Affirm Pension Actuaries’ Timing Discretion, Groups Urge SCOTUS

Pension actuaries should have discretion to use relevant information when calculating liability of withdrawing companies without being bound by artificial deadlines, groups told the US Supreme Court in a slew of briefs.

The justices this week received six briefs urging them to back increased flexibility for pension actuaries, including one in which the US solicitor general said the plain text of federal pension law doesn’t impose strict timing requirements on the actuarial assumptions used to calculate withdrawal liability. Actuaries commonly choose or revise these assumptions after the measurement date set by law, and concerns this practice allows for manipulation are ...