And in 1992, its hopes were apparently so high that actuarial projections were run to show the impact of genetic testing on future C.B.D.-related costs to the company, the court documents indicate.
The political trustees, with the complicity of Social Security's actuaries, have manipulated the long-term actuarial projections to generate a 2 percent deficit.
Elsewhere, plans have been tripped up by misreading actuarial projections and thinking there was "extra" pension money when there was not.
But actuarial projections are long-term averages, and when the above-average earnings are used in a good year, that does not leave any money to offset the inevitable bad year.
But the quickening pace of change was driven home by an Associated Press report that blended statistics from the Department of Veteran Affairs with actuarial projections.
Death would come slowly enough to keep pace with actuarial projections for a normal lifespan.
Yet the commission, pointing to actuarial projections, says workers would fare better with privatization because income from the investments would more than make up for its second round of benefit cuts.
By actuarial projections, lifetime benefits are about equal, whether you take them early or late.
Archdiocesan officials said they believed at the time that this was a prudent approach to the pension fund, because their actuarial projections showed that the Christmas and Easter proceeds were not needed.
True, most cops retire after 20 years; a police officer retiring today at age 42 after 20 years of service will collect $1.75 million in pension payments, based on actuarial projections.