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CPD Requirement: Retirees

Frequently Asked Questions


In the membership directory, my "Employment Type" is listed as "Retired." Does that mean my CPD status will be listed as "Retired," as well?

  • If you meet the eligibility guidelines for reduced membership dues because you are retired, then your CPD status would be "Retired."
  • However, if you do not meet the eligibility guidelines for reduced dues for retirement, then your status would be "Compliant" or "Non-compliant," even if you have listed your employment type as "Retired."

What does it mean to be eligible for reduced dues because of retirement?

  • There are two categories under which members could pay reduced membership dues because of retirement:
    • Category 2, attainment of age 55 and retirement to the point of the current year's income (excluding retirement pay, Social Security or equivalent benefits and investment income) not exceeding 2016 income limit ($37,000).
    • Category 3, attainment of age 70
  • While the categories do not change frequently, they're subject to change so members should check the SOA website for the most current information.
  • The income limit changes annually (it is currently set at 80 percent of the U.S. per capita income, rounded to the nearest thousand).

If I am eligible for reduced dues because of retirement, am I subject to the SOA CPD requirement?

  • Yes, all members are subject to the SOA CPD requirement.
  • However, the default disclosure status, the status that will be disclosed if you do not demonstrate compliance, will be "Retired" because you are eligible for reduced dues because of retirement.

If I am eligible for reduced dues because of retirement, do I have to certify compliance?

  • No, your status will be noted as "Retired" if the SOA does not receive any notification of compliance. No member is required to certify compliance.
  • However, non-retired members will be shown as "Non-compliant" in the membership directory should they fail to certify compliance.

I am eligible for reduced dues because of retirement. Because I do work occasionally, I maintain my continuing education to meet my qualification standards. Am I able to certify compliance so I can be shown as compliant in the SOA membership directory?

If I am eligible for reduced dues because of retirement, would I ever be shown as "Non-compliant?"

No, the default status for members that are eligible for reduced dues because of retirement is "Retired."