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Froogle 1.1.1.7
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Elias Makere, FSA, MAAA
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ASOP 4 | §2.8 | CONTRIBUTION ALLOCATION PROCEDURE

A procedure that determines one or more actuarially determined contributions for a plan. The procedure uses an actuarial cost method and may use an asset valuation method, an amortization method, or an output smoothing method. The procedure may produce a single value, such as normal cost plus an amortization payment of the unfunded actuarial accrued liability, or a range of values, such as the range from the ERISA minimum required contribution to the maximum taxdeductible amount.
ASOP 4 | Commentary Section 2.8 | COMMENT ON SECTION 2.8
Section 2.8, Contribution Allocation Procedure
CommentResponse
One commentator suggested changing the second sentence in section 2.8 to state, “The procedure uses an actuarial cost method and may use an asset valuation method, an amortization method, and/or an output smoothing method.”The reviewers disagree and made no change as the use of “and/or” is inconsistent with ASOP style since the use of “or” incorporates “and.”
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