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GRS has provided retiree health valuations to governments for over twenty-five years. GRS will help your government more effectively navigate the challenges presented by the GASB 43 and 45 OPEB governmental accounting standards. Our expertise includes employee benefits consulting as well as the actuarial consulting needed to create an affordable, sustainable, and equitable plan for your government.
GRS health care actuaries and consultants analyze the OPEB benefits promised and help you understand their impact on costs. With an average of twenty years experience developing long-term actuarial projections, our actuaries and consultants are experts in analyzing eligibility requirements, pre-funding arrangements, costs, and actuarial assumptions. These projections are vital to managing the sustainability of the benefit promise.
If your government needs to explore health care program changes, GRS can provide plan design, financial and actuarial analysis, and vendor management services. Our expertise in these services can be invaluable in helping you manage OPEB liabilities.
GRS developed an OPEB valuation portal specifically for public sector benefit plans. Our OPEB portal provides a collaborative approach to preparing these valuations; providing results faster and with increased accuracy. Key features of the OPEB Portal include: