Much more on the 2017 Enrolled Actuaries meeting in the next week of blogs, including the situation with church plans and cities that tried going from DB to hybrid plans, but first a game-changer for me on interest rates.
From the second general session on Setting an Expected Return Assumption there was this chart:
It was during those years when interest rates were at a 5000 year high that ERISA came in and retirement policy was legislated in the United States.
The Dutch Way is unlikely to catch on here but the aha moment came when Mr. Zijlmans was asked what interest rate was used to determine those funding ratios.
The answer: 1.2%.