高顿项目

国内财会

国际财会

金融证书

公务员

考研

考研

继续教育

继续教育

在职硕博

学历学位

国企求职

军队文职

军队文职

职业提升

语言培训

出国留学

海外留学

SOA精算师考试：北美November2003Course8RU（Part 2）

来源：高顿网校 2014-07-25

　　北美精算师的学子们，打算考今年精算师的有没有？我们这里题库和网校都有！SOA精算师考试：北美November2003Course8RU（Part 2）是你的了。
　　Lump Sum

　　The other provisions of the plan are the same as those in the NOC Full-Time Hourly

　　Union Pension Plan.

　　DC ERP

　　Employee Contributions: Voluntary

　　Matching Employer contributions: 100% match on the first 3% of employee

　　contributions

　　Form of Benefit: Lump sum or periodic pension

　　(a) Critique the design of the new plans from the perspective of NOC.

　　(b) Critique the design of the new plans from the perspective of the hourly union

　　employees.

　　(c) Assess the current hourly plan asset allocation for the new DB plan.

　　(d) Describe the considerations in setting investment options to be offered to

　　participants in the DC ERP.

　　(e) Predict the socio-economic effects of the change in the law in Vosne.

　　COURSE 8: Fall 2003 -5- GO TO NEXT PAGE

　　Retirement Benefits,

　　Comprehensive Segment – U.S.

　　Morning Session

　　All Questions pertain to the Case Study5. (6 points) NOC has just established a global subsidiary. Employees of the subsidiary

　　include transferred NOC employees and third-country nationals.

　　(a) Explain the issues affecting a retirement benefit policy for permanent and

　　temporary transfers between countries.

　　(b) Assuming that global comparability of retirement benefits is a corporate

　　objective, describe the issues NOC must consider.

　　COURSE 8: Fall 2003 -6- GO TO NEXT PAGE

　　Retirement Benefits,

　　Comprehensive Segment – U.S.

　　Morning Session

　　All Questions pertain to the Case Study

　　6. (10 points) NOC’s CEO has proposed an asset mix policy for the Full-Time Hourly

　　Union Pension Plan to achieve the following objectives:

　　? Minimize short-term volatility of the company’s pension expense.

　　? Minimize the long-term cost of the plan.

　　Proposed Asset Mix Policy

　　Domestic Equities (mostly oil companies) 60%

　　International Equities 5%

　　Domestic Fixed Income (short & medium-term

　　treasuries)

　　20%

　　Real Estate 15%

　　(a) Critique the proposed asset mix policy.

　　(b) You are going to perform an asset liability study for the NOC Full-Time Hourly

　　Union Pension Plan. Describe the inputs you would need and the process you

　　would undertake.

　　(c) Explain how the output of your asset liability study would be used to recommend

　　and justify an asset mix policy to the CEO.

　　COURSE 8: Fall 2003 -7- GO TO NEXT PAGE

　　Retirement Benefits,

　　Comprehensive Segment – U.S.

　　Afternoon Session

　　All Questions pertain to the Case Study

　　7. (8 points) NOC is acquiring TechCo, a private company in the country of Xanadu.

　　Xanadu has similar tax and pension legislation rules to Vosne, with the following

　　exceptions:

　　? Employees can contribute up to $5,000 per year to a DB ERP and $5,000 per year to

　　a DC ERP.

　　? Employee contributions are tax-deductible to the individual.

　　? Investment earnings on the employee contributions are not taxable until withdrawn.

　　? There are no PPAs.

　　Xanadu sponsors the following government-provided retirement income program:

　　? Both employees and employers contribute 5% of pay every year.

　　? The pension provided at retirement is equal to 50% of the best 3-year average

　　earnings, provided the contributory period was at least 30 years. A proportionately

　　reduced benefit is provided if less than 30 years of contributions were made to the

　　program.

　　? 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) Recommend
　　高顿网校之名人语录：真理诚然是一个崇高的字眼，然而更是一桩崇高的业绩。如果人的心灵与情感依然健康，则其心潮必将为之激荡不已。 —— 黑格尔

版权声明：本条内容自发布之日起，有效期为一个月。凡本网站注明“来源高顿教育”或“来源高顿网校”或“来源高顿”的所有作品，均为本网站合法拥有版权的作品，未经本网站授权，任何媒体、网站、个人不得转载、链接、转帖或以其他方式使用。经本网站合法授权的，应在授权范围内使用，且使用时必须注明“来源高顿教育”或“来源高顿网校”或“来源高顿”，并不得对作品中出现的“高顿”字样进行删减、替换等。违反上述声明者，本网站将依法追究其法律责任。本网站的部分资料转载自互联网，均尽力标明作者和出处。本网站转载的目的在于传递更多信息，并不意味着赞同其观点或证实其描述，本网站不对其真实性负责。如您认为本网站刊载作品涉及版权等问题，请与本网站联系(邮箱fawu@gaodun.com，电话：021-31587497)，本网站核实确认后会尽快予以处理。

展开全文咨询在线

严选名师全流程服务

其他人还搜了热门推荐