ASOP 4 | §3.12 | RELATIONSHIP BETWEEN ASSET AND OBLIGATION MEASUREMENT

The actuary should reflect how plan or plan sponsor assets as of the measurement date are reported. For example, if the plan or plan sponsor assets have been reduced to reflect a lump sum paid, the lump sum or the related annuity value should also be excluded from the obligation.

Congratulations! You're now Froogled Up™ on Section 3.12 from ASOP 4!

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