SOA RET DARetirement Benefits — Design & Accounting (U.S.)

Fellowship (FSA)

5 hours·≈10 written-answer questions·≈400 study hours

Score 0/0 · 4 MC

RET DA · Q1
Multiple choice
Actuarial cost methods & assumptions
Under projected unit credit, the normal cost as a percentage of pay for a final-average-pay plan generally:
RET DA · Q2
Written answer
Actuarial cost methods & assumptions
A defined benefit plan sponsor is considering closing the plan to new entrants and moving new hires to a defined contribution plan. Discuss the effect on the plan's duration and investment strategy over time.