以下则是SOA精算师考试——珍藏真题November2003Course8RU（4），大家用点心记在脑子里哦，保证能过关，对考试很有帮助。
　　Eligibility for a pension is age 62.
　　?  The pension is reduced by 5% per year that the retirement age precedes age 67.
　　TechCo did not provide either a DB ERP or a DC ERP.
　　(a) Evaluate the appropriateness of NOC establishing an ERP for the salaried
　　employees of TechCo.
　　(b) NOC’s VP of Human Resources is proposing a plan with the same provisions as
　　the Full-Time Salaried Pension Plan. Critique this proposal.
　　(c) Recommendan alternative program for the salaried employees of TechCo.
　　Justify your recommendation.
　　**END OF EXAMINATION**
　　MORNING SESSION
 
　　COURSE 8: Fall 2003 -8- GO TO NEXT PAGE
　　Retirement Benefits,
　　Comprehensive Segment – U.S.
　　Afternoon Session
　　**BEGINNING OF EXAMINATION 8**
　　COMPREHENSIVE SEGMENT – U.S.
　　AFTERNOON SESSION
　　All Questions pertain to the Case Study8. (8 points) NOC is considering laying off part of its union workforce to reduce costs. In
　　order to avoid layoffs, the union has agreed to discuss changes to the Full-Time Hourly
　　Union Pension Plan.
　　NOC has proposed to freeze accruals in the pension plan as of September 30, 2003.
　　Under the frozen plan, benefits would be determined for all active participants based on
　　service earned through September 30, 2003, and no future benefits would accrue.
　　The union offers a counter proposal to reduce future accruals as of January 1, 2004.
　　Under the union’s proposal, benefits would accrue to December 31, 2003 at the $75 rate.
　　After December 31, 2003, benefits would accrue at a rate of $50 per year of service
　　earned after December 31, 2003.
　　(a) Estimate the change in NOC’s 2003 accounting expense if NOC’s proposal is
　　adopted.
　　(b) If the union proposal is adopted, estimate the change in the 2003 and the 2004
　　accounting expense.
　　(c) Describe the effect of NOC’s proposal from both the employee and the employer
　　perspectives.
 
　　COURSE 8: Fall 2003 -9- GO TO NEXT PAGE
　　Retirement Benefits,
　　Comprehensive Segment – U.S.
　　高顿网校之生活感悟：世界上最快乐的事，莫过于为理想而奋斗。——苏格拉底