网友们，有在这里路过的吗？走过路过千万别错过北美精算师考试频道。下面是精挑细选出来的2014年北美精算师SOA真题November2004Course8RC（最后一部分）
　　7.(8points)YourclientNOCisbudgetingforfiscalyear2005inJuneof2004.Theyhave
　　askedyoutoestimatethefiscalyear2005pensionexpensefortheNationalOilFull-Time
　　HourlyUnionPensionPlan.
　　Youaregiven(allnumbersin$000’s):
　　AccruedBenefitObligationatJanuary1,2004with6%discountrate=560,919
　　ServiceCostatJanuary1,2004with6%discountrate=27,169
　　2005EstimatedEmployerContributions=38,000
　　2005EstimatedBenefitPayments=12,100
　　(a)Describetheconsiderationsforselectingthereturnonassetsduring2004andthe
　　discountratefor2005forbudgetingpurposes.
　　(b)Estimatethe2005pensionexpenseusingadiscountrateof6%andassumingno
　　othergainsorlosses.
　　(c)Describeandestimatetheeffectofachangeintheeconomicenvironmentoneach
　　componentofyourestimateofthe2005pensionexpense.
　　COURSE8:Fall2004-7-GOTONEXTPAGE
　　RetirementBenefits,
　　ComprehensiveSegment-Canada
　　AfternoonSession
　　Questions7–9pertaintotheCaseStudy
 
　　8.(12points)NOC’sVice-PresidentofHumanResourceshasaskedyoutopropose
　　changestoNOC’sFull-TimeSalariedPensionPlaninordertoreducecost.Shebelieves
　　thatthepensionplanistoogenerousforparticipantswhoretirebeforeage60,andshe
　　wantsplanparticipantstoretirelaterinthefuture.
　　(a)Describetheprocessyouwouldundertakeinperformingaplandesignproject.
　　(b)RecommendpossibleplandesignchangestomeetthegoalsoftheVice-President
　　ofHumanResources.Providesupportforyourrecommendation.
　　(c)ThegovernmentofGevreyisproposingintroducingapensionadjustmentsystem
　　similartothatdefinedbytheCanadianIncomeTaxAct.Describehowyour
　　responseto(b)wouldchangeasaresultofthisproposal.
　　COURSE8:Fall2004-8-STOP
　　RetirementBenefits,
　　ComprehensiveSegment-Canada
　　AfternoonSession
　　Questions7–9pertaintotheCaseStudy
 
　　9.(10points)Gevreyisproposingtheintroductionofadefinedcontribution(DC)social
　　insuranceprogram(SIP)effectiveJanuary1,2004.Benefitswouldbefundedby
　　employeeandemployercontributions,asfollows:
　　?Employeesandemployersbothcontribute5%ofpayonearningsupto$45,000(the
　　“WageBase”).
　　?TheWageBasechangesinlinewithchangesintheaveragewageinGevrey.
　　?Contributionsareinvestedatthedirectionoftheemployeesbyprivatelymanaged
　　investmentcompaniesselectedbyGevrey.
　　?Accountbalancesareavailabletoprovidedeath,disabilityandretirementbenefits.
　　?Accountbalancesmustbeusedtopurchaseannuitiesnolaterthanage65.
　　(a)DescribethechallengesthatothercountrieswithDCbasedsocialinsurance
　　systemshavefaced.
　　(b)Recommendchangestotheproposedprogram.Justifyyourrecommendation.
　　(c)Inordertomaintainanemployee’stotalbenefit(DCSIPpluscurrentplan)ata
　　levelequivalenttothatprovidedunderthecurrentsalariedplanprovisions,the
　　CFOofNOCisproposingtoamendtheNationalOilFull-TimeSalariedPension
　　Planbenefitto0.5%ofbestaverageearningsuptotheWageBase,plus2.0%of
　　bestaverageearningsinexcessoftheWageBase.
　　Critiquethisproposal.
　　**ENDOFEXAMINATION**
　　AFTERNOONSESSION
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