TAI May22 Issue (Puzzling Pension)

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Across
  1. 3. When the liabilities exceed the assets [7]
  2. 5. When the assets exceed the liabilities [7]
  3. 9. A measure of sensitivity of the liability to the discount rate [8]
  4. 12. One of the decrements applicable to pension scheme members [5]
  5. 13. A system where no funds are set aside to meet future liabilities [4]
  6. 14. Effect of an event that significantly reduces the number of members covered by an employee benefit plan [11]
  7. 16. Method of availing leaves [4]
  8. 18. Period an employee must serve to get gratuity under PoGA [4]
  9. 20. People responsible for administering the pension scheme in line with the trust rules [8]
Down
  1. 1. Period before an employee is unconditionally eligible for a benefit [7]
  2. 2. A transaction that relieves the employer of all obligation towards a particular benefit [10]
  3. 4. Approach recommended by USGAAP ASC 715 for recognising gains & losses [8]
  4. 6. Ratio of value of assets to value of liabilities [7]
  5. 7. A scheme that allows employees to buy shares of the company at a specified price at a specified future date [4]
  6. 8. An investment strategy used by DC plans to vary asset allocation by age of member and time to their desired retirement age [11]
  7. 10. The rate at which benefits build up [7]
  8. 11. A scheme where significant benefits have already accrued and the membership is ageing [6]
  9. 15. Mthod of recognising gains & losses over an appropriate period [12]
  10. 17. Ratio of citizens not in the labour force to those who are [10]
  11. 19. Risk mitigated by purchase of annuities [9]