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Old 04-23-2019, 02:51 PM
actinsta actinsta is offline
Join Date: Apr 2019
Posts: 5
Default EOM 3 Task 5: Member Contribution Rate

For Task 5, in the file SOA_FAP_Mod3Exercise01-03EmployeeData, we are changing the Adjustment to Base Contribution (Column H) in order to ensure that the minimum contribution is at least 75% of the maximum contribution. In that case, why do we need to also check the Member Contribution Rate in Column J? Do the rates in Column J also need to satisfy the 75% rule? Also Column J is a % of prior year earning whereas the 75% rule is a percentage of pensionable earning.

Any help will be greatly appreciated.
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Old 07-08-2019, 08:28 AM
J. Nahm J. Nahm is offline
SOA Non-Actuary
Join Date: Jun 2019
Posts: 16

I have similar but different questions. What is the role of "Adjustment to Base Contribution" on EmployeeData excel. Do we have to change the number or that is fixed?
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eom 3, eom3

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