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Story County Board of Supervisors Meeting Agenda 1/7/20 1. CALL TO ORDER: 10:00 A.M. 2. PLEDGE OF ALLEGIANCE: 3. ADOPTION OF AGENDA: 4. PUBLIC COMMENT #1: This comment period is for the public to
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How to fill out gasb 75 actuarial valuation

01
To fill out a GASB 75 actuarial valuation, follow these steps:
02
Gather all necessary information about your organization's retiree health benefits plans.
03
Determine the measurement date for the valuation. This is usually the end of the fiscal year.
04
Calculate the total projected benefit payments for each plan.
05
Determine the discount rate to be used in the valuation. This is usually based on the expected rate of return on investments.
06
Estimate the number of active and retired plan participants.
07
Determine the actuarial assumptions to be used, such as mortality rates and healthcare cost trends.
08
Perform actuarial calculations to determine the present value of projected benefit payments.
09
Prepare the actuarial valuation report, including all relevant data and calculations.
10
Review the report for accuracy and completeness.
11
Submit the completed actuarial valuation report to the appropriate authorities or stakeholders as required.

Who needs gasb 75 actuarial valuation?

01
GASB 75 actuarial valuation is typically needed by government or public sector organizations that provide retiree health benefits to their employees.
02
This includes state and local government agencies, school districts, and other public entities.
03
These organizations need the actuarial valuation to comply with accounting standards set by the Governmental Accounting Standards Board (GASB).
04
The valuation provides important financial information about the cost of these benefits and helps organizations make informed decisions about their funding and budgeting.
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Gasb 75 actuarial valuation is a report that calculates the present value of projected benefits for retirees.
Government entities and employers that offer post-employment benefits other than pensions are required to file gasb 75 actuarial valuation.
Gasb 75 actuarial valuation is filled out by collecting data on retirees, projecting future benefits, and calculating the present value of those benefits.
The purpose of gasb 75 actuarial valuation is to assess and report the financial obligations and liabilities related to post-employment benefits.
Gasb 75 actuarial valuation must report data on the number of retirees, projected benefit payments, and the present value of those benefits.
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