CharlesLeggette Posted May 18, 2016 Posted May 18, 2016 We were just provided an actuarial report prepared by a decent sized actuarial group in California on a small CB plan, where the prior actuary calculated AVA and included substantial receivables....does anyone know of any circumstance under which that would be permissible.
Effen Posted May 18, 2016 Posted May 18, 2016 Not sure I understand the question. Why wouldn't you include prior year receivable contributions in the AVA? 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.
My 2 cents Posted May 23, 2016 Posted May 23, 2016 Do the receivables consist of anything besides receivable contributions? Funding valuations would always include contributions made for the prior plan year after the end of the prior plan year (suitably discounted, of course). Always check with your actuary first!
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