What other issues are related to the GASB 45 actuarial valuations?
There are a variety of issues that go hand-in-hand with the actuarial valuation, including: • Forecasting future OPEB benefit payments, liabilities, and expenses • Employee and retiree communications regarding OPEB • Medicare Part D integration with GASB requirements • Cost-reduction strategies, which can include plan design, eligibility, participant cost sharing, Medicare Part D optimization, vendor selection, and other strategies • Funding options • Legal implications
