In the solution in revision booklet 4 to part iii of this question, why, when calculating the CUAL, is 380 used for the AAAL and not 550 as calculated in part i? Thanks in advance!
Haven't looked at it detail but it appears 380 = actives only 550 = actives + deferreds and pensioners too If adjusting the PUAL = AAAL to get the CUAL by stripping out salary increases, you only do this on the active liability, not on the deferred and pensioner liability (as there are no salary increases in these liabilities in the first place).
