Our Service
The actuarial valuation process begins with an in-depth analysis of your benefit plans. We help your organization identify those covered by your retiree benefit plans, and the costs associated with these benefits. With our comprehensive reporting, you learn exactly what the monetary value is of the benefits you provide to your employees.
Reporting Questions:
• To Fund or Not to Fund The Obligations?
• How Can The Costs of The Post-Employment Benefits Be Controlled?
• Given Health Care Trends, What Will The Cost of Providing These Benefits Look Like in Future Years?
• What Plan Designs Can Be Used to Provide Competitive Benefits to Employees & Affordability to The Entity?
• How to Report The Cost of These Benefits in The Financial Statements?
Experience Counts:
With a perfect blend of actuarial, governmental, labor management and accounting experience, we understand healthcare, and can provide creative solutions to many of the challenges faced by your organization.
Qualifications:
• Post-Retirement Benefit Valuation Expertise
• Independent of Conflicting Interests
• Cutting-Edge Actuarial Tools
• Quality Assurance Process
• Accessible and Responsive Service Team
The Process:
• Identify OPEB obligations.
• Obtain an in-depth understanding of your organization's contractual or implied obligations to retirees.
• Demographic data & trend analysis.
• Analyze your demographic information for active and retired employees including covered dependents.
• Claim analysis.
• Analyze past claim payment history for specific self-insured plans, and use acceptable actuarial methods to develop trend models for your organization.
• Actuarial assumptions selection.
• Educate you on the impact of key actuarial assumptions such as interest rates, funding, healthcare inflation rates, retirement rates, and turnover rates.
• Actuarial cost methods.