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The Actuarial Valuation Process <br />Actuarial Valuation <br />Input Items <br />Participant Data/ Assets/Claim Cost OPEB Provisions <br />Census Information Information <br />Annual Required <br />Contribution (ARC) <br />Actuarial Accrued <br />Liability and <br />Normal Cost <br />Actuarial Assumptions, <br />Actuarial Cost Methods, <br />and Actuarial Asset <br />Methods <br />Net OPEB Obligation <br />Results <br />Actuarial Assumptions <br />The actuary and client jointly select a proposed set of actuarial assumptions to <br />be used in the valuation. Hildi Inc. discusses the proposed assumptions with our <br />clients at an early stage in the project; not all actuaries will do this. While the <br />actuary must have the final say as to the reasonableness of any assumption, we <br />welcome the client's input in the selection process, and it's important to <br />remember that the earlier a client questions an assumption, the less work it is for <br />the actuary to make the required changes to the valuation. <br />Hildi Incorporated <br />