notices - See details
Notices
JP
Jim Palermo (not verified)
18th March 2014 | 9:28am

I will not be able to listen live, but I hope the panel can find a few moments to take up the quality of the actuarial assumptions, aside for investment return rate and the GASB mandated discount rate which must equal the expected investment return. Specifically, I am concerned about the mortality rates used by smaller plans which enable smaller plan contributions by municipal employers. Plan governance must be improved in order to identify and correct decades old mortality assumptions and the actuarial profession must begin to police itself better.. Please let us know how we can watch the discussion at a later date.