Guardians of the Plan: AI and Cyber Frontiers in Plan Administration
Guardians of the Plan: AI and Cyber Frontiers in Plan Administration
This session is from the September 2024 Trustee School. Content may be dated.
Session Summary: This session will provide a cutting-edge exploration of how artificial intelligence is transforming pension plan administration. Session participants will discover practical AI strategies coupled with some ethical guidelines, complete with a ready-to-implement Board acceptable use policy for the use of AI in plan administration. The session will bridge the new with the old as we delve into the dual-edged sword of AI's role in both advancing administrative efficiency and escalating cyber threats. Session participants will learn how robust internal controls and age-old wisdom can combat modern challenges, including the perennial issue of payments to deceased plan members. This session provides trustees a path to safeguarding their plan’s future against the evolving landscape of technological threats.
Presenter:
J. Scott Baur
Managing Partner
Resource Centers LLC
Credits: This course is worth 1.0 GAPPT CEC (Continuing Education Credit). It also qualifies for 0.1 IACET CEU (Continuing Education Unit).
Instructions: Participants must watch the session video presentation and pass the session assessment to earn GAPPT CECs and IACET CEUs.
Prerequisites: None.
Equipment Requirement: Computer, tablet or smartphone and internet access. To avoid issues, please use Google Chrome as your browser.
Cost: Member Registration: $80.00 / Non-Member Registration: $120.00
Distributors may purchase multiple copies of packages to distribute to learners, and follow their progress. Bulk discounts are below.
Quantity
Price per voucher
1+
$0.00
FAQ
In this session, participants will learn to:
Identify key AI technologies that can enhance efficiency in pension plan administration and the potential ethical considerations associated with their use.
Describe how to implement a board-acceptable use policy for AI that aligns with the ethical guidelines and enhances plan administration.
Recognize cyber threats that leverage AI technologies and identify traditional internal controls and procedures to mitigate these risks.
Discuss the importance of robust internal controls in preventing fraud and errors, including payments to deceased plan members.
Review creative strategies to safeguard pension plans against continually evolving technological threats.