■ ■ The U.S. Qualification Standards require “organized activities”
to be activities “that involve interaction with actuaries or other
professionals working for different organizations.” The CAS
describes “structured” activities as “any organized activity or
any experience which is derived from an organized activity
in which there is an opportunity for interaction or the viewing of interaction among participants.” The SOA describes it
similarly as “any organized activity or any experience which
is derived from an organized activity in which there is an opportunity for interaction among participants.” The primary
distinction between the definition in the U.S. Qualification
Standards and those of the CAS and the SOA is that listening to
recordings of webinars, audiocasts, and the like doesn’t constitute “organized activities.” But it does constitute “structured”
activities under the other schemes. When developing the U.S.
Qualification Standards, the Committee on Qualifications believed that the ability of an actuary to interact with panelists or
other participants was an important part of organized activities that doesn’t occur when listening to recordings.
■ ■ Under the CE requirements of the Joint Board, the term
“formal” CE has a specific definition distinct from the definition of “organized” or “structured.” The regulations state
that a program qualifies as formal with respect to participants only if the participants simultaneously engage in the
program in the same physical location with at least two
others engaged in substantive pension service, and also
must have the opportunity to interact with another individual qualified with respect to the course content who
serves as an instructor.
SHEILA J. KALKUNTE is the Academy’s assistant
general counsel and staff liaison to the Academy’s Committee
“Qualification Standards for Actuaries Issuing Statements of Actuarial
Opinion in the United States,” 2008, American Academy of Actuaries.
With the exception of enrolled actuaries, actuaries can keep
track of their required continuing education by any reason-
able method. it is recommended that you maintain your CE
records for at least six years. Tracking options include:
■ ■ TRACE, the Academy’s tracking tool, available online to
both members and nonmembers. www.actuary.org/trace.
■ ■ Canadian institute of Actuaries online tracking tool,
available only to members. www.actuaries.ca/members/
■ ■ Conference of Consulting Actuaries tracking tool, available
only to members. www.actuarialcpd.org/.
“Continuing Professional Development (CPD) Requirement,” 2009,
Society of Actuaries. www.soa.org/files/pdf/current-cpd-req.pdf.
“CAS Continuing Education (CE) Policy,” 2010, Casualty Actuarial Society.
Regulations Governing the Performance of Actuarial Services Under the
Employee Retirement Income Security Act of 1974, 76 Fed. Reg. 17762, 17763
(Mar. 31, 2011) (amending 20 C.F.R. Sec. 901)
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