We'll help you get to the numbers—then we'll deliver understanding, help you discover solutions, and develop an implementation plan.

Valuation

We will deliver the information required to comply with GASB 43 and GASB 45. We can show you what the costs and liabilities are today and how they are likely to change over a 10-year period. Using these projections, we will provide a range of outcomes based upon different expectations of future experience.

Plan design

After you’ve got a handle on the often-surprising liabilities and contributions associated with your post-retirement benefits, we can assist you in considering alternative plan designs. We can simultaneously model the impact of various designs, providing you with the necessary comparative information you need to make insightful decisions.

Funding strategies

In coordination with plan design, we can help you define your sources of funding, the optimum cost share of each source, and the initial funding policy of the plan. We also can assist by analyzing debt issuance as a financing strategy and in selecting and implementing the most appropriate funding vehicle.

Implementation and communication

The implementation and communication strategy is the most critical part of any major change to a plan because it can smooth the effect of change. We can help you in defining a communication strategy early on and evaluating its effectiveness as the process proceeds.

Milliman consultants are the most innovative in the industry. We are prepared to go beyond the numbers. We will help you understand the implications of GASB 43 / GASB 45 by providing analysis of plan design alternatives and funding strategies. Let us assist you at each step along the way to implementing your GASB 43 and GASB 45 solutions.