In May 2020, the Actuarial Standards Board (ASB) established a designated group (DG) to review the Standards of Practice (SOP) for Post-Employment Benefit Plans (Part 6000, hereinafter “the SOP”). A notice of intent (NOI) was issued in June 2021 with a September 17, 2021, comment deadline.
The NOI presented some considerations for changes, mostly to align with current practice and to include some examples to provide further clarity to certain sections.