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Post by Admin on Jan 8, 2018 11:19:26 GMT -8
Feel free to ask any questions, we will try to answer all of them. However, please be aware that some questions might not be answered.
Best of luck!
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Post by austin on Jan 10, 2018 18:35:47 GMT -8
Does anyone know what the EEID is? Our team is looking through the data and found considerable gaps in the 2017 data (there could be other gaps). Is this number just another way of identifying the employees or is it more significant than that?
Also, is the Retirement Benefit that is calculated ($800 x years of service) paid to that employee every month or year? So for instance, an employee working 5 years would get $4,000. Would they receive the $4,000 once a year or once a month?
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Post by Hi on Jan 10, 2018 23:40:32 GMT -8
We may have some misunderstandings on how to find the actual active retirement rate. We think it is the number of people who retire next year over the number of people who are eligible for retirement this year. However, we get some unreasonable results. Could you please clarify this for us? Thanks!
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Post by Admin on Jan 11, 2018 10:03:36 GMT -8
Does anyone know what the EEID is? Our team is looking through the data and found considerable gaps in the 2017 data (there could be other gaps). Is this number just another way of identifying the employees or is it more significant than that? Also, is the Retirement Benefit that is calculated ($800 x years of service) paid to that employee every month or year? So for instance, an employee working 5 years would get $4,000. Would they receive the $4,000 once a year or once a month? Hi Austin, Please remember that, as the case question states, many people have handled this data in the past, and so there may be errors, omissions or inconsistencies that you will have to use your best judgment to correct. Apart from that, we are going to decline to comment on the significance of any field in the data. Regarding the retirement benefit, we would recommend you research, perhaps online, what a typical and reasonable benefit might be. BAS Officers |
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Post by Admin on Jan 11, 2018 10:09:35 GMT -8
We may have some misunderstandings on how to find the actual active retirement rate. We think it is the number of people who retire next year over the number of people who are eligible for retirement this year. However, we get some unreasonable results. Could you please clarify this for us? Thanks! Hello, Unfortunately, we are going to decline to detail how to calculate the retirement rate from the data. Best of luck, BAS Officers |
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Post by Josh on Jan 11, 2018 19:58:30 GMT -8
So my group was wondering about how for the excel files if they were done at the start of every year or start of the new year (i.e. for the 2012 file, was that data recorded on January 1st, 2012 or January 1st, 2013, and so on for the other year files). We kinda of need an answer to this so that our data isn't off by a year.
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Post by James on Jan 11, 2018 20:58:07 GMT -8
Is the graph on the 3rd page just an example of what the data could look like if you plotted the actual retirement rates with the current assumptions that are in place as a confidence interval? Or is the graph just an example not at all relating to the actual data we are given?
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Post by Admin on Jan 11, 2018 21:04:46 GMT -8
So my group was wondering about how for the excel files if they were done at the start of every year or start of the new year (i.e. for the 2012 file, was that data recorded on January 1st, 2012 or January 1st, 2013, and so on for the other year files). We kinda of need an answer to this so that our data isn't off by a year. Hi Josh, We believe there is enough information in the Case Question to answer your question. Thanks, |
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Post by Admin on Jan 11, 2018 21:07:37 GMT -8
Is the graph on the 3rd page just an example of what the data could look like if you plotted the actual retirement rates with the current assumptions that are in place as a confidence interval? Or is the graph just an example not at all relating to the actual data we are given? Hi James, As the Case Question states, "It may be helpful to create a visual, similar to the below for each assumption." Therefore you should create your own, presumably not identical to the one already given. Thanks |
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Post by guest on Jan 12, 2018 17:20:20 GMT -8
Hi,
My group is stuck on the mortality rates assumption. We cannot find a defined assumption nor any data to test the accuracy of this assumption despite it being mentioned in the third paragraph of the Case Question document. Where should we look to find mortality rates?
Thank you.
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Post by Admin on Jan 14, 2018 0:15:23 GMT -8
Hi, My group is stuck on the mortality rates assumption. We cannot find a defined assumption nor any data to test the accuracy of this assumption despite it being mentioned in the third paragraph of the Case Question document. Where should we look to find mortality rates? Thank you. Hello, Please remember that finding and using relevant, reliable outside data is important in case competitions. Also please note which assumptions the case question has directed you to test for accuracy. Regards, BAS Officers |
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Post by guest on Jan 15, 2018 13:41:29 GMT -8
Hi,
Will the judges be given the executive summary during the presentation?
Thank you,
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Post by guest on Jan 15, 2018 13:57:28 GMT -8
Will there be a Q and A round for the first round?
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Post by Participant on Jan 15, 2018 18:17:13 GMT -8
The Provision plan states that "if married, 50% joint and survivor" so that refers to that 50% of married employees choose joint and survivor plan OR do they get only 50% of the amount if they choose joint and survivor?
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Post by Admin on Jan 15, 2018 21:07:31 GMT -8
Hi, Will the judges be given the executive summary during the presentation? Thank you, Hello, Yes, all judges will receive a copy of your team's executive summary during the First Round. Executive summaries of the finalists will also be available to judges and audience members on Wednesday. Regards, BAS Officers |
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Post by Admin on Jan 15, 2018 21:08:51 GMT -8
Will there be a Q and A round for the first round? Hello, Yes, as the First Round Presentation Rubric sent to every team states, Q&A will be an integral part of the First Round. Regards, BAS Officers |
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Post by Admin on Jan 15, 2018 21:21:53 GMT -8
The Provision plan states that "if married, 50% joint and survivor" so that refers to that 50% of married employees choose joint and survivor plan OR do they get only 50% of the amount if they choose joint and survivor? Hello, The provisions state that employees who are married will receive their pension benefit in the form of a "50% Joint & Survivor" annuity. Employees who are not married will receive their benefit in the form of a "single-life annuity." Regards, BAS Officers |
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