Thursday, October 27, 2016

Upcoming Webinar, Nov. 17: “Replacing the Replacement Rate: How Much is ‘ENOUGH’ Retirement Income?”

Live Webinar Thursday, November 17th with expert instructor Bonnie-Jeanne MacDonald.



LIVE WEBINAR with Dr. Bonnie-Jeanne MacDonald, PhD FSA
Replacing the Replacement Rate: How Much is "ENOUGH" Retirement Income?
Thursday, November 17, 2016, 1:00 – 2:15 PM EST
1.5 Hours SOA CPD, CAS CE, Core EA CE Credit
This webinar can fulfill requirements for organized credit.
The “final earnings replacement rate” (where 70% is often advocated as the “right” target) has been the longstanding and widespread measure of retirement income adequacy - financial planners use this benchmark, as do actuaries (and other pension plan advisors), academics, and public policy analysts.  It underlies our pension systems, drives the research that determines whether populations are prepared or not prepared for retirement, and is the backbone of retirement planning software. But does it do the job that it is supposed to do? Will 70% of a worker’s final annual employment earnings sustain living standards after retirement?
This presentation examines whether workers who hit this target actually can expect to maintain their living standards in retirement.  I also discuss an alternative, more accurate, basis for assessing how well a worker’s living standards are maintained after retirement - the Living Standards Replacement Rate.
Based on ten years of research and analysis in industry, academia, and government, this presentation answers the often posed but never answered question "how much is ENOUGH retirement income?"
This award-winning work has been published in a prestigious peer-reviewed academic journal, which can be downloaded without fee:
Learning Objectives

  1. Learn an alternative, and more accurate, way to measure retirement income adequacy
  2. Discover the validity of the conventional final earnings replacement rate
  3. Understand Retirement Income Adequacy

Who Should Attend?
Actuaries, public policy analysts, pension plan sponsors, financial planners, and academics who work within the field of pensions, state retirement income systems or retirement financial planning

Register for this Webinar >

Can't attend the live webinar? Email us and we'll notify you when a recording is available.

Instructor Bonnie-Jeanne MacDonald, PhD, FSA is a Fellow of the Society of Actuaries and an academic researcher in Halifax, Canada. Her research focuses on financial security for an aging population, asking pertinent questions from a holistic perspective by incorporating and integrating the often-ignored elements such as home ownership, medical expenses, the financial circumstances of family members, and the government's complex tax and transfer system.

Building on best practices from the academic world, while combining innovative research with industry need, her goal is to improve the retirement financial security of people in practice (and not just in theory). She received the 2001 Gold Medal in Actuarial Science (Hon BSc) at the University of Western Ontario in Canada, a PhD in Actuarial Mathematics at Heriot-Watt University in Scotland, a Postdoctoral Fellowship in Actuarial Sciences at the University of Waterloo, and a Postdoctoral Fellowship in Economics at Dalhousie University. In 2011, she was selected as one of the top 'young economists' by the Canadian government to attend the Lindau Nobel Laureate Meeting in Germany. She is a regularly invited guest speaker, and her ideas are increasingly being adopted by industry, government, and academia, in both Canada and abroad. The work that she will be presenting won the 2014 Pension, Benefits and Social Security Scientific Committee Award Prize for Best Paper at the 30th International Congress of Actuaries in April 2014.

Early pricing ends on Thursday, November 3rd 2016 for this webinar.
The registration fee includes access to the webcast recording and supplemental materials for up to 180 days.



Early Registration

Regular Registration


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2-100 Terminals



EA Credit Information:
The Joint Board for the Enrollment of Actuaries (JBEA) has approved ACTEX as a qualifying sponsor of continuing professional education (CPE) programs for enrolled actuaries.
ACTEX believes in good faith that you may earn continuing professional education (CPE) non-core non-ethics credits under the Joint Board for the Enrollment of Actuaries (JBEA) rules for attending this webinar. The JBEA makes the final determination about what constitutes core, non-core, ethics, or non-ethics CPE and the number of CPE credit hours allocated.

Discount for Full-Time Students
Students with current enrollment as a full-time student at any college/university are eligible for a 50% discount. In order to access this discount, please email proof of enrollment using your college/university e-mail address to Examples of enrollment proof would be a copy of your registration information, or an unofficial transcript.

Discount for Educators
Faculty members of any accredited higher-education institution are eligible for a 20% discount. In order to access this discount, please contact us via email ( using your college/university e-mail address.

Discount for Regulatory Actuaries
Regulatory Actuaries (Regulators) are eligible for a 30% discount. In order to access this discount, please contact us via email ( using your government email address.

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