Leaderboard

I believe 100% that they should be reported. The operative words are "guarantees...to pay a specific dollar benefit at a future date." They don't! I believe this section is referring to annuities that are purchased to provide specific benefits (and/or maybe insurance policies in DBs fully funded with insurance). I've seen otherwise very knowledgeable TPAs exclude them (you have to consider the premiums as "expenses" which I find ridiculous) so I guess you could say there are differing viewpoints, although I'd have to say those other viewpoints are wrong.