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Pensions Expert article - GIGO - Garbage In, Garbage Out
Check out PASA Board Director, Girish Menezes's latest article in Pensions Expert.
"It was in the early days of computing that the term ‘GIGO’ was coined. It stands for ‘garbage in, garbage out’.
If the raw data is flawed (garbage in), how can we expect member calculations to be accurate, valuations to be dependable, or buy-out providers to offer a good price for underwriting liabilities?"