Valuations for

Other Services

We’ve assisted many public sector and private sector entities in several states with supplemental stabilization trusts, stochastic modeling, plan design, union negotiations, actuarial audits, administration and compliance consulting.

GASB

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Pension Benefits Valuation and Consulting

    We provide Actuarial Funding, GASB 68 Accounting valuations and consulting to our public sector clients. Our Services include:

    • Calculation of costs and liabilities in accordance with the most recent GASB 68 standards
    • Statement of assets in accordance with the most recent GASB 67 standards
    • Preparation of all required draft financial statement reporting and disclosure information
    • Executive Summary required and desired liability breakdowns
    • Analysis of change in liabilities from previous valuation
    • Valuation results presented in-person or virtual, with virtual meeting often provided free of charge
    • Discussion of upcoming regulation, plan design, and actuarial changes that may impact Pension financial results
    • Analysis of retiree Pension plan designs
    • Alternative plan design analysis and cost impact projections
    • Prefunding analysis, cost projections and development of funding policy
    • Review and analysis of funding scenarios and target objectives
    • Cash flow/benefit payout projections for open and closed group projections
    • Detailed demographic information and statistics on the plan and its members
    • Review of plan demographics and selection of actuarial methods and assumptions
    • Review and documentation of plan benefits per MOU’s, bargaining agreements, plan summaries, etc

Other Post-Employment Benefits Valuation and Consulting

    We provide Actuarial Funding, GASB 73 and 75 Accounting valuations and consulting to our public sector clients. Our Services include:

    • Calculation of costs and liabilities in accordance with the most recent GASB 73 or 75 standards
    • Statement of assets in accordance with the most recent GASB 74 standards
    • Preparation of all required draft financial statement reporting and disclosure information
    • Executive Summary required and desired liability breakdowns
    • Implied Subsidy included as required with detailed explanation and sample accounting entries
    • Analysis of change in liabilities from previous valuation
    • Valuation results presented in-person or virtual, with virtual meeting often provided free of charge
    • Discussion of upcoming regulation, plan design, and actuarial changes that may impact OPEB financial results
    • Analysis of retiree OPEB plan designs
    • Alternative plan design analysis and cost impact projections
    • Prefunding analysis, cost projections and development of funding policy
    • Review and analysis of funding scenarios and target objectives
    • Cash flow/benefit payout projections for open and closed group projections
    • Detailed demographic information and statistics on the plan and its members
    • Review of plan demographics and selection of actuarial methods and assumptions
    • Review and documentation of plan benefits per MOU’s, bargaining agreements, plan summaries, etc