In determining the present value of the prospective benefits (often referred to as the projected benefit obligation), which of the following are considered by the actuary?

Question

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Retirement and mortality rates are factors considered by the actuary to determine the present value of the prospective benefits, as these factors impact the timing and likelihood of benefit payouts. Interest rates are also considered as they impact the discount rate used to convert future benefit payments into present value. Finally, the benefit provisions of the plan are considered as they impact the amount and structure of benefit payments. Therefore, all of these factors are considered in determining the projected benefit obligation.

In Determining the Present Value of the Prospective Benefits (Often