Protect your plan by taking these preventative steps.Lawsuits against retirement Plan Sponsors of large colleges and universities continue to make headlines in the news. Many of these institutions are among the most prominent and prestigious in the country. No entity is immune from a class action l…Continued
How Does Your Business Measure up?An attractive benefits program is vital for your recruiting and retention efforts, but it is also a significant expense. To ensure you are providing a package that is both competitive and economical, you need to know how your offerings compare to those of other emp…Continued
Importance of Claims AnalysisIn today’s business climate, managers need benefits solutions as resourceful and cutting-edge as the organizations they run. For many employers, pre-packaged full insurance health plans do not provide the greatest value to their organizations. Employers of all sizes are…Continued
Starting in FY2018, the GASB 45 accounting standard will be replaced with GASB 75, which focuses on balance sheet (unfunded liability) reporting for OPEB plans. Although GASB 75 mentions disclosure an Actuarially Determined Contribution (ADC) if one is computed, there is no guidance on how an ADC i…Continued
Bolton’s Chief Actuary, Tom Lowman, recently discussed how a new actuarial practice standard addressing pension risk affects his practice advising public pension plan sponsors during a February 28, 2018 webinar sponsored by the Conference of Consulting Actuaries. The 2017 release of Actuarial Stand…Continued
Many positions in the public sector require specialized skills and a substantial amount of training. Filling these positions can be challenging and significant resources can be lost from employee turnover.Public sector employers provide generous benefits, including traditional pension plans, to inc…Continued
