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Elections

An “Election Commissioner” shall be appointed by the President no later than ninety (90) days prior to the beginning of the Annual Business Meeting. The Election Commissioner shall solicit Leadership Council Nominations from the Membership electronically no later than sixty (60) days prior to the beginning of the Annual Business Meeting. Upon receiving any Leadership Council Nomination, the Election Commissioner shall immediately notify the Nominated Candidate. All such Nominated Candidates seeking election to the Leadership Council must submit an electronic Nomination Acceptance and a statement by another Member seconding the Nomination no later than thirty (30) days before the Annual Business Meeting, at which time the Nominations Process is closed. Upon the closing of the Nominations Process, the Election Commissioner shall notify all Members electronically of the identity of the Nominees and shall arrange for the election of the Leadership Council Members as described herein.

In the event that any Nominated Candidate has not submitted a Nomination Acceptance by the close of the Nominations Process, or if there are an insufficient number of candidates for the open positions, the Election Commissioner shall so notify the Leadership Council, which shall have seven (7) days in which to choose and obtain the Nomination Acceptance of an Alternate Nominee or Nominees. In choosing any Alternate Nominee, the Leadership Council is authorized to select and obtain a Nomination Second and Nomination Acceptance from any Member in Good Standing.

The Election Commissioner shall be ineligible to run as a Leadership Council Member.  Voting for Leadership Council Members shall be conducted electronically by the Election Commissioner. The Voting Process will commence no later than twenty-one (21) days before the Annual Business Meeting and be completed at least three (3) business days before the Annual Business Meeting.  Those Nominees with the highest number of votes shall be elected. The President shall not vote, except in the event of a tie, and will do so at the Annual Business Meeting.  The Election Commissioner, or delegate, shall announce the voting results at the Annual Business Meeting. Results shall not be valid unless a quorum of one-tenth (1/10th) of the Members entitled to vote have cast ballots pursuant to this section.

 

2021 Election Timeline

The Election Commissioner shall be appointed no later than July 21, 2021.

The Election Commissioner solicits nominations no later than August 19, 2021.

Candidates submit electronic Nomination Acceptance no later than September 18, 2021.

 

Due to COVID-19, the Annual Business Meeting will take place during the Actuaral Luncheon at ASPPA Annual on Monday, October 18, 2021.

Voting shall commence no later than Septemeber 27, 2021. 

Voting shall close no later than October 15, 2021. 

 

The Election Commissioner for 2021 is ASEA Immediate Past President Lauren Okum. 

 

Proposed Changes to Operating Principles

In January 2021, ASEA convened a panel of volunteers to work in conjunction with leadership to review the content of the Operating Principles of ASEA. Currently, the Operating Principles contain language and references that have become outdated, primarily due to 1) the introduction of ARA which did not exist at the time the current Operating Principles were drafted, and 2) the dissolution of the Joint Disciplinary Committee (JDC) which is referenced in both the Operating Principles and the Disciplinary Procedures for Actuarial Members of the American Retirement Association. The Disciplinary Procedures have since been revised to remove reference to the JDC.

The goal of the panel was to recommend any changes necessary to either update outdated language, or to clarify references to ASPPA and ARA where appropriate. In reviewing the Operating Principles, the panel recommended 2 revisions in addition to these updates/clarification, including the following:

  • Article III: Change to the requirements for Membership – currently, to become a member of ASEA, an individual must be an Enrolled Actuary in good standing with the JBEA. Additionally, anyone who was an ASEA member as of September 2008 may remain an Active Member as long as they are a credentialed member of ASPPA. This leads to a situation where an individual could vacate their enrollment with the JBEA and still remain an Active Member of ASEA, with full rights to use the designation. The proposed revision would require that to be an Active Member you must be an Enrolled Actuary in good standing with the JBEA. Separately, the proposed revision would create a retired class of ASEA membership for those who voluntarily vacate their JBEA enrollment after December 31, 2021, as long as they remain a member of ASPPA. Such retired members would be required to use (R) at the end of their credentials. Note: under this proposed revision, all currently Active Members would remain Active Members unless the vacation of their enrollment occurred after December 31, 2021.
  • Article VI: Change in term of office - currently, the term of office for Officers and members of the Leadership Council begins and ends at the Transition Business Meeting (typically held in October as part of the ASPPA Annual conference). The proposed revision would instead base the term of office for Officers and members of the Leadership Council on a calendar year in order to better align with the other membership divisions of ARA. The revision would extend the current term of office until December 31, 2021, in order to achieve this alignment.

The Operating Principles require that any proposed amendment must first be approved by a majority of the Leadership Council and subsequently that prior to a vote by the membership. the proposed amendment must be presented to the Members of ASEA. The amendment shall become effective if approved by a majority of voting members.

In conjunction with the upcoming 2021 Leadership Council Elections, ASEA will solicit a vote of membership on the recommended revisions. The proposed revisions will be presented via 3 separate votes:

  • General updates and clarifications necessary to better reflect ASEA’s current operation
  • Article III: Change to the requirements for Membership, including introduction of Retired Member status
  • Article VI: Change in the term of office for Officers and members of the Leadership Council to calendar year

A redlined copy of the proposed revisions may be found here:  Proposed Operating Principles of ASEA

If you have any questions about these proposed revisions, or about the voting process, please feel free to contact Justin Bonestroo ([email protected]), or Allison Wielobob ([email protected]).