State of Montana, Teachers' Retirement Division, Financial/compliance Audit for the Two Fiscal Years Ended June 30, .. 1994
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In our eReader you can find the full English version of the book. Read State of Montana, Teachers' Retirement Division, Financial/compliance Audit for the Two Fiscal Years Ended June 30, .. 1994 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book State of Montana, Teachers' Retirement Division, Financial/compliance Audit for the Two Fiscal Years Ended June 30, .. 1994
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FUNDING STATUS AND PROGRESS The pension benefit obligation is a standardized disclosure of the present value of pension benefits, adjusted for the effects of projected salary increases, estimated to be payable in the future as a result of employee service to date. The measure is the actuarial present value of credited projected benefits and is intended to help users assess the System's funding status on a going-concern basis, assess progress made in accumulating sufficient assets to pay benefit...s when due and make comparisons with other public employee retirement systems. The measure is independent of the actuarial funding method used to determine contributions to the System.
The pension benefit obligation was determined as part of an actuarial valuation at July 1, 1994.
Significant actuarial assumptions at June 30, 1994 include (a) a rate of return on the investment of present and future assets of 8% per year compounded annually, and (b) total projected salary increases of 6.5%. These same assumptions were used in the actuarial valuation at July 1, 1992.
What to read after State of Montana, Teachers' Retirement Division, Financial/compliance Audit for the Two Fiscal Years Ended June 30, .. 1994?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Office of the Legislative Auditor to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
FUNDING STATUS AND PROGRESS The pension benefit obligation is a standardized disclosure of the present value of pension benefits, adjusted for the effects of projected salary increases, estimated to be payable in the future as a result of employee service to date. The measure is the actuarial present value of credited projected benefits and is intended to help users assess the System's funding status on a going-concern basis, assess progress made in accumulating sufficient assets to pay benefit...s when due and make comparisons with other public employee retirement systems. The measure is independent of the actuarial funding method used to determine contributions to the System.
The pension benefit obligation was determined as part of an actuarial valuation at July 1, 1994.
Significant actuarial assumptions at June 30, 1994 include (a) a rate of return on the investment of present and future assets of 8% per year compounded annually, and (b) total projected salary increases of 6.5%. These same assumptions were used in the actuarial valuation at July 1, 1992.
What to read after State of Montana, Teachers' Retirement Division, Financial/compliance Audit for the Two Fiscal Years Ended June 30, .. 1994?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Office of the Legislative Auditor to read onlineMoreLess
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