以下则是北美精算师2014年*7SOA真题——November2003Course8RU（最后一部分），请学员们笑纳。
　　47,000
　　350
　　52,000
　　250
　　57,000
　　750
　　52,667
　　Total # Participants
　　Avg Salary
　　700
　　44,357
　　1,950
　　48,410
　　2,800
　　55,018
　　5,450
　　51,284
　　The ABC Refinery Plans have no retirees.
 
　　COURSE 8: Fall 2003 -11- GO TO NEXT PAGE
　　Retirement Benefits,
　　Comprehensive Segment – U.S.
　　Afternoon Session
　　All Questions pertain to the Case Study9. Continued
　　January 1, 2003 Accounting Valuation Results for the ABC Refinery Plans
　　Pension Plan Post-Retirement
　　Medical Plan
　　Market value of assets $350,000,000 $0
　　PBO/APBO
　　Active members $325,000,000 $280,000,000
　　Inactive members 0 0
　　Total $325,000,000 $280,000,000
　　Service Cost $21,000,000 $15,000,000
　　Assumptions and Methods
　　Interest 8.5%
　　Salary scale 5.0%
　　Mortality GAM83
　　Turnover None
　　Retirement 100% at age 62
　　Asset valuation method Market Value
　　Actuarial cost method Projected unit credit
 
　　COURSE 8: Fall 2003 -12- GO TO NEXT PAGE
　　Retirement Benefits,
　　Comprehensive Segment – U.S.
　　Afternoon Session
　　All Questions pertain to the Case Study
　　9. Continued
　　Provisions of the Draft Purchase and Sale Agreement
　　The main provisions of the draft purchase and sale agreement, prepared by ABC,
　　for discussion with NOC, are:
　　Pension Benefits
　　?  Accrued benefits under the ABC Refinery Pension Plan will become
　　the responsibility of NOC under its Full-Time Salaried Pension Plan.
　　?  ABC will transfer the ABC Refinery Pension Plan assets to the NOC
　　plan, subject to regulatory approval
　　?  NOC is required to provide “substantially similar” pension benefits for
　　refinery employees following the sale date.
　　Post – Retirement Medical Benefits
　　?  NOC will be responsible for providing retiree medical benefits for
　　refinery employees.
　　?  ABC will make a lump sum cash payment to NOC equal to the
　　accounting liabilities for post-retirement medical benefits determined
　　using the ABC accounting assumptions.
　　Analyze the terms of the agreement and recommend revisions. Justify your
　　recommendation.
 
　　COURSE 8: Fall 2003 -13- STOP
　　Retirement Benefits,
　　Comprehensive Segment – U.S.
　　Morning Session
　　All Questions pertain to the Case Study
　　10. (7 points) The CEO of NOC is targeting a substantial reduction in operating expenses.
　　Three alternatives are being considered:
　　(i) An employee lay-off with severance benefits.
　　(ii) A temporary early retirement pension enhancement.
　　(iii) Phased-retirement.
　　(a) Describe advantages and disadvantages of each alternative.
　　(b) Describe the accounting implications of each alternative.
　　**END OF EXAMINATION**
　　AFTERNOON SESSION
　　高顿网校之名人心语剖析：我想正是伸手摘星的精神，让我们很多人长时间地工作奋战。不论到哪，让作品充分表现这个精神，并且驱使我们放弃佳作，只求杰作。 —— 李奥贝纳