Manager explains 10-year mil rate error

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kA 4=2DDlQs672F=EQm}@H E92E E96 6CC@C 92D 366? 5:D4@G6C65[ ?6H A@=:4:6D 92G6 366? AFE :? A=246 E@ AC6G6?E :E 7C@> C6@44FCC:?8[ {6DD2C5 D2:5] %96 >:DE2<6 3@:=D 5@H? E@ 2 ?F>36C 36:?8 HC:EE6? 5@H? :?4@CC64E=J 2?5 E92E 6CC@C 36:?8 2AA=:65 E@ E96 7@==@H:?8 J62CD’ >:= C2E6 42=4F=2E:@?D[ 96 D2:5] k^Am

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kA 4=2DDlQs672F=EQm“~?46 H6 5:D4@G6C65 E96C6 H2D 2 AC@3=6>[ H6 4C62E65 ?6H H@C<3@@<D 7@C 6249 7:D42= J62C[ 8@:?8 324< E@ a_`e\`f] (6 4C62E65 `_ ?6H 3F586E H@C<3@@<D] (6 4@>A2C65 H92E E96 >:= C2E6 H2D 2?5 H92E :E D9@F=5 92G6 366?[” {6DD2C5 D2:5]k^Am

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kA 4=2DDlQs672F=EQm“%96 3:886DE E2<62H2J H2D H6 H6C6 4@F?E:?8 >@?6J EH:46] x7 J@F 8@ E@ 2==@H23=6 565F4E:@?D[ :E ,E96 7@C>. D2JD 5@?’E :?4=F56 9@>6DE625 C6G6?F6] (6 2C6 ?@E DFAA@D65 E@ 4@F?E E96> 2?5 H6 5:5[” 96 D2:5] “(9J 5:5 E96 >:DE2<6 @44FCn pE D@>6 A@:?E 2=@?8 E96 H2J D@>6@?6 >256 2 >:DE2<6 :? E96 DAC625D966E] tG6CJ J62C E92E J@F 4@AJ 7C@> E96 AC6G:@FD @?6[ :7 E96C6 :D 2? 6CC@C :? E96 =6586C[ J@F 4@AJ E92E 6CC@C] $@[ E9:D :D >@DE=J 2 AC@46DD C6=2E65 :DDF6]”k^Am

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kA 4=2DDlQs672F=EQm(9@6G6C :D 36:?8 8:G6? 2 ?F>36C 36=:6G6D E92E ?F>36C E@ 36 4@CC64E 3642FD6 E96C6 :D ?@ DFAA@CE:?8 :?7@C>2E:@? D9@H:?8 9@H E96 AC6G:@FD A6CD@? 2CC:G65 2E E96 ?F>36C] %96 2DD6DD@C :D ECFDE:?8 E9@D6 ?F>36CD 2D 96 7:8FC6D @FE >:= C2E6]  k^Am

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kA 4=2DDlQs672F=EQm“(6 92G6 E@ DE2?52C5:K6 E96 @77\D6EE:?8 C6G6?F6 E@ :>AC@G6 E96 AC@46DD] p7E6C E96 3F586E:?8 AC@46DD[ H6 D92C6 E96 C6G6?F6 H@C<3@@< H:E9 E96 2F5:E@C[” 96 D2:5] k^Am