2003年11月份精算师SOA北美真题Course8RC（第四大部分）是高顿网校小编为您8月18号星期一一大清晨为您整理完毕的。
　　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
　　ABO
　　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 – Canada
　　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 – Canada
　　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
　　爱上一个人并不可怕，怕的是一发不可收拾；分手了并不可怕，怕的是一直还放不下；孤单并不可怕，怕的是一直孤单；生病并不可怕，怕的是一病不起；失业并不可怕，怕的是一直不去找工作；没钱并不可怕，怕的是一直要等人来救济；输了并不可怕，怕的是一败涂地；错了并不可怕，怕的是一错再错。——高顿网校名人心语

 

 
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