Products September 10, 2002

APSA Puts Certification Tests Online

October 9, 2002 (PLANSPONSOR.com) - Those searching for a convenient way to learn more about how to study for actuarial professional exams may want to take advantage of a new offering from a pension actuary group.

Reported by

Fred Schneyer

The American Society of Pension Actuaries (ASPA) announced that it has posted The Pension Administrator’s (PA-1A&B) and Daily Valuation (DV) exams online. Grades will be produced immediately, the group said.

The PA-1 Course offers an introduction to qualified retirement plans and pension plan administrative practices. The DV Course provides training and education to employees of all experience levels about the process and terminology associated with daily recordkeeping.

The PA-1A&B exams are two of the exams needed for the Qualified 401(k) Administrator (QKA) and the Qualified Pension Administrator (QPA) ASPA designations. The Daily Valuation exam is also one of the exams needed for the QKA.

Exam results are required in order to apply for ASPA’s professional designations and are often submitted to employers to meet educational expectations or in anticipation of a promotion or pay increase, the ASPA said.

ASPA also recently added a series of continuing education quizzes to its web-based tests and will be implementing additional e-learning programs in the near future, according to the company announcement.

For more information, go to the ASPA Web site .