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To:Administration & Finance Committeeman: 06/28/2024From:Amber Johnson, Chief Financial OfficerReviewed by:SUBJECT: OPEN Actuarial Valuation and GAS 75 Report for Fiscal Year Ending June 30, 2024,
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How to fill out opeb actuarial valuation and

How to fill out opeb actuarial valuation and
01
Gather information on the health care plan details including number of participants, benefits offered, and funding sources.
02
Collect data on historical claims experience and trends in health care costs.
03
Engage an actuarial firm to perform the valuation, ensuring they have experience in OPEB valuations and are familiar with relevant accounting standards.
04
Provide the actuarial firm with all necessary data for them to perform their analysis.
05
Review the actuarial report for accuracy and reasonableness before finalizing and disclosing the valuation results.
Who needs opeb actuarial valuation and?
01
Employers who offer post-employment benefits such as retiree health care plans.
02
Government entities subject to GASB accounting standards.
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What is opeb actuarial valuation and?
OPEB actuarial valuation is the calculation of the present value of future benefits provided to employees other than pensions.
Who is required to file opeb actuarial valuation and?
Employers who provide other post-employment benefits (OPEB) to their employees are required to file OPEB actuarial valuation.
How to fill out opeb actuarial valuation and?
OPEB actuarial valuation is typically filled out by actuaries who specialize in calculating the present value of future benefits.
What is the purpose of opeb actuarial valuation and?
The purpose of OPEB actuarial valuation is to determine the funding needed to cover future benefits for employees.
What information must be reported on opeb actuarial valuation and?
Information such as employee demographics, benefit plan details, and financial assumptions must be reported on OPEB actuarial valuation.
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