Question: Suppose that the plan under Projected Unit Credit Method with normal retirement benefit of 1% of final salary per year of service was effective at

Suppose that the plan under Projected Unit Credit Method with normal retirement benefit of 1% of final salary per year of service was effective at 1/1/2007. Suppose the retirement age is 65 and there is no preretirement termination other than death. It is given that 652) =12. S64 D Census data on 1/1/2017, and commutation functions: Age at Attained Annual Participant Hire Age x Salaries 30 30 $20,000 4 35 40 $25,000 3 40 50 $30,000 2 50 50 $30,000 1 65 0 S 4 3 2 2 1 140 130 120 120 10 Determine the total actuarial liability (TAL) and total normal cost (TNC) as of 1/1/2017; Suppose that the plan under Projected Unit Credit Method with normal retirement benefit of 1% of final salary per year of service was effective at 1/1/2007. Suppose the retirement age is 65 and there is no preretirement termination other than death. It is given that 652) =12. S64 D Census data on 1/1/2017, and commutation functions: Age at Attained Annual Participant Hire Age x Salaries 30 30 $20,000 4 35 40 $25,000 3 40 50 $30,000 2 50 50 $30,000 1 65 0 S 4 3 2 2 1 140 130 120 120 10 Determine the total actuarial liability (TAL) and total normal cost (TNC) as of 1/1/2017
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