C2C Posted December 10, 2002 Posted December 10, 2002 When calculating the current liability for PBGC variable premium purposes (general rule), do I use all assumptions used in the valuation or just interest and mortality? I know to use the specified interest and mortality, but if I am assuming early retirement rates, turnover rates, etc., should those assumptions be used as well?
Blinky the 3-eyed Fish Posted December 10, 2002 Posted December 10, 2002 Yes. "What's in the big salad?" "Big lettuce, big carrots, tomatoes like volleyballs."
mwyatt Posted December 14, 2002 Posted December 14, 2002 A followup here from a small plan Actuary. The mortality table under 95-6 is being replaced by 2001-62 for 415 and 417 purposes. Is there (or have I missed it) a similar shift in the 95-28 tables to the 94GAR mortality tables for purposes of the RPA '94 Current Liability and PBGC premiums?
Blinky the 3-eyed Fish Posted December 14, 2002 Posted December 14, 2002 No. "What's in the big salad?" "Big lettuce, big carrots, tomatoes like volleyballs."
david rigby Posted December 14, 2002 Posted December 14, 2002 The IRS has stated informally that a change in the mortality tabe for current liability purposes will come thru a proposed regulation. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
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