To help assess the uncertainties that surround a defined benefit pension plan, corporations frequently hire a(n):

Question

Quizplus · Accepted Answer

Actuaries specialize in calculating and managing the financial risks and uncertainties associated with defined benefit pension plans. They use statistical methods to assess factors such as mortality rates, investment returns, and inflation, and help companies to determine how much they need to contribute to their pension funds to ensure they can meet their obligations to retired employees. Therefore, hiring an actuary is the best choice for assessing the uncertainties surrounding a defined benefit pension plan.

To Help Assess the Uncertainties That Surround a Defined Benefit