The body will be known as the ASPPA College of Pension Actuaries (ACOPA), according to a press release from the groups. The boards of directors of both organizations will develop a formal agreement to implement the plan, which will be offered for a vote by the COPA membership later this year.
With membership approval, ACOPA would function as an operating unit within ASPPA to represent the needs of the combined group of pension actuaries, the release said.
Rick Block, COPA President, said in the release that many of the members of the organization he heads also are members of ASPPA and share mutual beliefs and goals. “The collaboration of ASPPA and COPA efforts is a natural progression in the best interests of both organizations,” he said.
Sal Tripodi, President of ASPPA, said in the release that the move could be completed as early as September.