February 2014 Meeting

EVENT:  February 2014 Meeting

TOPIC:  Actuaries and the Public Interest
What is the responsibility of a profession to serve the public interest?   What is the responsibility of our profession?  What principles should inform our thinking on this topic?  Should individual actuaries be held to a different standard than the profession as a whole? 
At last month’s Chicago Actuarial Association meeting about public sector (state and local) pension plans, this issue was put squarely on the table.  The discussion revealed vivid examples of the tension between the responsibility of the individual to his or her principal and the responsibility of the profession to serve the public interest.  But these examples aren’t exclusive to public pensions.  It’s been argued that this tension is experienced by most actuaries on a daily basis.  The question is, are we even conscious of it? 
Tom Terry, President of the American Academy of Actuaries, will present his observations and thoughts on this topic and, importantly, solicit observations and thoughts from attendees. 

Attendance to this event will count for 1.2 Professionalism credits as required by the American Academy of Actuaries’ U.S. Qualification Standards.

SPEAKER:  Thomas S. Terry, MAAA, FSA, FCA, EA
President of the American Academy of Actuaries
Since 1975, Tom has been a pension actuary and business leader.  He is President of the American Academy of Actuaries and vice-chair of the International Actuarial Association's Pensions and Employee Benefits Committee. 
Tom is President of The Terry Group, a consulting and research organization.  He formerly held roles as CEO of JPMorgan Compensation and Benefits Strategies, President of CCA Strategies, and Principal/Vice President of Towers Perrin.

DATE: Tuesday, February 18, 2014
     3:30  Registration
     4:00  Speaker
     5:00  Reception, Hors D’oeuvres, and Networking

PLACE: BlueCross BlueShield of Illinois, Columbus B
300 East Randolph, Chicago, IL 60601

COST:  FREE.  Non-members welcome!
Please indicate in your RSVP if you will be staying for networking/ hors d’oeuvres so we can plan accordingly.

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