Overview: Top industry actuaries explain how investment risk helps shape sound asset allocations that determine the investment return assumption – and not the other way around.
The virtual conference is being held October 11-14, 2021.
Jim Anderson and Mike Kosciuk will present the session Actuarial ABCs: Demystifyng Your Valuation at the Michigan Goverment Finance Officers Fall Training Institute.
Session Summary: Given that public pension plans face an extraordinary level of scrutiny, understanding the actuarial valuation is an invaluable tool. After this fun and interactive session, you will understand that the valuation is more than a book full of numbers and be able to leverage the knowledge you gain to help explain the key components of the actuarial valuation to key stakeholders.
Overview: A Funding Policy is a written document that sets the policies for determining how much the Plan Sponsor(s) should contribute to a pension plan and when. This session presents the primary elements of a Funding Policy, why it is important for a pension plan to have one, and the steps involved to create one.
Overview: Many pension plans were 100% funded in the late 1990s. Are we back there yet? What can we learn from the past and present to apply to lessening the volatility of future employer contributions? During this session, GRS consultants will explore the opportunities public employee retirements systems may have to stabilize future employer contributions as they reach 100% funding and experience investment gains.