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04年北美精算师真题珍藏——Course8RC（第二页）

来源：高顿网校 2014-08-01

　　这是高顿网校小编2014年8月1日上午为大家编写的04年北美精算师真题珍藏——Course8RC（第二页）。
　　6.(12points)NOCisproposingthefollowingchangestotheRetireeHealthBenefit

　　programofitssalariedemployees:

　　?EffectiveJanuary1,2004,theprogramwillbeclosedtonewemployees;

　　?Salariedemployeeswithlessthan20yearsofserviceatJanuary1,2004whodo

　　notretirebeforeJanuary1,2005willnotbeeligibleforthebenefitafterthatdate;

　　and

　　?Forallothersalariedemployees,effectiveJanuary1,2005,theportionofthe

　　premiumpaidbytheprogramwillbeinaccordancewiththefollowingschedule:

　　YearsofServiceat

　　Retirement

　　PlanRetiree/Spouse

　　20-2450%50%

　　25-2975%25%

　　30+100%0%

　　NOCwantsananalysisoftheproposedchanges,inrespectofthefollowinggroupsof

　　employees:

　　?GroupA–thesalariedemployeeswhoarecurrentlyeligibleforthebenefitsbut

　　wholosethebenefitsiftheydonotretireinthenextyear;

　　?GroupB–thesalariedemployeesotherthanthoseinGroupAwhoarenolonger

　　eligibletoreceivebenefitsundertheprogram;

　　?GroupC–thesalariedemployeeswhoareeligible,undercurrentassumptions,to

　　receivereducedbenefitsundertheprogram;and

　　?GroupD–thesalariedemployeesnotaffectedbytheproposedchanges.

　　(a)(7points)BasedontheageandservicedistributionoftheNOCFull-Time

　　SalariedPensionPlanatJanuary1,2004,estimatethenumberofsalaried

　　employeesinGroupsA,B,CandD.Identifyanyassumptionsyouusedinyour

　　estimate.

　　(b)(3points)Describeanyspecialaccountingtreatmentsthatareapplicablefor

　　GroupsA,B,CandD.

　　(c)(2points)DescribetheconsequencestoNOCoftheproposedchanges.

　　**ENDOFEXAMINATION**

　　MORNINGSESSION

　　COURSE8:Fall2004-6-GOTONEXTPAGE

　　RetirementBenefits,

　　ComprehensiveSegment-Canada

　　AfternoonSession

　　**BEGINNINGOFEXAMINATION8**

　　COMPREHENSIVESEGMENT-CANADA

　　AFTERNOONSESSION

　　Questions7–9pertaintotheCaseStudy

　　7.(8points)YourclientNOCisbudgetingforfiscalyear2005inJuneof2004.Theyhave

　　askedyoutoestimatethefiscalyear2005pensionexpensefortheNationalOilFull-Time

　　HourlyUnionPensionPlan.

　　Youaregiven(allnumbersin$000’s):

　　AccruedBenefitObligationatJanuary1,2004with6%discountrate=560,919

　　ServiceCostatJanuary1,2004with6%discountrate=27,169

　　2005EstimatedEmployerContributions=38,000

　　2005EstimatedBenefitPayments=12,100

　　(a)Describetheconsiderationsforselectingthereturnonassetsduring2004andthe

　　discountratefor2005forbudgetingpurposes.

　　(b)Estimatethe2005pensionexpenseusingadiscountrateof6%andassumingno

　　othergainsorlosses.

　　(c)Describeandestimatetheeffectofachangeintheeconomicenvironmentoneach

　　componentofyourestimateofthe2005pensionexpense.

　　COURSE8:Fall2004-7-GOTONEXTPAGE

　　RetirementBenefits,

　　ComprehensiveSegment-Canada

　　AfternoonSession

　　Questions7–9pertaintotheCaseStudy

　　8.(12points)NOC’sVice-PresidentofHumanResourceshasaskedyoutopropose

　　changestoNOC’sFull-TimeSalariedPensionPlaninordertoreducecost.Shebelieves

　　thatthepensionplanistoogenerousforparticipantswhoretirebeforeage60,andshe

　　wantsplanparticipantstoretirelaterinthefuture.

　　(a)Describetheprocessyouwouldundertakeinperformingaplandesignproject.

　　(b)RecommendpossibleplandesignchangestomeetthegoalsoftheVice-President

　　ofHumanResources.Providesupportforyourrecommendation.

　　(c)ThegovernmentofGevreyisproposingintroducingapensionadjustmentsystem

　　similartothatdefinedbytheCanadianIncomeTaxAct.Describehowyour

　　responseto(b)wouldchangeasaresultofthisproposal.

　　COURSE8:Fall2004-8-STOP

　　RetirementBenefits,

　　ComprehensiveSegment-Canada

　　AfternoonSession

　　Questions7–9pertaintotheCaseStudy

　　9.(10points)Gevreyisproposingtheintroductionofadefinedcontribution(DC)social

　　insuranceprogram(SIP)effectiveJanuary1,2004.Benefitswouldbefundedby

　　employeeandemployercontributions,asfollows:

　　?Employeesandemployersbothcontribute5%ofpayonearningsupto$45,000(the

　　“WageBase”).

　　?TheWageBasechangesinlinewithchangesintheaveragewageinGevrey.

　　?Contributionsareinvestedatthedirectionoftheemployeesbyprivatelymanaged

　　investmentcompaniesselectedbyGevrey.

　　?Accountbalancesareavailabletoprovidedeath,disabilityandretirementbenefits.

　　?Accountbalancesmustbeusedtopurchaseannuitiesnolaterthanage65.

　　(a)DescribethechallengesthatothercountrieswithDCbasedsocialinsurance

　　systemshavefaced.

　　(b)Recommendchangestotheproposedprogram.Justifyyourrecommendation.

　　(c)Inordertomaintainanemployee’stotalbenefit(DCSIPpluscurrentplan)ata

　　levelequivalenttothatprovidedunderthecurrentsalariedplanprovisions,the

　　CFOofNOCisproposingtoamendtheNationalOilFull-TimeSalariedPension

　　Planbenefitto0.5%ofbestaverageearningsuptotheWageBase,plus2.0%of

　　bestaverageearningsinexcessoftheWageBase.

　　Critiquethisproposal.

　　**ENDOFEXAMINATION**

　　AFTERNOONSESSION
　　高顿网校之生活感悟：世界上最快乐的事，莫过于为理想而奋斗。——苏格拉底

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