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DWC Partner Joe Nichols Announced as ARA President
National 401(k) Consultancy is Proud to Announce Joe Nichols as President of the ARA
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ST PAUL, Minn., Jan. 21, 2021 /PRNewswire/ The American Retirement Association (ARA) has named Joe Nichols, ASA, EA, MSPA new President of the organization for calendar year 2021. Joe has previously served as both Treasurer of the ARA, and as President of the American Society of Pension Professionals & Actuaries (ASPPA) in 2016. I am privileged to serve alongside such a diverse group of professionals. The ARA Board, like its members, is comprised of third-party administrators, advisors, plan sponsors and actuaries who all adhere to a strict code of professional conduct, Nichols said. For 2021, the ARA Board will continue its important mission of advocating for the employer-based retirement system which helps Americans save for and achieve a comfortable retirement.
Finance ministry hiring actuarial services to assess retirement schemes
National
January 12, 2021
ISLAMABAD: The Ministry of Finance has decided to hire actuarial services from qualified actuarial firms to assess and determine the Retirement Benefit Schemes liabilities of the federal government as on June 30th 2020.
The federal government has a Defined Benefit (DB) Pension Scheme for all its civil servants. It also has a contributory provident fund scheme besides a post-retirement medical benefits. The scope of work for hired consultant firms include reports for pension, general provident fund and medical schemes of the federal government for both civil and military service for all forms of pension systems applicable whether Contributory Pension Funds or gratuities paid to contract employees. Scope of work also includes policy options for a new Defined Contribution Pension Scheme for the newly hired in the government. The Federal Government employs some 1.36 million individuals
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