Board Meeting Synopsis

June 16, 2017

The Board of Directors met for its regular meeting on Friday, June 16, 2017 in Denver, Colorado.  All directors were present except for Lance Foreman who had an excused absence for the meeting, as well as the society officers.
 
Actions of the Board during its meeting included the following:

  • Received and accepted reports from the Audit Committee and Executive Committee.
  • Reviewed and discussed March 31, 2017 financial reports for the society including the Quarterly Statutory Statement for the period ending March 31, 2017.
  • Reviewed and ratified the investment transactions for the first quarter of 2016.
  • Received and discussed reports from society officers.
After the regular Board meeting, board members participated in the Audit Committee meeting where Society Actuaries reported on the Asset Adequacy Analysis or Cash Flow Testing as of December 31, 2016 and Society Auditors reported on the Audited Financial Statements as of December 31, 2016.

 

Facts on Aging

Per the Population Reference Bureau, among people age 65 and older in 1965, only 5 percent had completed a bachelor’s degree or more. By 2014, this share had risen to 25 percent.
Population Reference Bureau

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