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National Education Association Retirement Plan Gets Schooled on Withdrawal Liability Interest Rate Assumptions
Seyfarth Link to more items from this source
Mar. 28, 2023

"Another court has found that actuaries who set discount rates for withdrawal liability purposes that are not based upon their 'best estimate of anticipated experience' for investments under the plan -- in this case, basing the rate assumption only on estimated returns for 40% of the Plan's assets in low risk fixed income investments -- cannot withstand judicial scrutiny." [Employees' Retirement Plan of the National Education Assoc. v. Clark County Education Assoc., Case No. 20-3443 (D.D.C. Feb. 27, 2023)]

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