Session from the 2006 Enrolled Actuaries Meeting
701 - Say it Ain't SO-SO Setting Assumptions in the New Environment
03/29/2006 - 8:00 AM - 9:15 AM
Credits:
EA Core 1.50 CPD 1.50
Is our economic outlook for the future different than it was a few years ago? Is the 2001/2002 “market correction” permanent? Do we need to start thinking about making changes to our future assumptions and methods? This session addresses these and other questions. Investment return, turnover, retirement, and mortality assumptions are discussed.
Actuaries should no longer take the so-so (same old, same old) approach to assumption setting. What was used last year is no longer good enough. This session will review what we should consider: standards, auditors’ requirements, what they are being used for (e.g., funding, expense, relative values, actuarial equivalents, etc.).
Speakers:
1.
Donald J. Segal
2.
Tonya B. Manning
- Internal Revenue Service
