Pension Committee News

Proposed Revision of ASOP Nos. 4, 27, and 35

The ASB recently approved exposure drafts of revisions of ASOP Nos. 4, Measuring Pension Obligations and Determining Pension Plan Costs or Contributions; 27, Selection of Economic Assumptions for Measuring Pension Obligations; and 35, Selection of Demographic and Other Noneconomic Assumptions for Me ...
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ASB Adopts Two New ASOPs on Pension Risk and Principle-Based Reserves for Life Products

The ASB recently adopted ASOP No. 51, Assessment and Disclosure of Risk Associated with Measuring Pension Obligations and Determining Pension Plan Contributions, and ASOP No. 52, Principle-Based Reserves for Life Products under the NAIC Valuation Manual.ASOP No. 51 provides guidance to actuaries whe ...
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Pension Task Force Report Released; Pension Committee to Begin Drafting Modifications

The ASB has released the report of its Pension Task Force (PTF), which began work more than a year and a half ago to consider the standards implications of many proposals for change related to public pension plans.In December 2014, the PTF was formed to review input from interested stakeholders on ...
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