Our actuarial consulting department assists our clients with their actuarial needs, including the evaluation of the funded status of defined benefit pension plans on an ongoing basis, termination basis and/or on a GAAP basis, which includes an analysis of projected future cost. Our actuaries also will determine the impact of the new mandated Pension Protection Act funding rules on future plan costs and recommend changes to defined benefit plans to control those costs.
All public sector employers are required to value post-retirement health benefits and other non-pension benefits. Our actuaries have extensive experience in assisting public sector employers, including cities, towns, villages and school districts in complying with these GASB #45 rules.
The firm's actuaries prepare valuations in matrimonial matters that include (1) computing the present value of the respective spouse's pension benefits; (2) the tracking of defined contribution plan accounts from the date of marriage to the marital action date or the date of divorce or the current date; (3) providing assistance in interpreting the retirement plan benefits earned by the respective spouses; and (4) preparation of present value schedules.
Private sector employers are required to value post-retirement health benefits and other non-pension benefits. Our firm's actuaries have performed countless calculations for private sector employers who offer these benefits.