Comment Letter from Pension Committee of American Academy of Actuaries to Actuarial Standards Board, on Proposed Revisions to ASOP No. 4, 'Measuring Pension Obligations and Determining Pension Plan Costs or Contributions' (PDF)

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Comment Letter from Pension Committee of American Academy of Actuaries to Actuarial Standards Board, on Proposed Revisions to ASOP No. 4, 'Measuring Pension Obligations and Determining Pension Plan Costs or Contributions' (PDF)
American Academy of Actuaries

[Opinion]
June 5, 2012

"[The Committee has] concerns ... about classifying a present value as market consistent merely because the discount rate is determined on a market-consistent basis. In addition, [The Committee believes] that basing assumptions on market conditions is an evolving practice and that the single term 'market consistent' is too narrow to encompass its many variations." MORE >>

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