No EA sessions are recorded. As a condition of your attendance at the meeting, you agree not to audio or video record any portion of the educational sessions held at the meeting. Any violation of this condition may result in your ejection from the meeting without a refund of your registration fee. In addition, you agree that the CCA shall be entitled to any costs incurred as a result of any violation of this provision, including payment of CCA’s attorneys’ fees. Violators may be prohibited from attending future meetings/events.
This might speed things up a bit since moderators can replace the ubiquitous opening announcement:
This session is being recorded. If you have a question please come to the microphone or it will not be on the tape. Please identify yourself and speak clearly. Your opinions will considered your own and will not represent the opinions of your employer or the government agency you work for. Recordings of individual sessions can be purchased separately or together after the meeting.
Is John Bury in the room?
Among the conveniences that 41 years of holding these meetings has brought is that session handouts are online before the meeting so you can decide which sessions would be best to attend (ie. those least likely to spend their 90 minutes on reading the session handout off a screen).
An interesting one based on its title is Session 406: Ethical Dilemmas Public Plan Actuaries. I am not sure as to whether handouts are also supposed to be kept secret so I will make a précis of the four dilemmas up for discussion:
- Opinion Shopping: one actuary says 10-year asset smoothing is OK (and gets hired) but we all know 5-year smoothing is as far as you can go.
- Whistle Blowing and Confidentiality: after a valuation is out (and you happen to move on to another firm) you realize that you made an honest mistake on the valuation (left out a participant or two) and wonder if you have to tell anybody besides the boss at the place you left who doesn’t seem to care.
- Control of Work Product: should you do EXACTLY what you are told to do by politicians and the staff of the public system that hired you? (Regarding report wording mostly – of course you have to use the actuarial assumptions they tell you to use.)
- Conflict of Who’s Interest?: Your firm has as clients a public plan for a city and a multiemployer (union) plan with employees in that city.
Nothing about politicians picking your assumptions and their contributions. Apparently that presents no dilemma for public plan actuaries.