Pension plan valuation, funding methods, and accounting for post-employment benefits.
These are the key learning objectives for Pensions and Retirement Benefits on SOA Exam ALTAM. Paraphrased from the public SOA syllabus — we recommend also checking the current syllabus on soa.org before your exam sitting.
Value defined benefit pension plans using projected unit credit and other funding methods
Compute service cost, interest cost, and other pension expense components
Apply IAS 19 and ASC 715 frameworks for pension accounting
Upload your ACTEX Exam ALTAM digital edition, scanned ASM pages, TIA handouts, or your own notes. exclam.ai extracts the Pensions and Retirement Benefits sections and generates flashcards automatically.
Generate multiple-choice quizzes specifically on Pensions and Retirement Benefits. Weak questions get re-surfaced until you get them right consistently.
Because Pensions and Retirement Benefits is 15–20% of your exam, losing it during review costs you. FSRS brings it back at the optimal moment.
SOA Exam ALTAM has 5 topic areas. Pensions and Retirement Benefits is weighted at approximately 15–20% of the exam — here is where it sits relative to the other topics.
| Topic area | Weight |
|---|---|
| Advanced Mortality Models | 15–25% |
| Advanced Life Insurance and Annuity Pricing | 20–30% |
| Reserves and Risk Management | 15–25% |
| → Pensions and Retirement Benefits | 15–20% |
| Health Insurance | 15–20% |
Multi-state mortality models, fractional age assumptions, and select and ultimate tables for advanced applications.
Gross premium pricing, profit testing, embedded value calculations, and universal life product pricing.
Policy reserves under different regulatory frameworks, deferred acquisition costs, and risk management strategies.
Pricing, reserving, and risk management for long-term health insurance and long-term care products.
Upload your ACTEX Exam ALTAM digital edition, scanned ASM pages, TIA handouts, or your own notes. exclam.ai generates a fully guided study plan with adaptive flashcards and quizzes for this topic.