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Design and Accounting Exam Old Retirement Company/Sponsor Perspective (nation-specific) Forum

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  #21  
Old 09-20-2018, 12:24 AM
ohmymath ohmymath is offline
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Is anyone else struggling with some of the SOA solutions?

For example, Fall 2014 #3, they're using 10 years for the amortization period. Where in the problem were we told that it's 10 years? Or is that a general exam condition?
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  #22  
Old 09-29-2018, 11:48 PM
dabram09 dabram09 is offline
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One one hand it is really good that the exam solutions are so thorough. However, do our responses need to be that level of complete (like 10 bullet points for a 1 point problem)? Does anyone here know how what a sufficient response size would be per point?

Also, do they really expect us to be able to quote that much from each and every ASOP?

I mean, what is reasonable of the exam committee to require.
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  #23  
Old 10-03-2018, 10:15 AM
dxs326 dxs326 is offline
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@ohmymath

For Fall '14 #3, I agree there is nothing in the given info that says what the average future working lifetime of the plan is. 10 years is a reasonable assumption in practice, but the SOA failed to identify it as an assumption in the solution they published. In general, I would say that if the AFWL is absent, then use 10 years, but also specify in your solution that you assumed 10 years because the AFWL wasn't specified.
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  #24  
Old 10-12-2018, 08:15 PM
ohmymath ohmymath is offline
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Quote:
Originally Posted by dabram09 View Post
One one hand it is really good that the exam solutions are so thorough. However, do our responses need to be that level of complete (like 10 bullet points for a 1 point problem)? Does anyone here know how what a sufficient response size would be per point?

Also, do they really expect us to be able to quote that much from each and every ASOP?

I mean, what is reasonable of the exam committee to require.
I want to know this too. Often times I feel like I'm answering the question, but then when I compare to the solutions, I'm nowhere close to hitting all of their points.
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Last edited by ohmymath; 10-15-2018 at 10:19 AM..
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  #25  
Old 10-14-2018, 11:01 PM
Mogwai Mogwai is offline
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Can someone explain how a Net Transition ASSET works with regards to settlements and curtailments? I am confused on this. For settlements, the same % of the Unrecog g/l that is recognized is also applied to the NTA? And for curtailments, we just include the NTA as part of the Net Gain? Does any portion of the NTA get recognized under a curtailment?
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  #26  
Old 10-15-2018, 10:04 AM
dxs326 dxs326 is offline
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Quote:
Originally Posted by ohmymath View Post
I want to know this too. Often times I feel like I'm answering the question, but then when I compare to the solutions, I'm nowhere closer to hitting all of their points.
Time is always a huge factor on these written exams, so it's important to get your main points down, but then I would move on to the next question. Your total score will be higher if you get all the main points written for every problem, rather than providing extra detail on some and not enough detail on others. You will not have time to write down everything you know for every problem.

P.S. I passed this exam on the first try two years ago. Although I passed with a 6, so take my advice with the appropriate number of grains of salt.

Last edited by dxs326; 10-15-2018 at 10:11 AM.. Reason: More detail
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