PLZ

1.In determining the present value of the prospective benefits (often referred to as the projected benefit obligation), which of the following are not considered by the actuary?

Interest rates.

Benefit provisions of the plan.

Insurance provisions of the plan.

Retirement and mortality rate.

2.Interest cost included in pension expense recognized for a period by an employer sponsoring a defined-benefit pension plan represents the

increase in the projected benefit obligation due to the passage of time.

amortization of the discount on accumulated OCI (PSC).

shortage between the expected and actual returns on plan assets.

increase in the fair value of plan assets due to the passage of time.