Funding Ratio, Surplus & Deficit and a Simple Stress Test
This lesson is part of the course
In this lesson
You track the Halvern Plan's funding ratio and surplus or deficit over six valuations, label each year under the trustees' funding policy and stress the latest funding ratio with an equity fall.
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Lessons in this course
- The DB Benefit Formula: Accrual Rate × Service × Final Salary Locked
- Projected Benefit Cash Flows by Year Locked
- The Liability: Present Value of Benefit Cash Flows with NPV Locked
- Funding Ratio, Surplus & Deficit and a Simple Stress Test Locked
- Liability Sensitivity: Duration Estimate vs Full Revaluation Locked
- Closing the Deficit: Recovery-Plan Contributions with PMT Locked
- Asset Allocation: Expected Return vs Liability Growth Locked
- Liability-Driven Investing: Interest-Rate Hedge Ratio by Duration Matching Locked