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Froogle 1.1.1.7
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Froogled By:
Elias Makere, FSA, MAAA
Last Froogled:

ASOP 4 | §2.18 | OUTPUT SMOOTHING METHOD

A method to reduce volatility of the results of a contribution allocation procedure. The output smoothing method may be a component of the contribution allocation procedure or may be applied to the results of a contribution allocation procedure. Output smoothing methods include techniques such as
1) phasing in the impact of assumption changes on contributions,

2) blending a prior valuation with a subsequent valuation to determine contributions, or

3) placing a corridor around changes in the dollar amount, contribution rate, or percentage change in contributions from year to year.
An output smoothing method may involve a combination of techniques. For purposes of this standard, an asset valuation method is not an output smoothing method.
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