LIA, Scope of Actuarial Report Services (FAS, IAS, FRS)

Lohmann International Associates
ローマンインターナショナルアソシエイツ
〒176-0021東京都練馬区貫井
カナダの年金アクチュアリー、ＵＳエンロールドアクチュアリー、社会保障制度による各種の給付コンサルタント。
Tokyo, JAPAN
Leslie John Lohmann, FSA, FCIA, CCP
Canadian Pension Actuaries, United States Enrolled Actuaries and Employee Benefit Consultants Serving the International Community

Please use the copyright notice or any mention of his name to send E-mail. Note that all automatic e-mail references now must be hand adjusted as indicated to reduce spam.
Last Updated January 20, 2006

LIA Scopes of Report Services

	The Lohmann International Actuarial Report	Basic Accounting	Basic Actuarial Liabilities
Accounting Principles adhered to	Included	Included⁽¹⁾	NA
Use best available current employee data⁽²⁾	Required	Required	Required
Use subset of current employee data	Not permitted	Not permitted	Not permitted
Use year-old data (either full employee data at that time, or a subset)	Not permitted	Not permitted	Not permitted
Presentation meeting	Included	Optional	Optional
Service standard, business day after all data and financial/contractual requirements met
Established deadline (if the deadline is established after all other requirements are met, the date the deadline is established controls)⁽³⁾	21st	16th	11th
No deadline	Best effort
An Examination of employee data⁽⁴⁾	Included	Included	Included
Correction of employee data errors	Required	Optional	Optional
Reporting of rejected employee data	NA	Optional	Optional
Providing of employee data	Optional	Optional	Optional
An Examination of assets	Included	Included	NA
A seriatim valuation on the current active employees	Included	Included	Included
An executive summary⁽⁵⁾	Included	Excluded	Excluded
A narrative of key results.	Included	Excluded	Excluded
Detailed age/service/pay charts	Included	Optional	Optional
Male	Included	Optional	Optional
Female	Included	Optional	Optional
Total	Included	Optional	Optional
Select employee statistics	Included	Included⁽⁶⁾	Included
A detailed description of our understanding of the plan.	Included	Optional	Optional
Statement of actuarial assumptions	Detailed	Abbreviated	Abbreviated
Statement of actuarial methods	Included	Abbreviated	Abbreviated
Statement of attribution method and justification for its selection	Included	Included	Included
As of the valuation date:
Vested Benefit Obligation (VBO)	Included	Included	Included
Shown by decrement	Included	Included	Included
Accumulated Benefit Obligation (ABO)	Included	Included	Included
Shown by decrement	Included	Included	Included
Projected Benefit Obligation/Present Value of a Defined Benefit Obligation (PBO/PVDBO)	Included	Included	Included
Shown by decrement	Included	Included	Included
Estimate of the total of the voluntary severance benefits	Included	Included	Included
Estimate of the total of the involuntary severance benefits	Included	Included	Included
Estimate of the total of projected retirement benefits no salary scale	Included	Included	Included
Estimate of the total of projected retirement benefits using salary scale⁽⁷⁾	Included	Included	Included
Effect of a 1% change (usually an increase) in the discount rate on the ABO	Included	Optional	Optional
Effect of a 1% change (usually an increase) in the discount rate on the PBO/PVDBO	Included	Optional	Optional
Normal Cost (NC) for the period beginning on the valuation date	Included	Included⁽⁸⁾	Included
Shown by decrement	Included	Included	Included
Effect of a 1% change (usually an increase) in the discount rate on the NC	Optional	Optional	Optional
Projected Benefits for the period beginning on the valuation date	Included	Included	Included
After our first year, a detailed gain and loss analysis by sources due to changes in assumptions, turnover, changes in pay, new entrants and errors. The starting point is the estimate we provided in our actuarial report from the prior year (please see below).
Vested Benefit Obligation (VBO)	Optional	Optional	Optional
Accumulated Benefit Obligation (ABO)	Included	Optional	Optional
Projected Benefit Obligation/Present Value of a Defined Benefit Obligation (PBO/PVDBO)	Included	Optional	Optional
Normal Cost (NC)	Optional	Optional	Optional
Estimate of the total of the voluntary severance benefits	Optional	Optional	Optional
Estimate of the total of the involuntary severance benefits	Optional	Optional	Optional
After our first year, a detailed display of actual versus expected for each of the following. The starting point is the estimate we provided in our actuarial report from the prior year (please see below).⁽⁹⁾
New entrants	Included	Optional	Optional
Previous new entrants missed because of the data collection date	Included	Optional	Optional
Total turnover	Included	Optional	Optional
Benefit increases (such as those from salary increases)	Included	Optional	Optional
Benefit payments	Included	Optional	Optional
The reconciliation of funded status as of the measurement/balance sheet date	Included	Included⁽¹⁰⁾	NA
Determination of actual investment gain/loss	Included	Included	NA
Determination of change in net unrecognized gain and loss	Included	Included	NA
Analysis by source	Included	Optional	Optional
Additional liability	Included	Included	NA
Intangible asset	Included	Included	NA
Net Periodic Pension Cost (NPPC) by component. This will be your retirement plan expense for the period beginning on the valuation date .	Included	Included	NA
After our first year, a detailed analysis of the changes in Net Periodic Pension Cost (NPPC) by sources due to changes in assumptions, retirements, changes in pay, new entrants and errors. The starting point is the estimate we provided in our actuarial report from the prior year (please see below).	Included	Optional	NA
Effect of a 1% change (usually an increase) in the discount rate on the NPPC	Included	Optional	NA
Pricing valuation; expected long term percent of pay cost⁽¹¹⁾	Included	Optional	NA
Estimated/Projected as of the next valuation date:
Vested Benefit Obligation (VBO)	Included	Optional	Optional
Shown by decrement	Included	Optional	Optional
Accumulated Benefit Obligation (ABO)	Included	Optional	Optional
Shown by decrement	Included	Optional	Optional
Projected Benefit Obligation/Present Value of a Defined Benefit Obligation (PBO/PVDBO)	Included	Optional	Optional
Shown by decrement	Included	Optional	Optional
Assets	Included	Optional	Optional
Estimate of the total of the voluntary severance benefits	Included	Optional	Optional
Estimate of the total of the involuntary severance benefits	Included	Optional	Optional
Normal Cost (NC) for the period beginning on the next valuation date	Included	Optional	Optional
Shown by decrement	Included	Optional	Optional
Projected benefits for the period beginning on the next valuation date	Included	Optional	Optional
During the year following the valuation date, the actuarial impact of expected turnover and salary increases on estimated
Vested Benefit Obligation (VBO)	Optional	Optional	Optional
Accumulated Benefit Obligation (ABO)	Included	Optional	Optional
Projected Benefit Obligation/Present Value of a Defined Benefit Obligation (PBO/PVDBO)	Included	Optional	Optional
Normal Cost (NC)	Optional	Optional	Optional
Estimate of the total of the voluntary severance benefits	Optional	Optional	Optional
Estimate of the total of the involuntary severance benefits	Optional	Optional	Optional
During the year following the valuation date, a detailed display of the actuarially expected for each of the following.⁽¹²⁾
New entrants	Included	Optional	Optional
Total turnover	Included	Optional	Optional
Benefit increases (such as those from salary increases)	Included	Optional	Optional
Benefit payments	Included	Optional	Optional
Estimated reconciliation of funded status on the next measurement/balance sheet date	Included	Optional	Optional
Additional liability	Included	Optional	NA
Intangible asset	Included	Optional	NA
Estimated NPPC by component for the following fiscal period.	Included	Optional	NA
Compliance with North American actuarial professional standards for an actuarial report	Included	No	No
Actuarial certification by a fully qualified actuary subject to professional discipline	Included	Qualified⁽¹³⁾	None

Please note that no scope includes audits of benefit payments, of the data nor of any assets. We provide support data in the Lohmann International Actuarial Report to allow the client and the auditor to check the accuracy of these numbers. We rely on the client for the accuracy of our understanding of the retirement plan.

Also note that, in the case of a cash balance plan or any other design that uses something other than salary to determine future benefit increases, we will use that basis for all gain and loss calculations without additional charges. There are additional fees for non-standard plans that may apply.

1. Those cells marked in green represent what we believe our competitors provide. In particular, please note the use of "year-old" data.

2. Those cells marked in lavender represent what we believe distinguish our service from our competitors.

3. Lohmann International Associates has never missed an established deadline since we began offering our services in 1991.

4. There are no extra charges for data received on a portable electronic medium in useable form. The menu is used for all additional handling of data not satisfying the standard in addition to the data examination charge.

5. Those cells marked in lavender represent what we believe distinguish our service from our competitors.

6. Those cells marked in green represent what we believe our competitors provide.

7. Those cells marked in lavender represent what we believe distinguish our service from our competitors.

8. Those cells marked in green represent what we believe our competitors provide.

9. Those cells marked in lavender represent what we believe distinguish our service from our competitors.

10. Those cells marked in green represent what we believe our competitors provide.

11. Those cells marked in lavender represent what we believe distinguish our service from our competitors.

12. Those cells marked in lavender represent what we believe distinguish our service from our competitors.

13. Those cells marked in green represent what we believe our competitors provide. Actuarial certification is not provided by all of our competitors.

We offer a professional discount to actuaries wishing to use our "Basic Actuarial Liabilites" for their own work. In addition to the scope indicated above, we provide the Present Value of Future Benefits (by decrement), the expected actuarial release of Actuarial Accrued Liability (by decrement) and the expected actuarial release of PVFB (by decrement). Optionally, we provide valuation details for "test" cases as requested. Expected benefits are also provided by decrement. We can accept any number of decrements.

Index to |Lohmann International Associates|

Index to
|Lohmann International Associates|