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acknowledged that the reserve funded using the aggregate cost
method will not be fully funded with respect to an individual
employee upon retirement. In Mr. Daskais’s opinion, full funding
upon retirement of an individual employee is not required; in his
opinion the end of the working lives of covered employees occurs
when the employment of all covered employees has terminated.
Mr. Daskais computed the maximum contribution for 1991-94 to
the postretirement medical trust deductible under section 419 by
applying the aggregate cost method using the same actuarial values
(including the investment rate) Mercer used, as follows:
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