Acronym Definitions

American Academy of Actuaries

Actuarial Accrued Liability

American Association of Retired Persons

Accumulated Benefit Obligation

Asset Backed Securities

Automated Call Distribution

All Country World Index

Americans with Disabilities Act (1990)

Age Discrimination in Employment Act

American Depository Receipt

American Federation of Labor-Congress of Industrial Organizations

American Federation of State, County and Municipal Employees

American Federation of Teachers (AFL-CIO)

American Institute of Certified Public Accountants

Average Indexed Monthly Earnings

Accrued Liability

American Legislative Exchange Council

American Stock Exchange

Annual Pension Cost

Administrative Policy Regarding Self Correction

Actuarial Present Value

Actuarially Required Contribution

Annual Required Contribution

Associate, Society of Actuaries

American Society of Association Executives

Actuarial Standards Board

American Savings Education Council

Actuarial Standards of Practice

Assets Under Management

Actuarial Value of Assets

Adequate Yearly Progress [part of the NCLB Act]

Best And Final Offer

Bank Investment Contract

Bureau of Labor Statistics

Business Process Improvement

Basis Points

Brazil, Russia, India, China [fast-growing Third-World economies]

Same as BRIC, but with Mexico included

Certified Association Executive

Comprehensive Annual Financial Report

California Association of Nonprofits

Certificate of Achievement in Public Plan Policy

Conference of Allied Society Executives

Collateralized bond obligation

Congressional Budget Office

Certified Cash Manager

Certificate of Deposit

Collateralized debt obligation

Chartered Financial Analyst

Commodity Futures Trading Commission

Council of Institutional Investors

Corporate Inflation-Protected Securities

Commercial Mortgage-Backed Securities

Centers for Medicare & Medicaid Services

Consolidated Omnibus Budget Reconciliation Act

Cost of Living Adjustment

Corporate Owned Life Insurance

Congressional Oversight Panel (for the TARP)

GFOA’s Committee on Retirement and Benefits Administration

Consumer Price Index

Coalition to Preserve Retirement Security

Congressional Research Service

Council of State Governments

Directors and Officers (insurance)

Plan Defined Benefit Plan

Plan Define Contribution Plan

Dow Jones Industrial Average

Department of Labor

Dividend Reinvestment Plan

Domestic Relations Order

Deferred Retirement Option Plans [see PLOP and WAR, too]

Errors and Omissions (insurance)

Enrolled Actuary

Europe Australia and Far East [Index]

Earnings Before Interest, Tax, Depreciation, and Amortization

Employee Benefit Research Institute

Electronic Gathering Analysis and Retrieveal System

Equal Employment Opportunity Commission

Economic Growth and Tax Relief Reconciliation Act

Earnings Limitation Savings Account

Emerging Market

Emerging Markets Bond Index

Emerging Markets Free [from Morgan Stanley Capital International (MSCI)]

Emerging Markets Private Equity

Employee Plans Compliance Resolution System (IRS)

Earnings Per Share

The ERISA Industry Committee

Employee Retirement Income Security Act

Exchange Traded Fund

Economically Targeted Investment

European Union

Earned Value

Final Average Compensation

Final Average Salary

Financial Accounting Standards Board

Fellow of the Conference of Consulting Actuaries

Foreign Direct Investment

Federal Deposit Insurance Corporation

Financial Economics

Foreign Exchange

Federal Housing Authority

Federal Home Loan Mortgage Corporation (Freddie Mac)

Federal Insurance Contributions Act

Financial Industry Regulatory Authority

Fair Labor Standards Act of 1938

Family and Medical Leave Act of 1993

Federal National Mortgage Association (Fannie Mae)

Fund of Funds

Freedom of Information Act

Federation of Public Employees

Forward Rate Agreements

Fellow of the Society of Actuaries

Federal, State, & Local Governments office of IRS Tax Exempt/Government Entities Division

Financial Times (and London) Stock Exchange [UK Stock Index] (“Footsie”)

Fiscal Year

Government Accountability Office

Governmental Accounting Standards Advisory Council

Government Accounting Standards Board

Gross Domestic Product

Government Finance Officers Association

Guaranteed Investment Contract

Government National Mortgage Association (ginnie mae)

Government Owned Life Insurance

General Partner

Government Pension Offset

Health Care

High Deductible Health Plan

Heroes Earnings Assistance and Relief Tax ActHELPS Healthcare Enhancement for Local Public Safety

Hedge Funds

US Department of Health and Human Services

Health Insurance

Health Insurance Portability and Accountability Act

Health Information Technology

Health Maintenance Organization

Human Resources

Health Reimbursement Arrangement

Health Savings Account

Individual Account Program

IntercontinentalExchange

International City/County Management Association

Industrial Development Bond

Individualized Education Program

International Foundation of Employee Benefit Plans

Initial Public Offering

Individual Retirement Account

Internal Revenue Code

Internal Revenue Service

Information Technology

Keep It Short and Simple

Leveraged Buy-Out

Liability Driven Investing

London Inter- bank Offered Rate [Rate of interest London banks are willing to pay for U.S. deposits]

Limited Liability Company

Line-Of-Business

Limited Partner

Long-Term Care

Leave WithOut Pay

Medicare Advantage—Prescription Drug [Plan]

Medicare Advantage—Private Fee-for-Service [Plan]

Member, American Academy of Actuaries

Mortgage-backed securities

Medicare Modernization Act [2003]

Modern Portfolio Theory

Medical Savings Account

Morgan Stanley Capital International Indices

Market Value of Assets

Market Value Liability

National Association of Counties

North American Free Trade Agreement

National Association of Government Defined Contribution Administrators

National Association of Public Pension Attorneys

National Association of Retired Federal Employees

National Association of State Auditors, Comptrollers and Treasurers

National Association of State Budget Officers

National Association of Securities Dealers

National Association of Securities Dealers Automated Quotation [System]

National Association of State Investment Officers

National Association of State Retirement Administrators

National Association of State Treasurers

National Coalition on Health Care

No Child Left Behind [Act]

National Conference on Public Employee Retirement Systems

National Council of Real Estate Investment Fiduciaries

National Conference of State Legislatures

National Council on Teacher Quality

National Council on Teacher Retirement

National Education Association

National Governors Association

Non-Governmental Organization

National Institute on Retirement Security

National League of Cities

Net OPEB Obligation

New Pension Administration System

National Pre-Retirement Education Association

Net Pension Obligation

Normal Retirement Age

Nationally recognized statistical rating organization

Educator Community (formerly National Retired Teachers Association)

New York Stock Exchange

Old-Age, Survivors, & Disability Insurance [US Social Security]

Omnibus Budget Reconciliation Act

Organization for Economic Cooperation & Development

Office of Management and Budget

Out-Of-Pocket

Other Post Employment Benefits

Other Post Employment Benefits Obligation Bond

Occupational Safety and Health Act

Over the Counter

Older Workers Benefit Protection Act of 1990

Price Earning Rato

Public Agency

Plan Approved Domestic Relations Order

Pay As You Go

Pension Benefit Guarantee Corporation

Public Company Accounting Oversight Board

Prescription Drug Plan

Private Equity; also Price-to-Earnings (ratio)

Public Employee Pension Plan Reporting and Accountability Act

Public Employee Retirement Income Security Act

Public Employee Retirement System

Partial Lump-Sum Option Plans [see DROP and WAR, too]

Prime Lending Rate

Partial Lump Sum Option

Project Management Office

Pension Obligation Bond

Public Offering Price

Point of Service Plan

Pension Protection Act

Public Pension Coordinating Council

Public Pension Network

Preferred Provider Organization

Pension Real Estate Association

(World Bank’s) Private Sector Advisory Group

Purchases of Service Credit

Private Securities Litigation Reform Act of 1995

Qualified Domestic Relations Order

Qualified Excess Benefit Arrangement

Qualified Joint and Survivor Annuity

Qualified Pre Retirement Survivor Annuity

Real Estate

Real Estate Investment Trust

Request For Information

Request for proposal

Residential mortgage-backed securities

Retiree Medical Trust

Return on Asset Assumption

Return on Investment; also Rate of Interest

Return on Invested Capital

Standard & Poor’s 500 Stock Price Index

Salary Reduction Simplified Employee Pension Plan

Small Business Job Protection Act

State Children’s Health Insurance Program

Securities and Exchange Commission

Service Employees International Union

Simplified Employee Pension Plan

Simplified Employee Pension Individual Retirement Account

Simple Incentive Match Plan for Employees

Structured Investment Vehicle

State and Local Governments

Student Loan Marketing Association (Sallie Mae)

Subject Matter Expert

State-Owned Enterprises

Sarbanes-Oxley Act of 2002

Summary Plan Description

Single Premium Deferred Annuity

Social Security Administration

Social Security Disability Insurance

Supplemental Security Income

Students Taking Action Now: Darfur (student anti-genocide coalition group)

Short Term Investment Fund

Separate Trading of Registered Interest and Principal of Securities

State Teachers Retirement System

Treasury Bill

Treasury bond

Treasury note

Troubled Assets Relief Program

Tax Exempt & Government Entities Division of the IRS

Teachers Insurance Annuity Association–College Retirement Equities Fund

Treasury Inflation Protection Securities

Third Party Administrator

True Out-Of-Pocket

Tax Sheltered Annuity Voluntary Corrections Program

Unfunded Actuarial Accrued Liability

Unfunded Actuarial Liability

Unrelated Business Income Tax

Usual, Customary and Reasonable Fees

Uniform Management of Public Employee Retirement Systems Act

Uniform Prudent Investor Act

Uniform Prudent Management of Institutional Funds Act

US Conference of Mayors

Uniformed Services Employment & Reemployment Rights Act (1994)

Veterans Administration

Value at Risk

Voluntary Compliance Resolution

Voluntary Employees’ Beneficiary Association

Work After Retirement [see DROP and PLOP, too]

Windfall Elimination Provision