Part 1, Actuarial viewpoints; measurement and actuarial principles which provides an overview of the two main perspectives on accounting for governmental pension benefits and the different measurement purposes each approach best serves and uses the questions posed by the ITC to examine how different measurements can meet different measurement objectives. The discussion in part 1 draws heavily on the views discussed in parts 2 and 3. Dear Mr. Bean: August 7, 2009 1850 M Street, NW
