In this issue:

• Impact of SECURE 2.0 on Governmental Plans
• IRS Ruling on Retiree Medical Benefits to Active Employees
• End of the COVID-19 Public Health Emergency and National Emergency
• Implications of Braidwood: The ACA Preventive Care Decision

This issue includes the following news summaries:

• NCPERS Studies the Impact of Public Pension Expenditures on Education Spending
• CRR Releases Brief on the Sustainability of State & Local Pensions
• NIRS Issues Brief on Social Security's Special Minimum Benefit
• Medicare Trustees Release the 2023 Report on the Financial Status of Medicare Funds
• Social Security Trustees Release the 2023 Report on the Status of Social Security Funds

This issue includes the following news summaries:

• National Organizations Release ASOP 4 Toolkit for Measuring Pension Obligations and LDROM
• HHS Releases Issue Brief on Health Coverage Under the Affordable Care Act
• Groom Law Group Summarizes SECURE 2.0 Changes for Tax-Exempt Entities and Church Plans
• NASRA Updates Brief on Public Pension Plan Investment Return Assumptions
• MissionSquare Research Institute Finds Many Public Sector Workers Are Concerned About Inflation

This issue includes the following news summaries:

• NASRA Updates Issue Brief on State and Local Government Spending on Public Employee Retirement Systems
• CRS Updates Report on Social Security's Windfall Elimination Provision (WEP) and Government Pension Offset (GPO)
• American Academy of Actuaries Public Plans Committee Releases Practice Note on Fixed Rate Pension Funding
• NCPERS Releases 2022 Public Retirement Systems Study
• MissionSquare Publishes Report on Public Service Workforce Financial Wellbeing

The Actuarial Standards Board (ASB) adopted a revision to Actuarial Standard of Practice (ASOP) No. 4, Measuring Pension Obligations and Determining Pension Plan Costs or Contributions. The revised ASOP will be applicable to actuarial valuations performed beginning in the spring of 2023.

This article highlights some of the revisions to ASOP No. 4 and its implications for public pension plans.