Session from the 2009 Enrolled Actuaries Meeting
801 - Liability Estimation For Range Certifications
04/01/2009 - 9:45 - 11:00 AM
Session Category: Employee Benefits - Funding and Schedule B Issues
Credits:
EA Core 1.50 CPD 1.50
Many actuaries need to make range certifications in order to satisfy the requirements of PPA. The panelists discuss considerations and techniques for estimating the liabilities needed for these range certifications. This needs to be a vigorous determination that meets IRS requirements and professional standards. Generally a simple roll forward will not suffice. The panelists address how to reflect changes in interest rates, updates in mortality, changes in demographics and changes in plan provisions. The techniques can also be used for accounting disclosures.
Speakers:
1.
Bruce Cadenhead
- Mercer
2.
Tonya B. Manning
- Internal Revenue Service
