An Experience Gain or Loss (Adjustment) Is

question 97

Multiple Choice

An experience gain or loss (adjustment) is

• A) additional contributions made to the pension fund by the employer.
• B) additional contributions made to the pension fund by the employees.
• C) reduced payments made to retirees.
• D) the difference between what has occurred and the previous actuarial assumptions.

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Definitions:

Null Hypothesis

A default hypothesis that there is no significant effect or difference for a particular population or phenomenon.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true, denoted by alpha.

Face-to-face

A form of communication or interaction that takes place in person as opposed to through electronic means.

T Procedure

A statistical analysis methodology used to determine the significance of the difference between two sample means, based on the t-distribution.