Assessing forward-looking capital markets returns for the individual asset classes. The report included suggestions for changes to the ASOPs that would apply to all areas of pension practice. (For this, the system will employ the 2017 rates . <> After completing these steps for each economic assumption, the actuary should review the set of economic assumptions for consistency (section 3.12) and make appropriate adjustments if necessary. All assumptions should reflect consistent expectations of future economic conditions, such as future rates of inflation. The term reviewers in appendix 2 includes the Pension Committee and the ASB. Note: This appendix is provided for informational purposes but is not part of the standard of practice. Actuarial Assumptions - MERS | Municipal Employees - MERS) of Mich In these situations, if per capita claims cost estimates indicate that the cap will not be reached in certain years for at least some participants, projections of future health care coverage (rather than only the dollar-defined cap) would be required for those years. For example, the actuary may have decided not to make any assumption with regard to four different types of future events, each of which alone is immaterial. Section 3.5.6, Views of Experts (now Other Sources of Economic Data and Analyses), was renamed and clarified to provide for use of other sources of economic data and analyses. For example, the actuary may provide advice on selecting economic assumptions under US GAAP or Governmental Accounting Standards even though another party is ultimately responsible for selecting these assumptions. Two scenarios when these duration adjustments might be made are: (1) when the population of participants is comprised primarily of retirees, thus causing the plans expected benefit payment stream to have a relatively short duration, or (2) when the population of participants is comprised of very few retirees and a relatively young active workforce, thus causing the plans expected benefit payment stream to have a relatively long duration. Contributions expected to be made in future years should not be considered in determining the expected long-term rate of return on plan assets. Multiple investment return rates may include the following: a.
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