What information must an employer provide to the actuary for employees and retirees?
Data elements needed by actuarial firms to begin an actuarial valuation generally include: • Employee name or identification number • Gender • Date of birth • Date of hire • Employee salary • Bargaining unit • Retirement date • Employment status: active or retired • Spousal and dependent information • Contribution to the cost of the premium • Type of benefit plan: individual or family with specific information on each plan The New York State Health Insurance Program (NYSHIP) may be able to provide some data elements listed above to local governments who are members of NYSHIP. For more information, contact the Public Employer Liaison Unit of the New York State Department of Civil Service at (518) 485-1771. In addition, some of this information may have already been gathered and submitted for purposes of Medicare Part D. Check with your personnel officer.
• Employee name or identification number • Gender • Date of birth • Date of hire • Employee salary • Bargaining unit • Retirement date • Employment status: active or retired • Spousal and dependent information • Contribution to the cost of the premium • Type of benefit plan: individual or family with specific information on each plan The New York State Health Insurance Program (NYSHIP) may be able to provide some data elements listed above to local governments who are members of NYSHIP. For more information, contact the Public Employer Liaison Unit of the New York State Department of Civil Service at (518) 485-1771. In addition, some of this information may have already been gathered and submitted for purposes of Medicare Part D. Check with your personnel officer.
