Keneally

In this discussion, Mr. Keneally, lead counsel for M & K Employee Solutions, champions the argument that actuarial assumptions should remain fixed at the valuation date. Mr. Roberts, representing the Trustees, counters by explaining that 'as of' allows for retrospective calculations and customary post-measurement adjustments. Mr. Barber supports these interpretations with insights on long-standing actuarial practices. The debate unpacks complex statutory interpretations and the implications of variable financial assumptions on employer liabilities.