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KENTUCKY RETIREMENT SYSTEMS05 RS HE 267 SCS?ACTUARIAL COST ANALYSIS BR 1087I. PROPOSED REVISIONUnder the provisions of 05 RS HE 267/PSS, the following changes are proposed that are related to the
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The 6350 actuarial analysis is a detailed report that assesses the financial condition of pension plans and other post-employment benefit plans, evaluating their ability to meet future obligations.
Entities that maintain pension plans or other post-employment benefit plans, typically employers or plan administrators, are required to file the 6350 actuarial analysis.
To fill out the 6350 actuarial analysis, one must gather relevant financial data of the plan, perform necessary calculations based on actuarial assumptions, and complete the required forms, ensuring compliance with regulatory guidelines.
The purpose of the 6350 actuarial analysis is to evaluate a plan's funding status, project future liabilities, and ensure that the plan is adequately funded to meet its benefit obligations.
Information that must be reported includes the plan's assets, liabilities, funding status, actuarial assumptions used, and any significant changes in plan provisions.
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