I’m chalking this up to KS verbiage issue, but question 5C on the 2018 mock talks about the impact on the plan surplus due to an immediate increase in interest rates (Duration of L > Duration of A). KS Answer: This would IMPROVE the Surplus.
The issue is there is NO SURPLUS currently (the plan is underfunded); so my answer talked about how an increase in rates would REDUCE the current underfunding gap (basically the same as improving the ‘surplus’).
Trying to determine t if my answer would be considered correct because I didn’t mention “improving the surplus” when there is no surplus. Or am I just missing something entirely here?