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Suppose that the normal retirement benefit is $100 per month for each year of service. Under the Entry Age Normal cost method, it is assumed
Suppose that the normal retirement benefit is $100 per month for each year of service. Under the Entry Age Normal cost method, it is assumed that the plan effective date is 1/1/2017 and all employee are hired at age 25. It is also assumed that there are no preretirement terminations other than death and the retirement age is 65. It is given that the plan assets are $50,000 for each company as of 1/1/2017 and 652) = 10. Participant data as of 1/1/2017 and some commutation functions: Age x Number of participants in Company A Number of participants D, N.-N. in Company B 25 6 1 16 320 35 3 2 8 120 45 2 3 4 40 55 1 6 2 10 65 0 0 1 0 Determine the unfunded actuarial liability of Company A and Company B as of 1/1/2017. Suppose that the normal retirement benefit is $100 per month for each year of service. Under the Entry Age Normal cost method, it is assumed that the plan effective date is 1/1/2017 and all employee are hired at age 25. It is also assumed that there are no preretirement terminations other than death and the retirement age is 65. It is given that the plan assets are $50,000 for each company as of 1/1/2017 and 652) = 10. Participant data as of 1/1/2017 and some commutation functions: Age x Number of participants in Company A Number of participants D, N.-N. in Company B 25 6 1 16 320 35 3 2 8 120 45 2 3 4 40 55 1 6 2 10 65 0 0 1 0 Determine the unfunded actuarial liability of Company A and Company B as of 1/1/2017
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