A special sub-account in a pension plan that is used to fund retiree medical benefits.
What is a 401(h) Account?
100
The year when FAS 106 became widely applicable.
What is 1993?
100
The number of Actuarial Cost Methods specifically listed in GASB 45.
What is 6?
100
The only actuarial cost method allowed under GASB 75.
What is the Entry Age actuarial cost method?
100
Jack Nicholson played this titular role of an actuary, who struggled to find meaning in life after retirement.
Who is Schmidt (in About Schmidt)?
200
An actuary is not allowed to assume this about claims costs expectations when determining the deductible contribution limit for pre-funding non-bargained retiree medical benefits in a VEBA.
What is trend?
200
FAS 106 was similar in many regards to the provisions of these two earlier pension-related Statements.
What are FAS 87 and FAS 88?
200
The discount rate used to measure an unfunded plan under GASB 45.
What is the estimated long-term investment yield on the employer's assets?
200
The discount rate used to measure an unfunded OPEB plan under GASB 75.
What is a 20-year tax exempt municipal bond yield with an average rating of AA/Aa or higher?
200
This Super Villain teamed up with The Actuary against Batman.
Who is The Penguin?
300
Generally, a plan sponsor cannot pre-fund retiree life insurance benefits in excess of this limit per retiree, on a tax effective basis.
What is $50,000?
300
Under the minimum amortization approach for gain/loss, this amortization period is used when "all or almost all of a plan's participants are inactive."
What is average life expectancy?
300
The minimum amortization period for a plan change under GASB 45.
What is 30 years?
300
The minimum amortization period for a plan change under GASB 75.
What is immediate?
300
AUDIO CLUE ---- Collectively, this quintet of non-actuaries were known as the Traveling Wilburys.
Who are George Harrison, Jeff Lynne, Roy Orbison, Tom Petty and Bob Dylan?
400
Governmental entities can set up this OPEB trust, which is established as an integral part of a governmental entity that performs an essential government function.
What is a Section 115 Trust?
400
FAS 106 generally allows for Prior Service Costs and Gains/Losses to be recognized more rapidly than the minimum required, with this exception.
What is a Negative Prior Service Cost (or plan amendment)? (parag. 55)
400
The minimum amortization period for investment gains/losses under GASB 45.
What is 30 years?
400
The minimum amortization period for investment gains/losses under GASB 75.
What is 5 years?
400
In the movie Boyhood, this actor's character became an actuary, presumably to show that he had become a responsible adult.
Who is Ethan Hawke?
500
The contribution to a retiree medical sub-account cannot exceed 1/3 of the pension income contribution due to this limit.
What is the Subordination Limit?
500
An irrevocable action that relieves the employer of primary responsibility for a postretirement benefit obligation and eliminates significant risks related to the obligation and assets used in the action.
What is a Settlement?
500
The minimum amortization period under GASB 45 when an Actuarial Cost method change results in a significant decrease in UAAL.
What is 10 years?
500
The minimum amortization period under GASB 75 when an Actuarial Cost method change results in a significant decrease in UAAL.
What is not applicable (only 1 cost method allowed)?
500
The righty-lefty tandem who helped the 1990s Atlanta Braves win a lot of games, not with dominant "stuff" but with their actuarial approach on the mound.