Pension Practice Notes

Pension Committee practice note covering topics related to the implementation of the spot rate approach to determining benefit obligations, service cost, and interest cost under accounting standards and other granular approaches. (September 24, 2018)

Pension Committee exposure draft of practice note on current and emerging practices in the development of liabilities and cost estimates for pension plans with benefits paid as a lump sum. The comment deadline for this exposure draft is November 15, 2018.  (September 21, 2018)

Pension Committee exposure draft of practice note on current and emerging practices in the selection of investment return assumptions based on anticipated future experience. The comment deadline for this practice note is June 27, 2016. (April 26, 2016)

Pension Committee exposure draft of practice note for measuring obligations of defined benefit pension plans that include variable annuity benefits. (December 11, 2015)

Pension Committee's practice note, “Selecting and Documenting Mortality Assumptions for Pensions,” revised to reflect a new mortality improvement scale (BB) published by the Retirement Plans Experience Committee (RPEC) of the Society of Actuaries in 2012, mortality table RP-2014, and mortality improvement scale MP-2014 published by the Society of Actuaries in 2014.  (June 15, 2015)

Pension Committee's practice note, revised October 2011, Selecting and Documenting Mortality Assumptions for Pensions to reflect changes to ASOP No. 35, Selection of Demographic and Other Noneconomic Assumptions for Measuring Pension Obligations that went into effect in June 2011. PLEASE NOTE: This practice note was superseded by the 2015 practice note on Selecting and Documenting Mortality Assumptions for Pensions. (October 1, 2011)

Pension Accounting Committee practice note with information for actuaries on current practices relevant to the audit of pension plan financial information that is subject to US generally accepted accounting principles (US GAAP). (May 24, 2011)

Pension Committee practice note regarding current and emerging practices in the preparation of the certification of a U.S. tax-qualified pension plans adjusted funding target attainment percentage (AFTAP), as required under the benefit-restriction provisions of the Pension Protection Act of 2006 (PPA) and associated regulations. (December 1, 2009)

Pension Committee practice note with information for actuaries current and emerging practices in the selection and documentation of certain actuarial assumptions for measuring obligations of defined benefit pension plans. PLEASE NOTE: This practice note was superseded by the 2015 practice note on Selecting and Documenting Mortality Assumptions for Pensions. (October 12, 2009)

Pension Committee draft practice note providing guidance to actuaries preparing actuarial certifications for multiemployer pension plans under the Pension Protection Act of 2006 (PPA).
(December 10, 2007)