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