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Actuarial Liabilities

Actuarial Liabilities. Gwen Marshman USSGL Staff. The Issue. Currently Agencies are reporting various types of activity in USSGL account 2690, “Other Actuarial Liabilities.” GAO and Treasury would like some of the activity separately reported because of materiality. The Issue.

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Actuarial Liabilities

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  1. Actuarial Liabilities Gwen Marshman USSGL Staff Actuarial Liabilities

  2. The Issue Currently Agencies are reporting various types of activity in USSGL account 2690, “Other Actuarial Liabilities.” GAO and Treasury would like some of the activity separately reported because of materiality. Actuarial Liabilities

  3. The Issue The USSGL can temporarily accommodate this request by adding footnotes that separate this activity within the USSGL account on the same reporting lines. The permanent fix is to add separate reporting lines and create new USSGL accounts to capture the specific activity. Actuarial Liabilities

  4. The Proposal • Separate specific activity from USSGL account 2690, “Other Actuarial Liabilities.” • 2660, “Actuarial Liabilities for Federal Insurance and Guarantee Programs • 2670, “Actuarial Liabilities for Treasury-Managed Benefit Programs Actuarial Liabilities

  5. USSGL Proprietary Account Crosswalks Page 3 of the Draft Actuarial Liability Scenario Actuarial Liabilities

  6. USSGL Proprietary Account Attributes Page 3 of the Draft Actuarial Liability Scenario C = Credit N = NonFed Y = Can be either Covered or Not Covered Actuarial Liabilities

  7. References • Transactions • USSGL Draft Actuarial Liabilities Scenario, USSGL Board Meeting 5/20/10 handout • Definitions • USSGL Voting Ballot #10-01 handout Actuarial Liabilities

  8. Questions??? Actuarial Liabilities

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