赶紧鼠标点击进来学习SOA北美考区精算师2003年真题NovemberCourse8RU（第四块内容），很重要哦。
　　9. Continued
　　January 1, 2003 Accounting Valuation Results for the ABC Refinery Plans
　　Pension Plan Post-Retirement
　　Medical Plan
　　Market value of assets $350,000,000 $0
　　PBO/APBO
　　Active members $325,000,000 $280,000,000
　　Inactive members 0 0
　　Total $325,000,000 $280,000,000
　　Service Cost $21,000,000 $15,000,000
　　Assumptions and Methods
　　Interest 8.5%
　　Salary scale 5.0%
　　Mortality GAM83
　　Turnover None
　　Retirement 100% at age 62
　　Asset valuation method Market Value
　　Actuarial cost method Projected unit credit
　　COURSE 8: Fall 2003 -12- GO TO NEXT PAGE
　　Retirement Benefits,
　　Comprehensive Segment – U.S.
　　Afternoon Session
　　All Questions pertain to the Case Study
　　9. Continued
　　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.
　　航海远行的人，比先定个目的地，中途的指针，总是指着这个方向走，恐怕永无达到的日子。 ——高顿网校名人哲理

 

 
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