Should Accrued Interest be included in actuarial asset?

[Audrey]

Should Accrued Interest be included in actuarial asset?

[Effen]

I have always included it, but not sure if it is "required".  I suppose you could have a actuarial method based on cash and not accrual, but I have never seen it.

I assume you are talking about AVA for funding purposes?

[Audrey]

10 minutes ago, Effen said:

I have always included it, but not sure if it is "required".  I suppose you could have a actuarial method based on cash and not accrual, but I have never seen it.

I assume you are talking about AVA for funding purposes?

good morning, yes, I mean the actuarial/market asset value for an EOY valuation (small plan, so it is the market value without any adjustments), thanks, I think I will include it too, but can't find any guidance

[david rigby]

Agree with @Effen.  If the asset trustee/custodian reported it, I used it.  However, note that it is often an estimate, so the next asset reporting may have an actual amount that differs (slightly).  No big deal.

[Audrey]

10 minutes ago, david rigby said:

Agree with @Effen.  If the asset trustee/custodian reported it, I used it.  However, note that it is often an estimate, so the next asset reporting may have an actual amount that differs (slightly).  No big deal.

thanks!