这是高顿网校小编2014年8月1日上午为大家编写的04年北美精算师真题珍藏——Course8RC（第二页）。
　　6.(12points)NOCisproposingthefollowingchangestotheRetireeHealthBenefit
　　programofitssalariedemployees:
　　?EffectiveJanuary1,2004,theprogramwillbeclosedtonewemployees;
　　?Salariedemployeeswithlessthan20yearsofserviceatJanuary1,2004whodo
　　notretirebeforeJanuary1,2005willnotbeeligibleforthebenefitafterthatdate;
　　and
　　?Forallothersalariedemployees,effectiveJanuary1,2005,theportionofthe
　　premiumpaidbytheprogramwillbeinaccordancewiththefollowingschedule:
　　YearsofServiceat
　　Retirement
　　PlanRetiree/Spouse
　　20-2450%50%
　　25-2975%25%
　　30+100%0%
　　NOCwantsananalysisoftheproposedchanges,inrespectofthefollowinggroupsof
　　employees:
　　?GroupA–thesalariedemployeeswhoarecurrentlyeligibleforthebenefitsbut
　　wholosethebenefitsiftheydonotretireinthenextyear;
　　?GroupB–thesalariedemployeesotherthanthoseinGroupAwhoarenolonger
　　eligibletoreceivebenefitsundertheprogram;
　　?GroupC–thesalariedemployeeswhoareeligible,undercurrentassumptions,to
　　receivereducedbenefitsundertheprogram;and
　　?GroupD–thesalariedemployeesnotaffectedbytheproposedchanges.
　　(a)(7points)BasedontheageandservicedistributionoftheNOCFull-Time
　　SalariedPensionPlanatJanuary1,2004,estimatethenumberofsalaried
　　employeesinGroupsA,B,CandD.Identifyanyassumptionsyouusedinyour
　　estimate.
　　(b)(3points)Describeanyspecialaccountingtreatmentsthatareapplicablefor
　　GroupsA,B,CandD.
　　(c)(2points)DescribetheconsequencestoNOCoftheproposedchanges.
　　**ENDOFEXAMINATION**
　　MORNINGSESSION
　　COURSE8:Fall2004-6-GOTONEXTPAGE
　　RetirementBenefits,
　　ComprehensiveSegment-Canada
　　AfternoonSession
　　**BEGINNINGOFEXAMINATION8**
　　COMPREHENSIVESEGMENT-CANADA
　　AFTERNOONSESSION
　　Questions7–9pertaintotheCaseStudy
 
　　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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