Regional Vice President of Sales The Retirement Plan Company
|
Bates & Company, Inc.
|
AimPoint Pension
|
Loan & Distribution Specialist AimPoint Pension
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Compass
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Actuarial Approach for Retiree Spending and Pension Funding Use the Same Basic Actuarial Principles
Ken Steiner, FSA Retired Feb. 13, 2019
"These basic actuarial principles include: [1] Making deterministic assumptions about the future; [2] Reflecting the time value of money; [3] Reflecting the concept of probabilities; [4] Reflecting mortality; [5] Use of actuarial present values; [6] Use of a generalized individual model that compares the present value of assets with the present value of liabilities; [7] Periodic gain/loss adjustment to reflect experience different from assumptions (annual valuations), and [8] Conservatism."
|
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). |