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#11




I am working through the EOM3 again as I also DMMR.
I am with you in that I interpret this to mean the additional contribution needed to fund the DB minimum on a DC basis. If I'm on the right track, I took this to mean the difference in contributions from Task #1  calculating the equivalent DC contribution rate to the DB formula they are describing to what we've done in Task #2. In Task #1, Since we were able to remove the 15% cap I also used a flat dollar for both up to and over the covered comp. I goalseeked and backed into this amount, FWIW. I used those items in Task #1 to come up with an agegraded scale for Task #2. I am thinking I will have to restrict some of the benefits for the executives in order to stay within the 15% budget limit. The difference in contributions under Task #1 and Task #2 is my Task #3. Also, for what it is worth, I am a pension actuary and this exercise confuses me too with the way it is written. I cannot think of very many good reasons to do what they are describing... 
#12




Ha, I am also in pensions which makes this all the more frustrating. And yea, this seems out of touch with what we actually do...
I did the same for Task 1. For Task 2 I just maxed out what the "long term" employees could receive based on the rules and just scaled down from there which sounds similar. For Task 3, I only end up with additional contribs for the 3 or 4 long term employees because they're the only ones who need them and it's just annoying because my aggregate contributions as a percent of earnings are just way higher than the company's threshold (not to mention the Cascadia laws). This makes me think I have done something wrong and that's my issue. Task 1 says we can ignore the 15% cap. Are you ignoring for the rest of the assignment? This is also not very clear. It seems you'd have to in order to do what they ask. I still haven't resubmitted this because every time I look at this assignment it upsets me.
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ASA, EA, MAAA RETPIRM RETDAU 
#14




This also is confusing to me. TASK 3: It says it will provide the GREATER of the DC and the DB (already set). Why do we need to add additional contribution if they are already going to pay the greater... The 24% max is applied to the top 2 employees so they are the only ones where DB is better. Why does this exercise continue to provide NO direction?? I'm going to give the answer as how I read it and provide the question as how they worded it. I interpreted it and answered it so they should practice what they preach (communication).
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MAN ASA GHC ,GHA, SP/ERM Last edited by PrfctPRACm8ksPrfct; 04162016 at 12:38 PM.. 
#15




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#16




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How do I approach tasks 13? I am so lost here... Task #1: I used employee data and plugged in to the input tab to get the DC rate that closely matches DB contribution rate (after removing 15% cap). I didn't alter anything else and I am getting unreasonable results for higher earning employees (ex: 20% up to covered earnings and 40% in excess of covered earnings). What am I missing here? 
#17




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For task 2 they mention mins/maxs and an overall contribution target to where you could adjust theoritcal % from task 1
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Exams: VEE: FAP: APC 
#18




Please help
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I also don't understand what I'm doing in task 2. Am I changing %'s in the CareerProjections file or the EmployeeData?
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Modules 68, FA APC 
#19




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I am just looking for any help I can get. I cannot figure out what I am supposed to be inputting into the "theoretical member contribution rate". Or just task 2 in general. This makes absolutely no sense. And how did you take the difference for task 3?
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Modules 68, FA APC 
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