以下则是高顿网校小编为您整理的一套北美精算师*72014年考前宝贵资料：历年真题November2003Course8RU（二）——北美精算师考试SOA，请收藏好了哈。
　　Retirement Benefits,
　　Comprehensive Segment – U.S.
　　Morning Session
　　All Questions pertain to the Case Study
 
　　3. (6 points) NOC’s Board of Directors has established the following funding policy for
　　NOC’s DB ERPs: annual contributions equal to normal cost plus five-year amortization
　　of unfunded actuarial accrued liability. The CFO of NOC is concerned about the
　　volatility of funding policy contributions.
　　(a) Explain the effects of different asset valuation methods on this volatility.
　　(b) Explain the effects of different asset class allocations on this volatility.
　　COURSE 8: Fall 2003 -4- GO TO NEXT PAGE
　　Retirement Benefits,
　　Comprehensive Segment – U.S.
　　Morning Session
　　All Questions pertain to the Case Study
 
　　4. (12 points) The law in Vosne has been changed to permit voluntary employee
　　contributions of up to 5% of pay to a DC ERP. The tax treatment of these contributions
　　is the same as for contributions to a PPA.
　　NOC has decided to change the Full- Time Hourly Union Pension Plan from a flat dollar
　　plan to a final average earnings plan, and to add a DC ERP for the union employees.
　　The main provisions of the new plans are:
　　DB ERP
　　Normal retirement benefit: 1% of final five-year average earnings
　　times years of service
　　Post retirement indexing: 3% per year
　　Optional form of benefit: Lump Sum
　　The other provisions of the plan are the same as those in the NOC Full-Time Hourly
　　Union Pension Plan.
　　DC ERP
　　Employee Contributions: Voluntary
　　高顿网校之名人心得：人的理想志向往往和他的能力成正比。——约翰逊