In Applying Actuarial Funding Methods, Actuaries Make Assumptions About All

question 45

Multiple Choice

In applying actuarial funding methods, actuaries make assumptions about all but which of the following?

• A)Future withdrawals from the plan
• B)Acceptable levels of actuarial gains or losses
• C)The effects of future salary levels on the value of expected retirement benefits
• D)The rate of interest to be earned on pension fund investments

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Definitions:

Internal Borderlands

Refers to areas within a country that lie at the margins of cultural, political, or economic influence, often characterized by diverse or contested identities.

Virtuous Citizenry

A concept emphasizing the importance of citizens possessing moral and ethical qualities, such as honesty and responsibility, for the betterment of society.

Republic

Representative political system in which citizens govern themselves by electing representatives, or legislators, to make key decisions on the citizens’ behalf.

Liberty and Freedom

Fundamental principles representing the right of individuals to live their lives without oppressive restrictions imposed by authority.