Guest joe9pension Posted September 20, 2008 Posted September 20, 2008 PPA includes expanded disclosure rules, which require the plan to give employers and unions that request them copies of actuarial valuation reports "including any sensitivity testing" - a term which is undefined. See ERISA section 101(k)(1). Some plans may do a significant number of different scenarios to examine sensitivity. Some plans may not. Does anyone have any insight as to what would be required to be disclosed?
J Simmons Posted September 21, 2008 Posted September 21, 2008 In an October 15, 2007 letter from the National Coordinating Committee for Multiemployer Plans, Washington DC, to EBSA's Office of Regulations and Interpretations, the following definition was suggested: "'Sensitivity testing' means a report, which may be part of the regular actuarial report, reviewing the impact of future experience that deviates from the actuarial assumptions used by the plan's actuary." John Simmons johnsimmonslaw@gmail.com Note to Readers: For you, I'm a stranger posting on a bulletin board. Posts here should not be given the same weight as personalized advice from a professional who knows or can learn all the facts of your situation.
Effen Posted September 23, 2008 Posted September 23, 2008 Full letter Here is a link to the full letter. The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now