Purpose and Business

The JSCPA is a professional organization of Certified Pension Actuaries who are in general engaged in pension actuarial services for Employees’ Pension Funds, National Pension Funds and Defined Benefit Corporate Pension Plans. Its purpose and business are as follows.

Purpose

The purpose of the Society shall be to engage in activities necessary to help widely diffuse and develop pension systems, including contributions to enhancing the financial well-being and welfare of citizens by striving to enhance the skill levels and uphold the integrity of the actuarial profession, and progressively improve pension actuarial services.

Business

  1. To establish, amend, and abolish standard of practice necessary to engage in services concerning the funding of Employees’ Pension Funds and Defined Benefit Corporate Pension Plans
  2. To establish, amend, and abolish standard of practice necessary to engage in services concerning post-employment benefit accounting
  3. To establish, amend, and abolish a code of Professional Conduct to uphold the integrity of members
  4. To conduct research and study to progressively improve pension actuarial services
  5. To engage in activities for training and education to enhance the skill levels of members and to progressively improve pension actuarial services
  6. To conduct knowledge and skill examinations to determine the satisfaction of membership requirements
  7. To administer materials relating to the register of Certified Pension Actuaries
  8. To transmit information such as by issuing and publishing bulletins, public-relations periodicals, and other publications
  9. To engage in any activities necessary to accomplish the purpose provided for in the preceding article other than those activities stated in each of the preceding items

Activities

The Society has been conducting various activities, such as publishing proposals and comments, establishing actuarial standards, and providing conferences for the efficient operation and development of Employees’ Pension Funds, National Pension Funds and Defined Benefit Corporate Pension Plans. The details are as follows.

Proposals and Comments

The latest examples

・October 21, 2015Comments on IASB’s Exposure Draft “Remesurement on a Plan Amendment, Curtailment or Settlement/Availability of a Refund from Defined Benefit Plan (Proposed amendment to IAS 19 and IFRIC 14)”
・July 29, 2015Proposal on “Enhancing flexibility of contributions under Defined Benefit Corporate Pension Plan”
・June 18, 2015Comments on proposed updates of IAA Education Syllabus
・February 23, 2015Comments on ASBJ’s Exposure Draft “Proposed Amendments to Guidance on Accounting Standard for Retirement Benefits”
・November 28, 2014Comments on IAA’s Final Draft “ISAP3 Actuarial Practice in Relation to IAS19 Employee Benefits”
・October 23, 2014Comments on ASBJ’s Exposure Draft “Japan’s Modified International Standards (JMIS): Accounting Standards Comprising IFRSs and the ASBJ Modifications”
・April 24, 2014Comments on IAA’s Exposure Draft “ISAP 3 Actuarial Practice under IAS 19 Employee Benefits”
・January 9, 2014Comments on IASB’s Discussion Paper "A Review of the Conceptual Framework for Financial Reporting"
・August 29, 2013Comments on ASBJ’s Practical Issues Task Force (PITF) Exposure Draft “Practical Solution on Transactions of Delivering the Company’s Own Stock to Employees through trust agreement”
・July 22, 2013Comments on IASB’s Exposure Draft “Defined Benefit Plans: Employee Contributions (Proposed amendments to IAS 19)”

Development of Actuarial Standards of Practice

  • Actuarial Standard of Practice in relation to funding of Employees’ Pension Funds
  • Actuarial Standard of Practice in relation to funding of Defined Benefit Corporate Pension Plans
  • Actuarial Standard of Practice in relation to post-employment benefits accounting
  • Actuarial Guidance in relation to post-employment benefits accounting
  • Actuarial Standard of Practice in relation to IAS 19 Employee Benefits

Surveys and Research

  • Publication of JSCPA Research Report
  • Collection of documents and books related to pensions
  • Researching and reporting on pensions

Seminars

  • Special Speech and Open Seminars
  • Conferences
  • E-learning courses
  • Pension actuarial studies

Public Relations

  • Bulletin of “Certified Pension Actuaries”
  • Websites maintenances

International Relations

  • A full member of the IAA (The International Actuarial Association) (since September 19, 1999)
  • Submission of comments to relevant international organizations
  • Participation in international meetings
  • Researching and reporting on trends in overseas pensions
  • Networking events with pension professionals of foreign actuarial associations

Educational Activities

  • Knowledge and skill examinations to determine the satisfaction of membership requirements
  • Supporting “Pension Actuarial Mathematics Course” at graduate schools
  • Publication of books related to corporate pension plan
  • Solicitation of papers on pensions

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  • Message from the Chairman
  • Purpose and Business
  • Outline
  • Statutes
  • Committees and Task Forces, and their Roles
  • Code of Professional Conduct and Disciplinary Regulations
  • Due Process for Actuarial Standards of Practice and Actuarial Guidance
  • Continuing Professional Development Program