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Revised Educational Note: Alternative Settlement Methods for Hypothetical Wind-Up and Solvency Valuations

This revised educational note provides guidance to actuaries who decide to use alternative settlement methods for hypothetical wind-up and solvency valuations. The Committee on Pension Plan Financial Reporting (PPFRC) reviewed the content of the educational note, Alternative Settlement Methods for Hypothetical Wind-Up Solvency Valuations (prior note, published on September 18, 2013) in January 2020. The PPFRC agreed that the required change was to direct the user to obtain guidance on the description of ‘large’ (i.e., capacity thresholds or thresholds) from the most recently published educational note and/or educational note supplement Assumptions for Hypothetical Wind-Up and Solvency Valuations. This revised educational note is otherwise largely unchanged from the prior note.

For any questions, contact Jared Mickall, Chair, PPFRC.

Announcement Number2020-04(07164) April 29, 2020