CSP 2008 question 1

[fappakman]

Anyone else agree that in the calculation of interest cost you should only be using half a year's service cost? I get 30,926 vs 31,399.

[Kenny]

Immaterial and pretty much irrelevant. You would get the same number of points either way.

I think you and I have discussed this before, but there is nothing "incorrect" about calculating 1/2 year's expense by determining an annual expense and multiplying by 1/2. That is what is occuring here.

[lonadoonage]

I noticed that this morning. Yet another reason why I don't like looking at past exams for the written answer tests. I wonder how hard it would be for the SOA to write the solutions, rather than for them to pull one person's solution? It'd probably delay our results another three weeks or something like that, though. ;)

[fappakman]

Kenny-agreed. Sorry for repeating...too much going on I overlooked that (again)...hopefully that doesn't happen on the exam.

Loona-yeah I hear ya on this. Look at the response for number 5 (governance on Canada) as the perfect example. Its extremly scattered and mentions things that have nothing to do with the question is asking.

[Kenny]

Kenny-agreed. Sorry for repeating...too much going on I overlooked that (again)...hopefully that doesn't happen on the exam.

Loona-yeah I hear ya on this. Look at the response for number 5 (governance on Canada) as the perfect example. Its extremly scattered and mentions things that have nothing to do with the question is asking.

No need to be sorry. With everything there is to cover, it is easy to forget yesterday's conversation, much less last year's.

I have actually decided I like the current format of the model solutions. With the objectives listed and a quick summary of what the grader is looking for, followed by something that is only partially related to the question. It gives me confidence that I don't need to know every single little point listed in the EDGE QBS. Or when I read a question about retirement plan governance followed 2 pages later by another question about retirement plan governance with a different set of lists and I am completely confused how to know which set of lists I am supposed to remember I think about these model solutions and realize as long as get some a reasonable amount of related info I'm probably ok. (We'll see if I'm wrong about that feeling this summer when grades come out :)).