高顿网校小编寄语北美精算师滴考试亲们：计划要细，动手要早，落实要准。计划与目标、行动一致。
　　7.(11points)NOCwouldliketoamendtheFull-TimeHourlyUnionPensionPlanto
　　encouragememberstoretirelater.Theunionhasproposedavoluntaryphasedretirement
　　programthatwouldallowemployeesto:
　　?work50%offull-timeatcurrenthourlyrates;
　　?receive50%ofearlyretirementpensionbenefitsbasedonaccruedservice;
　　?earn50%ofregularpensioncreditforfutureservice;and
　　?retainfull-timeeligibilityandcost-sharingforotheremployeebenefits.
　　(a)Critiquetheunionproposalfromtheperspectiveoftheemployer.
　　(b)DescribehowaDeferredRetirementOptionPlan(DROP)couldbeusedinstead
　　oftheunion’sproposal.
　　(c)OutlinetheconsiderationsinpreparingthenextaccountingvaluationifaDROP
　　isimplemented.
　　COURSE8:Fall2005-6-STOP
　　RetirementBenefits,
　　ComprehensiveSegment–Canada
　　AfternoonSession
　　Questions7–9pertaintotheCaseStudy
 
　　8.(10points)OnJanuary1,2005,NOCpurchasednon-participatingannuitycontractsfor
　　allinactiveparticipantsintheFull-TimeHourlyUnionPensionPlanfor$95,000,000.
　　TheNormalRetirementBenefitratewassubsequentlyincreasedfrom$75to$80
　　effectiveJanuary1,2005.
　　Youaregiven:
　　ABOasofDecember31,2004:
　　?Inactiveparticipants:$105,600,000
　　?Activeparticipants:$500,433,000
　　ABOasofDecember31,2005:$476,500,000
　　ContributiononJuly1,2005:$100,000,000
　　Benefitpaymentsin2005:$225,000
　　MarketValueofAssetsasofDecember31,2005:$295,000,000
　　(a)Determinethe2005pensionexpense.
　　(b)Developthechangeinbenefitobligation,changeinplanassets,anda
　　reconciliationoftheABOtotheaccruedbenefitasset/liabilityasrequiredby
　　CICA3461forNOC’sfinancialstatementsasofDecember31,2005.
 
　　9.(9points)InGevrey,multiemployerretireemedicalplanbenefitsmaybeprefundedat
　　thediscretionoftheboardoftrustees.Thecontributionstothefundaretaxdeductible.
　　YouaretheactuaryforamultiemployerretireemedicalplaninGevrey.Theplan
　　provisionsareidenticaltotheNOCplan.Theplaniscontractedtobefundedonacents
　　perhourbasis.
　　Arecentmedicalbreakthroughwillincreaselifeexpectancyby10years.Asaresult,the
　　planisnolongerfullyfunded.
　　Analyzetheimpactontheplanasitrelatestofunding,designandparticipation.
　　**ENDOFEXAMINATION**
　　AFTERNOONSESSION
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