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GASB Statement 67 and Statement 68: Calculation Specifics on Individual Entry Age Normal and Recognition of Deferred Inflows/Outflows
Milliman Link to more items from this source
July 28, 2014

"This [article] discusses the individual entry age (IEA) actuarial cost method. The IEA cost method is specifically identified in the new standards as the only appropriate method for determining a plan's total pension liability, which is the portion of the present value of benefits attributable to past service. This article will also discuss the calculation of the amortization period to be utilized in recognizing gains or losses that are due to demographic experience or actuarial assumption changes in the annual expense under GASB 68."  MORE >>

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