ASEA Monthly

The process is not that hard. If you are already meeting (digitally or in person) with your associates and discussing actuarial types of issues, you may wish to apply to be a “Qualifying Sponsor.” In October 2020, the JBEA placed the instructions on how to attain this designation on its website.... READ MORE

Hello ASEA— Happy 2020.5, all. I look forward to getting back to the old normal sooner than later. But actuarial work continues... I was edumacating (sic) myself on 401(a)(26) rules under the SECURE Act and I came across an article by John Markley, our former president and Industry Relations... READ MORE

The last person to be receiving a Civil War-era pension has died. Irene Triplett, of Wilkesboro, NC, died on May 31 at the age of 90 due to complications from having fallen a few days earlier, according to the Washington Post and other news outlets. Ms. Triplett had been receiving $73.13 per month... READ MORE

Please join us for the American Society of Enrolled Actuaries (ASEA) annual business meeting, virtually, on Aug. 20 from 3:15-3:45 p.m. ET.  During the meeting, led by ASEA President Lauren Okum, MSEA, we’ll discuss:  Leadership election results  Review of ASEA bylaws Webcasts and ASEA... READ MORE

According to the New Jersey state website, through December 2019 there were 352,416 retirees getting annualized pensions of $11,675,297,749, while through June 2020 there were 348,556 retirees getting annualized pensions of $11,663,052,220. That drop (3,860 in the number of retirees and $12,245,529... READ MORE

Aug. 6, 2020 I am gearing up for vacation next week, so the introduction to the articles will be shorter than usual. Vacation in the pandemic age is a bit different. My plans went from a week in Toronto (cancelled) to a week in Kiawah Island, SC (quarantine required upon return) to a few days in... READ MORE

Pensions aren’t always monthly checks that arrive in the mail. Sometimes, a departing employee will receive his whole benefit at the time of retirement or separation from service. By David J. Kupstas EDITOR’s NOTE: This is a longer, more in-depth version of David J. Kupstas’ Actuarial/DB column... READ MORE

Well, where to begin? It has been a strange, almost surreal, couple of months for all of us. I hope everyone is staying safe and healthy during this pandemic.  I always value my membership in ASEA, but it has become even more important during this time of economic uncertainty. Between the brain... READ MORE

I want to give you an update that ASEA is planning an exciting new initiative: a Virtual Conference. As you might be aware, ASPPA hosts all-day Virtual Conferences in December and May. Each one provides 7.5 hours of CE credit. ASEA is planning on doing a mini-version of our own. Right now, we are... READ MORE