Description: This author makes a few suggestions for how the ASB can improve the way it defines and sets standards of practice in light of the challenges actuaries face today. The author believes that ASOP's hould be promulgated by the ASB ony after a thorough process that goes beyond codifying existing practices.

Description: Discusses plan design and funding issues – for small and large plans – arising from changes to the Section 415 limits, including: transition rules, adjustments to the $90,000 limit, combined-plan limits, top-heavy plans, and problem-solving. From the 1988 Record of Society of Actuaries, Vol. 14, No. 1.