TECHNICAL ACTUARIAL INSIGHTS
FROM THE ACTUARIAL DESK

Essentially, when the actuary has determined a final effective bonus from the actuarial valuation to apply to active members' Shares of Fund and pro-rata to members who have exited during the current valuation period, fairness regarding bonus distribution is the desired outcome. The Fund Administrator often wish to distribute a final bonus to members of a Pension Fund as at the valuation date. However, this approach if not applied appropriately disadvantages members who were