B
barney
Member
Hi,
In this question the Attained Age Actuarial Liability is calculated in part (i). It is the past service liability in respect of actives and deffereds and pensioners.
However, in part (iii), the AAAL is used in another calculation but the figure used is not the figure calculated in part (i). The figure used in part (iii) is the past service liability in respect of actives only.
Why is this?
In this question the Attained Age Actuarial Liability is calculated in part (i). It is the past service liability in respect of actives and deffereds and pensioners.
However, in part (iii), the AAAL is used in another calculation but the figure used is not the figure calculated in part (i). The figure used in part (iii) is the past service liability in respect of actives only.
Why is this?