GRS Foresight® Software
Sound decisions are made with GRS Foresight® Software
GRS Foresight® software is a comprehensive stress testing and solution-driven modeling tool for public sector retirement programs. This industry-leading software, created from our consultants’ vast experience, provides data and analysis you can rely on for decision making.
This solution considers how future stakeholders could be impacted by decisions made today.
GRS Foresight® software helps you determine a sustainable path for your retirement program by developing unbiased starting points and dependable forecasts.
Vastly different from the private sector, public sector retirement programs are unique, with great variety in benefit provisions and funding sources. The software is adaptable to meet specific needs, even down to terminology and output. We work closely with you to ensure GRS Foresight® software meets all of your needs.
By running experience scenarios and utilizing stress test modules, you can use the software to efficiently test various funding policies or strategies and different actuarial assumptions to predict their impact under the stressed scenarios.
Benefits and Features of GRS Foresight® Software
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Evaluates the sustainability of the retirement programs
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Accounts for alternative future realities
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Assesses various funding strategies
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Prepares budget forecasts
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Analyzes risk management strategies
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Provides insight into the impact of future realized rates of return and inflation
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Offers turnkey stochastic modeling
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Considers sensitivities of liabilities to future economic outcomes
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Uniquely designed for public sector systems
GRS Foresight® software helps determine a sustainable path for retirement programs by developing unbiased starting points and providing reliable forecasts (at least, as reliable as possible). The software will also efficiently test various policies or strategies with different assumptions to illustrate their impact.
By using up-to-date valuation data and current economic conditions and assumptions, GRS Foresight® software can look in-depth at the valuation results and model various scenarios for future outcomes.
GRS Foresight® software is adaptable to individual client requirements, even down to terminology and output. The underlying model is identical to the model used by GRS actuaries for funding policy and scenario testing.