the IRS issued Revenue Ruling 2003-85 (published in Internal Revenue Bulletin 2003-32 on August 11, 2003), which held that a company that terminated its...
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