Events​

Jeffrey Tebeau and Casey Ahlbrandt-Rains covered trending topics for public pension plans at the Michigan Association of Public Employee Retirement Systems (MAPERS) One-Day Seminar. During the session the presenters covered: Inflation and Capital Market Expectations; Lingering Effects of the Pandemic; Updates to Actuarial Standards of Practice (ASOP) 4; and Layered Amortization of the Unfunded Liability.

Key discussion items:

• Impact of inflation on both retiree purchasing power and development of actuarial assumptions
• How capital market expectations are used to develop the actuarial valuation’s investment rate assumption
• Review of post-pandemic scenarios for mortality assumptions
• Revised ASOP 4 requires the Low-Default-Risk Obligation Measure (LDROM) be disclosed in the funding valuation and comparison of LDROM and AAL (Actuarial Accrued Liability)
• Reducing contribution volatility using layered amortization and weighing its pros and cons.