2-C-2 - Rules of Thumb and Estimation Techniques

Panelists discuss why and when estimation techniques are still useful in the defined benefit plan environment. Consideration is given to current technology costs and actuarial standards that may bring into question the utility of “back-of-the-envelop” calculations. Panelists also address whether the increasingly complex scenarios often applicable to pension work are appropriate for estimation, or conversely whether the only method available for assessing the reasonableness of “black box” applications may be rules of thumb.

Speakers:

James G. Berberian

Buck

Mr. Stuart M. Schulman

Buck

Ms. Yubo Qiu

Principal Financial Group

Credits:

CPD Credit: 1.50 EA Core Credit: 0.00 EA Ethics Credit: 0.00 EA Non-Core Credit: 1.50 EA Formal Credit: 1.50