Temple Roll Call
I am curious who of us is on the board - without giving away identity, can we state our area of concentration and location (and perhaps year of graduation)?
Originally Posted by Duffer
We, the actuarial profession, did several things badly.
1. Pandering - we marketed ourselves as finding clever ways to give the public pension sponsors something for nothing
2. Ignored consequences - we found clever ways to allow politicians to ignore the true costs of benefit increases, like negative amortization of losses
3. Low standards of measurement - GASB had the most simple-minded of standards, and is now only going half-way to raise the standard.