National Education Association Retirement Plan Gets Schooled On Withdrawal Liability Interest Rate Assumptions
By EsqSocial Corporation 27/03/23
Seyfarth Synopsis: Another court has found that actuaries who set discount rates for withdrawal liability purposes that are not based upon their “best estimate of anticipated experience” for investments under the plan—in this case, basing the rate assumption only on estimated returns for 40% of the Plan’s assets in low risk fixed income investments—cannot withstand judicial scrutiny....
By: Seyfarth Shaw LLP