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For all pension actuaries

Ed. Note Supplement: Guidance for Assumptions for Hypothetical Wind-Up and Solvency Valuations Update – Effective Sept. 30, 2017, and Applicable to Valuations with Effective Dates between Sept. 30, 2017 and Dec 30, 2017

The most recent guidance from the Committee on Pension Plan Financial Reporting (PPFRC) regarding assumptions for hypothetical wind-up and solvency valuations was provided in the educational note supplement dated August 9, 2017. This guidance applied for valuations with effective dates on and after June 30, 2017 (but no later than December 30, 2017).

The PPFRC has conducted its quarterly review of group annuity pricing conditions as at September 30, 2017 and has determined that a revision to its previous guidance regarding assumptions for hypothetical wind-up and solvency valuations is appropriate for valuations with effective dates on or after September 30, 2017 (but no later than December 30, 2017).

Additional information is contained in this educational note supplement. The guidance contained in this educational note supplement is consistent with the preliminary communication dated October 23, 2017.

Link(s)
Council/Committee
Practice Council/Committee on Pension Plan Financial Reporting
Contact with Questions Mark Mervyn, Chair, Committee on Pension Plan Financial Reporting at mark.mervyn@aonhewitt.com
Announcement Number
2017-11(03925)
November 2, 2017