FOR IMMEDIATE RELEASE
May 17, 2000

CONTACT: Jeffrey Speicher, 202-785-7867

Actuaries Unveil Online Retirement Guide

WASHINGTON, D.C. -- Enjoying a financially secure retirement requires smart planning. "When Your Retirement Plan Changes," an online booklet from the American Academy of Actuaries helps you understand how changes to your pension can affect retirement planning. The booklet was announced today at an Academy-sponsored Capitol Hill forum on cash balance plans.

"The Academy developed this online publication to help individuals get a better idea of how their retirement plan works," said Ron Gebhardtsbauer, senior pension fellow for the Academy. "The booklet provides basic information on pensions as well as specific information on cash balance plans. We hope that members of Congress and their staff will refer their constituents to the booklet as a useful and objective resource."

The booklet can be read or downloaded at: http://www.actuary.org/pub/actuary.org/statement00/cashbook.pdf

The American Academy of Actuaries is the nonpartisan public policy organization of the U.S. actuarial profession. The Academy provides independent analysis to elected officials and regulators, maintains professional standards for all actuaries, and communicates the value of actuarial work to the media and public. For more information, consult the Academy Web site, http://www.actuary.org.

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