How Will ASOP 4 Impact Public Pension Plans in 2023?

Buck

The revised ASOP 4 requires new disclosures and provides additional guidance that may impact pension funding valuation reports going forward. Our speakers discuss key items including:

• A new measure of pension liabilities called low-default-risk obligation measure
• Inclusion of a reasonable actuarially determined contribution, including new guidance on amortization methods
• The implications of the contribution allocation procedure
• Performing an actuarial gain and loss analysis
• Expanded guidance on output smoothing methods

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