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THE TOTAL SOLUTION: You cannot afford to travel the winding road of GASB 43 and 45 without the advantage of an experienced navigator who understands all the curves. L&E's knowledge of GASB 43 and 45 empowers government employers of all sizes to make the best decisions. We will assist you with valuations and disclosures that fully comply with GASB 43 and 45. And our work does not stop there. We understand that the financial implications of the new standards run deep. L&E is your total solution for exploring the big issues, including plan design and long-term funding strategies.
EXPERIENCED: L&E has been providing actuarial guidance to retirement systems for over 30 years, and self-funded health programs since 1994. We have performed expense calculations for postretirement health benefits under FAS 106 since 1996. Since the release of the exposure drafts for GASB statements 43 and 45, we have done extensive research on the statements, and have developed proprietary software to not only calculate current GASB liabilities, but to also project them for 25 years or more. L&E's clients have included public and private corporations, partnerships and sole proprietors, municipalities, non-profit corporations, public employee retirement systems and insurance companies.
ACTUARIAL ADVANTAGE: L&E consultants provide high quality, low cost work products. One of our greatest strengths is our ability to communicate technical and complex concepts in a clear, concise manner. In addition to our actuarial expertise, our data processing capabilities are very strong. Throughout our 39-year history, our consulting services have included data processing and programming work.
LONG-TERM IMPACT MANAGEMENT: L&E consultants go beyond explicit actuarial calculations to help you with your most pressing concerns:
- Should advance funding be considered?
- How can expenses and/or unfunded liabilities be reduced?
- What will the expenses look like in the future?
- What plan design modifications will optimize expenses and retiree appreciation?
We are there to help you understand and manage the long-term impact by analyzing plan design alternatives and funding strategies.
COMPLEMENTARY SERVICES: L&E is a full-service actuarial consulting firm and offers many other services that government or municipal employers may need, including health benefit plan design, projecting and forecasting benefit plan costs, analysis of cost utilization data, and assistance with the Medicare Part D Retiree Drug Subsidy. Employers can rely on the complementary services L&E provides in a trusted and professional manner.
Sample GASB 45 Study Report and Statement of Qualifications available upon request.
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