Employee Benefits

Health and pension benefits are crucial employee benefits to winning and keeping talent in a tight hiring market.  We support employers in their management of these valued components of their compensation strategy.  We support auditors in their important oversight role for the reported benefit costs and liabilities.

• Actuarial valuations of pension and Other Postemployment Benefit (OPEB) plans  (i.e., retiree medical and retiree life insurance plans)
• Experience studies to review and provide supporting rationale for demographic, economic, and healthcare assumptions
• Benefit design and strategy
• Funding and cost sharing strategies
• Measurement of impact of change on benefit plan costs and benefit value (e.g., change due to plan design, legislative updates, updates to accounting or funding standards, workforce changes, etc.)
• Multi-year forecasting and budget planning
• Annual renewals, pricing, and reserving (incurred but not reported claim liabilities, or IBNRs)
• Audit support providing independent review of actuarial experience studies
• Audit support or independent review and replication of actuarial valuations, IBNRs, and other actuarial pricings