Pension Committee of the American Academy of Actuaries Comment Letter to Actuarial Standards Board on Proposed Revision of ASOP No. 35 (PDF)

Subscribe (Free) to
Daily or Weekly Newsletters

Post a Job

Featured Jobs

Retirement Plan Administration Consultant

Blue Ridge Associates
(Remote)

Cash Balance/ Defined Benefit Plan Administrator

Steidle Pension Solutions, LLC
(Remote / NJ)

Distribution Reviewer

Nova 401(k) Associates
(Remote)

Retirement Plan Consultant

July Business Services
(Remote / Waco TX)

Retirement Plan Administrator

Strongpoint Partners
(Remote)

Relationship Manager

Compass
(Remote / Stratham NH / Hybrid)

DC Retirement Plan Administrator

Michigan Pension & Actuarial Services, LLC
(Farmington MI / Hybrid)

Relationship Manager

Retirement Plan Consultants
(Urbandale IA / Hybrid)

Combo Retirement Plan Administrator

Strongpoint Partners
(Remote)

ESOP Administration Consultant

Blue Ridge Associates
(Remote)

3(16) Fiduciary Analyst

Anchor 3(16) Fiduciary Solutions
(Remote / Wexford PA)

Relationship Manager for Defined Benefit/Cash Balance Plans

Daybright Financial
(Remote)

Managing Director - Operations, Benefits

Daybright Financial
(Remote / CT / MA / NJ / NY / PA / Hybrid)

Internal Sales Consultant

EPIC RPS
(Remote / Norwich NY)

Mergers & Acquisition Specialist

Compass
(Remote / Stratham NH / Hybrid)

Senior Compliance Analyst

MVP Plan Administrators, Inc.
(Remote)

ESOP Consultant

BPAS
(Remote)

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Pension Committee of the American Academy of Actuaries Comment Letter to Actuarial Standards Board on Proposed Revision of ASOP No. 35 (PDF)
American Academy of Actuaries

[Opinion]
Feb. 2, 2014

"The language [of Sections 2.6 and 2.7] regarding a Prescribed Method may be confusing to some actuaries.... Section 3.1 ... should state that an actuary is very often able to identify two or more reasonable assumptions... It is not clear why the language [of Section 3.5.1 and 3.5.2] was changed from 'the actuary should establish an appropriate balance between refined methodology and materiality' to 'the actuary should consider the balance between refined assumptions and materiality'... Section 4.4 ... should include a statement that the Principal is the party that determines what is confidential or what the actuary may disclose[.]" MORE >>

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title).

An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above).