ACAS will be scrapped. Near Associates please read!

[horsePower]

Originally Posted by blackjack

Not to mention more money and respect!

Haha exactly. I wonder if there is still going to be a bonus when people pass the 7 exams

[Redhead]

Originally Posted by Utanapishtim

I'm not certain I mind much in any event. An associateship doesn't seem to me to be worth too much just now, apart from the conceit of adding letters after one's name. ...

Yes, because THAT'S why I've been working my ass off...the conceit of adding letters...thanks for clearing that up for us.

[GefilteFish144]

First company I worked for chief actuary was a career ACAS. He actually did a much better job than the FCAS who came after.

[blackjack]

Nothing like 1 data point to prove your point.

[GefilteFish144]

Data point #2: Chief Reserving Officer of one company doesn't have any letters. You'd never know it without looking at his business cards.

[cranberry]

"Uhg" - That is about the most positive comment I can make.
Please someone tell me this is a joke.

* The Board agreed that there should be some form of recognition to candidates who have gone part-way through the exams. There's no details on what this might be, but it would not be a designation (letters).

so... what sort of recognition would they have instead? You currently get a little ceremony at the meeting, a piece of paper, the official right to letters after your name, and the obligation to pay them dues. So.... we skip the ceremony, get a different piece of paper, don't get letters and keep our money?

So will exams cost even more to make up for that lost membership revenue?

These exams are rough. It's a moral boost to get those letters.

Certainly not the best idea I've heard today. I second your comment ed999

[the yellow dart]

Originally Posted by cranberry

so... what sort of recognition would they have instead?

Upon reaching the former ACAS milestone, a small care package will arrive, to be delivered to you by the chief actuary at your company. Among the contents will be:

A pair of blank annual statement books, which you may attempt to use as bookends.

A flashlight (batteries not included) so you can see the light at the end of the tunnel

One package of refrigerator magnets, so you can give yourself whatever damn letters you please.

One copy of the latest actuarial review, with an article listing the names of all who received such packages (tracking numbers provided)

One eight (8) foot piece of licorice, to twirl around your head while yelling "WHHEEEEEEEEEEEEEEEE"

[Maphisto's Sidekick]

Originally Posted by Jeanne Swanson

I was at the CAS Board meeting last week (as an interested member who was in Colorado Springs anyway). The CAS will be releasing the task force's report shortly and soliciting feedback from members and candidates. I encourage all of you to read everything carefully and send in your opinions. I am confident the Board will consider all feedback before voting on the task force recommendations in September. After that, there will be a period of time before Fellows will be asked to vote on a constitutional amendment (if one is deemed necessary).

As someone whose life circumstances has lead him to be resigned to being a career ACAS, but doesn't want to have his credentials effectively deprecated, I'd hope that the inclinations of the task force and board would be made clear in a timely enough manner so that folks like me could figure out what the hell (if anything) they should do about a new exam strategy.

[Utanapishtim]

Originally Posted by Redhead

Yes, because THAT'S why I've been working my ass off...the conceit of adding letters...thanks for clearing that up for us.

I see, you're one of those students who comes into the career aiming to stop at ACAS? I didn't realize they existed, I thought career associates mostly occurred by accident, as people obtained it and then changed their minds about continuing.
Very enlightening.
Thanks!

[Redhead]

Originally Posted by Utanapishtim

I see, you're one of those students who comes into the career aiming to stop at ACAS? I didn't realize they existed, I thought career associates mostly occurred by accident, as people obtained it and then changed their minds about continuing. Very enlightening. Thanks!

Um...no. I'm already an ACAS and have every intention of finishing. But like Maphisto's Sidekick "do not want to have my credentials effectively deprecated". I've worked too long and hard to get here only to have someone say "Oh well, it really didn't matter, sorry! But you can try for FCAS, see, that one counts."
You're welcome.