PEC 2012 - Retirement Benefits

[Patrickp]

Originally Posted by ElDucky

I must be missing something because I get rev 2011 when I go the link for the full IAS 19. For clarity, 2011 goes up to #174 (the version currently posted on the iasb website, which the link takes you to), but 2008 goes to #161.

I see that the technical summary they link to is now 2009.

You are right. it is still the IAS rev 2011. Do you have the link for the 2009 ? Is it the same as on the Fall 2011 exam CSP ?

thanks.

[ElDucky]

I can't find 2009 anywhere. I just happen to have it printed from a few weeks ago. It is the same as the CSP exam from 2011. Anyone who didn't print it already is aparently SOL. Way to go CIA.

[Patrickp]

Originally Posted by ElDucky

I can't find 2009 anywhere. I just happen to have it printed from a few weeks ago. It is the same as the CSP exam from 2011. Anyone who didn't print it already is aparently SOL. Way to go CIA.

LOL.. so confusing....

[West]

I have a question and I think it is straight forward. Little embarrassed I'm asking it, but maybe someone can answer it...

A full-time hourly employee is hired on January 1, 2010 at PEC. He works in Quebec.

The Hourly Plan's eligibility says: Minimum compliance by province

Quebec's SPPA says: Annual earnings of at least 35% of YMPE, or 700 hours worked, in the calendar year immediately preceding membership.

Let's say this employee is expected to earn $75,000 in 2010, which is above 35% of YMPE 2010.

Is his date of membership to the hourly plan January 1, 2011?

[ElDucky]

Yes, although I don't know what 'plan membership for part time workers may be optional' is supposed to mean.

[West]

Perhaps, that plan sponsors have the option (and not the obligation) to offer their pension plan to part-time employees. So, in Quebec a plan sponsor doesn't have to offer their pension plan to part-time workers.

[ElDucky]

Originally Posted by Patrickp

hi,

anybody have a solution for number 5 and 6a of the june 2011 exam ( retirement ) ?

and where are the older case studies ? i only received one for the june 2012 exam.

thanks

5a, the change in the Balance Sheet Asset should be 0 as far as I can tell. There is a change to the expense, but I don't see how a change in the expected return changes the balance sheet.

Part b seems to refer to 120(g), disclosure. Not sure if there are others.

[ElDucky]

I get 200,000 as the answer to 6a

[Patrickp]

Originally Posted by ElDucky

5a, the change in the Balance Sheet Asset should be 0 as far as I can tell. There is a change to the expense, but I don't see how a change in the expected return changes the balance sheet.

Part b seems to refer to 120(g), disclosure. Not sure if there are others.

Exactly what i thought . 0 . thanks for confirming.

[Patrickp]

Originally Posted by ElDucky

I get 200,000 as the answer to 6a

good. i got the same result. Was not sure if Market value of assets was supposed to be 0.

thanks.