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  #21  
Old 02-23-2017, 09:37 AM
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Originally Posted by Arthur Itas View Post


I think both parties in an active lawsuit should be cautious about what they choose to air in a public forum.
Screw that!
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  #22  
Old 02-23-2017, 09:45 AM
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I just read the questions jim palermo asked here several years regarding pension valuations. I wish more public officials would take the initiative to try to understand critical assumptions in the reports they are provided by experts. Nice work Jim.

I don't have enough info to have an opinion on the spat with the OP.
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  #23  
Old 02-23-2017, 09:56 AM
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I'm amazed that you have an AO account.

This thread just got JUICY!


Bah gawd, King! That's Jim Palermo's music!
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  #24  
Old 02-23-2017, 10:38 AM
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Originally Posted by r. mutt View Post
I am not a pension actuary, but I do wonder what the impaired mortality component would be for fire and police folks.
I understand that the SOA has been doing their first public plan experience study:

https://www.soa.org/Research/Researc...a-Request.aspx

The last item I see is from August 2015, so I don't know how far this has gotten. Perhaps they don't have enough data.
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  #25  
Old 02-23-2017, 10:46 AM
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for those who would like to see, Jim Palermo's first post on the AO was in March 2010, and here it is:

http://www.actuarialoutpost.com/actu...88#post4277088

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Originally Posted by jim palermo View Post
I'm not an actuary, but I am an elected trustee to my village's Board of Trustees. I'm concerned about the mortality assumptions used in our police and fire pension plans. Our actuary uses tables dated 1971. Most state-wide plans in Illinois use 1994 tables, and the Chiago Police uses 1983 dated tables. I've seen a newspaper column that says CALPERS says the life expectancy of public safety officers is nearly identical to other participants.

My question is this: Why might an actuary use a table so dated? THanks very muchh for your insight.

Jim
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  #26  
Old 02-23-2017, 10:49 AM
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Originally Posted by Hydraskull View Post
Ditto. This smacks of either ignorance or bamboozling. Either way, as an actuary, it's professional misconduct.

No qualified actuary would use this line of reasoning. We all know that just because a mortality table goes to age 120, that doesn't mean everyone lives to 120.
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  #27  
Old 02-23-2017, 10:50 AM
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I think both parties in an active lawsuit should be cautious about what they choose to air in a public forum.
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  #28  
Old 02-23-2017, 10:51 AM
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The other party in this lawsuit is the AAA.

(If you didn't notice, Palermo isn't an actuary)

I really doubt anybody from the AAA/ABCD will be showing up in this thread.
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  #29  
Old 02-23-2017, 11:03 AM
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Originally Posted by campbell View Post
The other party in this lawsuit is the AAA.

(If you didn't notice, Palermo isn't an actuary)

I really doubt anybody from the AAA/ABCD will be showing up in this thread.
at least not under their real name.
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  #30  
Old 02-23-2017, 11:17 AM
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"That 70s Table" used to be my favorite sitcom. Its spinoff "That mid-80s investment yield" was also a big hit for a while.
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