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American Academy of Actuaries Comment Letter to California Actuarial Advisors Panel on Model Actuarial Funding Policies and Practices (MAFPP) for Public Pension Plans (PDF)
American Academy of Actuaries 
Oct. 4, 2012 "The subcommittee recommends that the MAFPP specifically be limited to ... ongoing public pension plans (i.e., plans whose members earn future accruals and that are open to new hires).... [T]he MAFPP would categorize the current Pension Protection Act (PPA) funding method (traditional unit credit) as 'unacceptable'. This seems politically sensitive and potentially highly charged." MORE >> |
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