有正在四处找笔记和练习题的北美精算师考试的学生吗？这里有你们想要的——北美精算师考试SOA真题系列2014Course8RU（Part 2）
　　4.(11points)NOChasofferedanearlyretirementwindowtoactiveparticipantsofthe
　　Full-TimeHourlyUnionPensionPlanwhoareatleastage50with10ormoreyearsof
　　service.Employeeswhoacceptthewindowwillreceive:
　　?5extrayearsofservice,forpurposesofdeterminingtheiraccruedbenefit;and
　　?5extrayearsofage,forpurposesofdeterminingtheirearlyretirementreduction
　　factor.
　　Fivehundredemployeesaccepttheearlyretirementwindowofferandretireon
　　January1,2005.
　　Forthe500employeesacceptingthewindow,youaregiven:
　　?ABO(priortowindow)$140,000,000
　　?2005ServiceCost(priortowindow)$10,000,000
　　?2005ExpectedBenefitPayments(prior
　　towindow)
　　$0
　　?ABO(withimmediateretirement)$150,000,000
　　?ABO(withimmediateretirementand
　　enhancedwindowbenefits)
　　$225,000,000
　　?2005ExpectedBenefitPayments(with
　　immediateretirementandenhanced
　　windowbenefits)
　　$17,000,000
　　Theexpectedfutureworkingyearsforvariousgroupsareasfollows:
　　?Allplanparticipants:67,000
　　?Allplanparticipantswhoacceptedthe
　　earlyretirementwindow:7,000
　　Calculatetherevised2005pensionexpenseassumingnochangein2005expected
　　contributionstotheplan.
　　COURSE8:Fall2005-4-STOP
　　RetirementBenefits,
　　ComprehensiveSegment–U.S.
　　MorningSession
　　Questions1–5pertaintotheCaseStudy
 
　　5.(11points)NOC’sChiefFinancialOfficerisproposingsellingbondsatanannualyield
　　of4%andcontributingtheproceedstotheFull-TimeHourlyUnionPensionPlan.
　　Analyzetheadvantagesanddisadvantagesofthisproposalfromtheperspectiveof
　　management,employees,owners,andotherstakeholders.
 
　　6.(11points)Acountrywithnosocialsecurityorprivatepensionsystemisconsidering
　　adoptingoneofthefollowing:
　　?Amandatorysocialsecurityretirementprogram;or
　　?Governmentincentivestoemployersforsponsoringtheirownretirement
　　programs.
　　Compareandcontrastthesetwoproposalsfromtheperspectiveofemployees,employers,
　　andthegovernment.
　　**ENDOFEXAMINATION**
　　MORNINGSESSION
　　COURSE8:Fall2005-5-GOTONEXTPAGE
　　RetirementBenefits,
　　ComprehensiveSegment–U.S.
　　AfternoonSession
　　**BEGINNINGOFEXAMINATION8–U.S.**
　　COMPREHENSIVESEGMENT
　　AfternoonSession
　　(Beginningwithquestion7)
　　Questions7–9pertaintotheCaseStudy
 
　　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–U.S.
　　AfternoonSession
　　Questions7–9pertaintotheCaseStudy
　　高顿网校之做人道理：时间乃是*5的革新家。 —— 培根