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Analysis of experience - Coggle Diagram
Analysis of experience
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Data required
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Data relating to any factor that may have affected the scheme during the period between these valuations
Analysis process
If CoB, A and L must be based on either the new basis or the old basis as long as the values are consistent.
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Once an item has been analysed, all subsequent calculations are based on the expected values of that item to avoid double counting.
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Future service cost
The stability of retirement benefit costs under the chosen funding method may depend on the stability of the age/ gender structure of the membership.
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