ASOP 4 Update

For whenever it comes. Now that the CCA/AAA lawsuit is over:

Maybe ASOP 4 revisions will be adopted.

Dug up from my archives:
Back in 2014, there was a call for comment on changing pension-related ASOPs:

I exhorted the masses to come forth and comment!
https://stump.marypat.org/article/86/public-pensions-watch-tell-the-actuaries-what-you-want-to-know

Updates for ASOPs 4, 27, and 35 were developed; the updates for 27 & 35 were adopted last year:

We’re still waiting on ASOP 4. Last draft I saw was from January 2020:
https://stump.marypat.org/article/1315/revisiting-actuarial-standards-asop-4-has-second-exposure-draft

Anyway, now to go read the last ASB Boxscore to gets some professionalism credits, and to see if there’s any update on ASOP 4.

Okay, here we go:

The ASB tentatively plans to review the following drafts during its March 2021 meeting:
• a proposed revision of ASOP No. 4, Measuring Pension Obligations and Determining
Pension Plan Costs or Contributions (third exposure draft from the Pension Committee);

I look forward to the next exposure draft.

FWIW, I just wrote a piece on ASOP 56 (Modeling) for the Modeling Section newsletter, which will be coming out in April. Watch for it! (and get some professionalism credit for reading it!)