Amy Kemp Named American Academy of Actuaries Social Security Committee Chair

Utica, NY (December 8, 2020). BPAS, a national provider of retirement plans, benefit plans, fund administration and collective investment trusts, announced today that Amy Kemp, Vice President, Consulting at BPAS Actuarial & Pension Services, has been named Chair of the Social Security Committee of the American Academy of Actuaries.

As part of the Pension Practice Council of the American Academy of Actuaries, the Social Security Committee’s purpose is to provide independent and objective analysis, advice, and education to stakeholders of social insurance plans. With a principal focus on Social Security, the committee offers expertise in financing, annual reporting, managing system risks, and program design.

Kemp is a Member of the American Academy of Actuaries (MAAA), an Associate of the Society of Actuaries (ASA), and an Enrolled Actuary licensed to provide actuarial services under ERISA (EA). She also brings to the role her more than 30 years of experience in defined benefit plans and actuarial consulting in industries as diverse as healthcare, manufacturing, and higher education.

“I am honored and excited to be named the Chair of the American Academy of Actuaries Social Security Committee,” said Kemp. “My passion and commitment to Social Security, along with a strong desire to encourage bipartisan reform prior to the combined Social Security trust fund reserve depletion projected in 2035, will assist in serving in this role. I hope my time as Chair serves to bring forth positive discussions about the finances and provisions of the program for the benefit of all stakeholders.”

“Social Retirement programs are one of the great achievements of government in the past 100 years,” added Vince Spina, President, BPAS Actuarial & Pension Services. “It’s one government program that benefits nearly every worker in the U.S. I’m excited that Amy will be able to lead a forum for options to be considered and discussed in a rational manner so we can ensure future workers can continue to retire with dignity. I couldn’t think of a better person to serve as Chair.”

About BPAS
BPAS is a national provider of retirement plans, benefit plans, fund administration, and collective investment trusts. We support 3,800 retirement plans, $100 billion in trust assets, $1.3 trillion in fund administration, and more than 450,000 participants. With our breadth of services, depth of creative talent, and financial resources, we are well-positioned to help our clients solve all their benefit plan challenges without the need to engage multiple providers. One company. One call.

BPAS services: Plan Administration & Recordkeeping | Actuarial & Pension | Collective Investment Trusts | Fund Administration | Custody | Transfer Agency | 3(16)/3(38) | Healthcare Consulting | IRA | HSA | VEBA | Consumer-Driven Health Plans.

BPAS specialty practices: Auto Enrollment Plans, Multiple Employer Trusts/Plans, Plans with Employer Securities, Puerto Rico Section 1081 Plans, VEBA/HRA Plans, Cash Balance Plans, Collective Investment Trusts, and Fund Administration.

BPAS subsidiaries: BPAS Trust Company of Puerto Rico, Global Trust Company, Hand Benefits & Trust, and NRS Trust Product Administration.

As a solutions-oriented national practice, we are committed to “Solving Tomorrow’s Benefit Challenges Today.” Visit bpas.com for more information.

About the American Academy of Actuaries
The American Academy of Actuaries is a D.C.-based 19,500+ member professional association whose mission is to serve the public and the U.S. actuarial profession. Academy members include consultants, corporate executives and staff, regulators, government officials, academics, and retired actuaries. Their areas of practice cover pensions, life insurance, casualty insurance, health insurance, financial reporting, risk management, and more.

The Academy assists public policymakers on all levels by providing leadership, objective expertise, and actuarial advice on risk and financial security issues. The Academy also sets qualification, practice, and professionalism standards for actuaries credentialed by one or more of the five U.S.-based actuarial organizations in the United States.

Many of today’s most pressing public policy issues require the sound application of actuarial principles. The Academy provides actuarial expertise and advice to public policy decision makers on a wide array of issues that require the special set of skills and qualifications that actuaries offer. It also advocates on behalf of the profession and promotes the use of actuaries in non-traditional industries. Visit actuary.org for more information.