The Pension Committee, chaired by David Kausch, continued work on ASOP No. 27, Selection of Economic Assumptions for Measuring Pension Obligations, and ASOP No. 35, Selection of Demographic and Other Noneconomic Assumptions for Measuring Pension Obligations. The ASB adopted both revisions in June.
The Pension Committee also continued its work on ASOP No. 4, Measuring Pension Obligations and Determining Pension Plan Costs or Contributions.