A revised version of Actuarial Standard of Practice No. 6 (ASOP 6) is effective for any plan with a measurement date on or after March 31, 2015. The new ASOP 6 requires that actuaries value the “true cost” of providing health benefits. Milliman actuary Markella Roma provides some perspective in this PERiScope article.
Actuarial work is governed by certain standards of practice, known as the ASOPs—Actuarial Standards of Practice. The videos below were developed to bring the ASOPs to life, a series we call “ASOP’s Fables.”
If people express interest we can develop more ASOP droid videos—or this may be the only contribution to the genre.