As we interpret GASB Statements 43 and 45, an actuarial valuation will be required every second or third year. For interim reporting, the following options are available:
- Prepare an estimate using the prior-year valuation detail without adjustment, or modify using information estimation procedures
- Prepare a roll-forward valuation for the interim year based on the most recent valuation data, claim detail and assumptions and “roll forward” using standard actuarial procedures
- Prepare an actuarial valuation based on updated member data, claim detail and assumptions
For questions regarding our interim reporting services or to request a proposal, please contact us at gasbassist@ssgi.com or 877.217.5539.
