下面高顿网校展出的是SOA精算师考试——往年真题大放送November2003Course8RU（八），慢慢累积北美精算师考试的所有知识点。
　　Provisions of the Draft Purchase and Sale Agreement
　　The main provisions of the draft purchase and sale agreement, prepared by ABC,
　　for discussion with NOC, are:
　　Pension Benefits
　　?  Accrued benefits under the ABC Refinery Pension Plan will become
　　the responsibility of NOC under its Full-Time Salaried Pension Plan.
　　?  ABC will transfer the ABC Refinery Pension Plan assets to the NOC
　　plan, subject to regulatory approval
　　?  NOC is required to provide “substantially similar” pension benefits for
　　refinery employees following the sale date.
　　Post – Retirement Medical Benefits
　　?  NOC will be responsible for providing retiree medical benefits for
　　refinery employees.
　　?  ABC will make a lump sum cash payment to NOC equal to the
　　accounting liabilities for post-retirement medical benefits determined
　　using the ABC accounting assumptions.
　　Analyze the terms of the agreement and recommend revisions. Justify your
　　recommendation.
　　COURSE 8: Fall 2003 -13- STOP
　　Retirement Benefits,
　　Comprehensive Segment – U.S.
　　Morning Session
　　All Questions pertain to the Case Study
 
　　10. (7 points) The CEO of NOC is targeting a substantial reduction in operating expenses.
　　Three alternatives are being considered:
　　(i) An employee lay-off with severance benefits.
　　(ii) A temporary early retirement pension enhancement.
　　(iii) Phased-retirement.
　　(a) Describe advantages and disadvantages of each alternative.
　　(b) Describe the accounting implications of each alternative.
　　**END OF EXAMINATION**
　　AFTERNOON SESSION
　　高顿网校之做人道理：*9，有梦想。一个人最富有的时候是有梦想，有梦想是最开心的。第二，要坚持自己的梦想。有梦想的人非常多，但能够坚持的人却非常少。阿里巴巴能够成功的原因是因为我们坚持下来。在互联网激烈的竞争环境里，我们还在，是因为我们坚持，并不是因为我们聪明。有时候傻坚持比不坚持要好得多。——马云