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  #41  
Old 05-04-2012, 02:37 PM
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Arthur Kade Arthur Kade is offline
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Originally Posted by Coyoterine View Post
I get it. Maybe the other poster had a moral lobotomy. Discrimination testing is bad, use whatever tools you want to pass. Funding assumptions are good, use whatever mortality produces higher funding.
It's not even a moral issue. It's a futility issue. It's all a game. The rules are stupid. The tools/methods/assumptions used to circumvent the rules are stupid. If the law ever had a societal value, it long ago vanished like a fart in the wind. The whole thins is utterly pointless and idiotic. It's like the IRS is getting paid to dig a hole and actuaries are paid to use the removed dirt to fill the hole back up again. Selling people burgers at McDonald's adds more value to society. If I could make even close to what I make selling burgers, I consider that much more honorable/useful work than being a pension actuary.
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I am DISGUSTED to be a pension actuary.
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  #42  
Old 05-04-2012, 07:23 PM
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Duffer Duffer is offline
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It's not even a moral issue. It's a futility issue. It's all a game. The rules are stupid. The tools/methods/assumptions used to circumvent the rules are stupid. If the law ever had a societal value, it long ago vanished like a fart in the wind. The whole thins is utterly pointless and idiotic. It's like the IRS is getting paid to dig a hole and actuaries are paid to use the removed dirt to fill the hole back up again. Selling people burgers at McDonald's adds more value to society. If I could make even close to what I make selling burgers, I consider that much more honorable/useful work than being a pension actuary.
Running a MacDonalds might be more rewarding than being a pension actuary. I have a few franchise owners among my friends, and they get to the upper middle class income level. Otherwise, why put up with health rules, employment rules, managing suppliers, public relations, etc.?

But Arthur, not everyone has given up on the value of their work. I still add important value and perspective for people who need to save for their retirement.
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