Pension Income

[acted2021]

Hi,
If you have a correct running pension actuarial valuation with assumptions like decrement tables and pension formulas as input, what is an appropriate method to calculate actuarial gain or loss and service cost if there is previous year's data and assumptions.

 

[Gresham Arnold]

Hi there, although sources of surplus and analysis of experience is covered in SP4 (Chapters 20 and 21), full analysis of experience including the pros and cons of different approaches is definitely an SA4 topic and has a full chapter devoted to it (Chapter 20). I hope that helps!