SSRRS Posted November 7, 2018 Posted November 7, 2018 Someone mentioned to me that a DB Plan that they administered was taken over by a new firm. The new firm is asking the prior administrator/actuary to back up (ie show the calculations for each participant) the accrued benefits for all participants that are in the most current valuation (7 participants). Is this something hat is required of the prior Actuary ? Thank you.
david rigby Posted November 7, 2018 Posted November 7, 2018 It should always be asked. It might not be provided or available. The PA, in consultation with the actuary, should decide how to deal/communicate in case the precise documentation is not available. 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.
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