Suppose that the plan under Unit Credit Method with normal retirement benefit of 100 per month for each year of service was effective at 1/1/2007. Suppose all employees are hired at age 25 and the retirement age is 65. There is one vested termination and four retired individual. It is assumed that there are no pre-retirement termination other than death. It is given that 652 ) =13 and the interest rate is 5% p.a. Census data on 1/1/2017, and commutation functions: Age x Service Participant 25 0 3 ( all active) 35 10 2 (all active) 45 20 1 (Terminated vested 31/12/2016) 55 30 1 (active) 65 40 4 (retired on 31/12/2016) DE 40 I 30 20 10 5 Determine the total actuarial liability (TAL) and total normal cost (TNC) as of 1/1/2017. Suppose that the plan under Unit Credit Method with normal retirement benefit of 100 per month for each year of service was effective at 1/1/2007. Suppose all employees are hired at age 25 and the retirement age is 65. There is one vested termination and four retired individual. It is assumed that there are no pre-retirement termination other than death. It is given that 652 ) =13 and the interest rate is 5% p.a. Census data on 1/1/2017, and commutation functions: Age x Service Participant 25 0 3 ( all active) 35 10 2 (all active) 45 20 1 (Terminated vested 31/12/2016) 55 30 1 (active) 65 40 4 (retired on 31/12/2016) DE 40 I 30 20 10 5 Determine the total actuarial liability (TAL) and total normal cost (TNC) as of 1/1/2017