RE: Preliminary Views on Economic Condition Reporting: Financial Projections Dear Mr. Bean: April 2, 2012 Washington, DC 20036 Telephone 202 223 8196 Facsimile 202 872 1948 www.actuary.org 1850 M Street NW Suite 300 For example, assume there is a pension plan with $1,000 in assets invested in a portfolio with an expected geometric return of 7 percent and an annual standard deviation of 10 Do you agree with this view? Why or why not? 2