BPAS’ Kemp named American Academy of Actuaries Social Security Committee chair

UTICA, N.Y. — BPAS recently announced that Amy Kemp, VP of consulting at BPAS Actuarial & Pension Services, has been named chair of the Social Security Committee of the American Academy of Actuaries.

BPAS is a national provider of retirement plans, benefit plans, fund administration, and collective-investment trusts. The American Academy of Actuaries is a Washington, D.C–based professional association with 19,500-plus members whose mission is to serve the public and the U.S. actuarial profession.

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 primary 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, an associate of the Society of Actuaries, and an enrolled actuary licensed to provide actuarial services under ERISA (Employee Retirement Income Security Act of 1974). She has more than 30 years of experience in defined-benefit plans and actuarial consulting in industries such as health care, manufacturing, and higher education.

“I am honored and excited to be named the Chair of the American Academy of Actuaries Social Security Committee,” Kemp said in a statement. “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.”

BPAS supports 3,800 retirement plans, $100 billion in trust assets, $1.3 trillion in fund administration, and more than 450,000 participants. It’s a wholly owned subsidiary of Community Bank System, Inc. (NYSE: CBU).