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Old 08-03-2016, 12:04 PM
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Mary Pat Campbell
SOA AAA
 
Join Date: Nov 2003
Location: NY
Studying for duolingo and coursera
Favorite beer: Murphy's Irish Stout
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From the P&I story:
http://www.pionline.com/article/2016...an-liabilities

Quote:
Current public plan practice uses the long-term investment return of assets to value liabilities. The paper “challenged” that practice, said Mr. Bartholomew, a Washington-based independent pension consultant and former chief financial officer of the Inter American Development Bank, Washington, who helped oversee its more than $3 billion defined benefit pension plan.

“The issue came to a head with our attempt to get the paper published,” Mr. Bartholomew said.

When the academy and SOA leadership made their objections to the paper known, the authors offered to remove the task force label and have the society publish the paper under co-authors’ names only, while having side-by-side critiques written by actuaries opposed to its conclusions, members of the former task force said. But the academy and society refused to agree, the members said.

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