Specifically, if their claims ratio and projected actuarial loss
threaten the solvency of the business, they will be asked to raise premiums.
Pension Benefits 2011 2010 Amounts Recognized in AOCI: Unrecognized net prior service cost $(1,492) $(1,660) Unrecognized net actuarial loss
(2,439) (1,777) Gross unrecognized cost at December 31 $(3,931) $(3,437) Minimum amortization method U.
94) from the non-cash actuarial loss
on benefit plans, $(0.
91m, while there was a pounds 5m actuarial loss
on its pensions.
Because the beginning deferred actuarial loss
of $1,270 is larger than the $590 corridor (10% of beginning plan assets of $5,900), the $680 excess deferral ($1,270-$590) is divided by the five-year service period to produce the $136 one-time adjustment that is added to the year's pension cost and deducted from comprehensive income.
He did not apply actuarial loss
development factors to the incurred loss amounts.
If the actual return on the plan assets is less than the expected return, there is an actuarial loss
Some TPAs are concerned that actuaries are looking over their shoulders and that an actuarial loss
reserve analysis will conclude that adjusters are not doing a good job.
Its accounts just filed at Companies House also showed it made an actuarial loss
of pounds 66.
Finally, $1 million of actuarial loss
is recognized in income for 2005.
SIRAM relies on actuarial loss
projections and, therefore, is affected by factors that make actuarial loss
forecasting less reliable.
2004 2003 $ $ Accrued benefit obligation, beginning of year 17,358 17,018 Current service cost 1,395 996 Interest cost 1,082 1,168 Benefits paid (1,584) (1,439) Actuarial loss
83 1,473 Corporate restructuring giving rise to: - Settlements - (1,858) Accrued benefit obligation, end of year 18,334 17,358 Fair value of plan assets, beginning of year 15,931 13,660 Actual return on plan assets 1,812 2,466 Employer contributions 1,668 2,448 Employee contributions 645 654 Benefits paid (1,584) (1,439) Corporate restructuring giving rise to: - Settlements - (1,858) Fair value of plan assets, end of year 18,472 15,931 Plan assets consist of: % % Asset Category Equity securities 67.