October 2024
IN THIS ISSUE • Required Minimum Distributions After the SECURE Act and SECURE 2.0 • SECURE 2.0: What Should Defined Benefit Plans Be Doing Now? • Tri-Agencies Finalize Sweeping Changes
Your Benefits
Our Advice
Everyone’s Success
A Secure, Sustainable Future
GRS is a national actuarial and benefits consulting firm and an experienced advisor to the public sector community. We work alongside you to achieve the best outcomes for your benefits plans.
Expertise You Can Count On
Trusted by over 1000 public sector clients, we help develop fiscally sustainable benefit programs that create financial security. Our reputation for providing independent advice, understandable and actionable insights, and intuitive tools to inform decisions has remained unmatched for more than 80 years. As an extension of your team, we’ll lead the way to customized solutions for your most complex benefit matters.
PENSION
We offer solutions that are sensitive to the needs of all stakeholders and are sustainable under various fiscal and economic environments.
OPEB
Hundreds of OPEB clients have retained us for our decades of public sector and retiree health care experience.
DB PLAN ADMINISTRATION
With GRS as your DB plan administration partner, your retired and retiring plan participants are well served.
A More Powerful Modeling Tool Needs Foresight.
GRS Foresight® is a comprehensive stress testing and solution-driven modeling tool for public sector retirement programs. This industry-leading tool, created from our consultants’ vast experience, provides data and analysis you can rely on for decision making.
By the Numbers
ACTUARIAL CLIENTS
0
+
PLAN PARTICIPANTS SUPPORTED
0
M
COMBINED CLIENT ASSETS
$
0
B
INSIGHTS
PERSPECTIVES
Interest Rates Have Risen from Historic Lows. Does That Mean We Can Raise Our Assumed Rate of Return?
In this article, we discuss increases in interest rates from historic lows, potential impacts on PERS’ portfolio expectations, and policy issues surrounding changing the assumed rate of return. This article