b. the timing and duration of expected benefit payments;
c. the nature and frequency of plan amendments; and
d. relevant input from the principal, for example, a desire to achieve a target funding level within a specified time frame.
- Froogled By:
- Elias Makere, FSA, MAAA
- Last Froogled:
ASOP 4 | §3.17 | ALLOCATION PROCEDURE
b. the timing and duration of expected benefit payments;
c. the nature and frequency of plan amendments; and
d. relevant input from the principal, for example, a desire to achieve a target funding level within a specified time frame.
ASOP 4 | Commentary Section 3.17 | COMMENT ON SECTION 3.17
| Comment | Response |
|---|---|
| One commentator felt section 3.17 should state that the actuary should “consider” the items listed, not that the actuary should necessarily “take them into account,” as some of them may not be necessary or appropriate to take into account (e.g., relevant input from the principal, potentially intergenerational equity). | The reviewers disagree and made no change. |
Feel free to use it throughout your financial/insurance life.
Sincerely,
www.FroogleMe.com
