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CERTIFICATION OF ACTUARIAL ASSUMPTIONS ON EXCESS RESERVES OF THE PENSION TRUST FUNDS County of ___ Countywide Cost Allocation Plan FY ___I hereby certify, as the responsible official of ___ County,
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Gather all relevant data and information regarding actuarial assumptions.
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Review previous reports and calculations to ensure accuracy and consistency.
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Fill out the certification form accurately and completely.
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Have the certification reviewed and approved by the appropriate authorities before submission.
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What is certification of actuarial assumptions?
Certification of actuarial assumptions is the process of verifying and validating the assumptions used by actuaries in calculating financial projections and estimates.
Who is required to file certification of actuarial assumptions?
Insurance companies, pension funds, and other entities that rely on actuarial estimates are required to file certification of actuarial assumptions.
How to fill out certification of actuarial assumptions?
To fill out certification of actuarial assumptions, actuaries need to review the assumptions used in their calculations, ensure they are reasonable and appropriate, and provide a signed statement confirming the accuracy of the assumptions.
What is the purpose of certification of actuarial assumptions?
The purpose of certification of actuarial assumptions is to provide assurance to stakeholders that the financial projections and estimates are based on valid and reliable assumptions.
What information must be reported on certification of actuarial assumptions?
Certification of actuarial assumptions typically includes details on the assumptions used in financial calculations, the rationale behind those assumptions, and any deviations from standard practices.
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