ICMA-RC Announces New Actuarial Service for Clients

June 11, 2008

ICMA-RC announced today that Milliman, Inc. will offer ICMA-RC clients access to actuarial services for Governmental Accounting Standards Board (GASB) Statement 45 liability reporting.

GASB Statement 45 on Other Post-Employment Benefits (OPEB) requires government employers that offer a defined benefit health care plan for their retirees to calculate their liability for the promised benefits. Many public sector employers are in the process of selecting an actuarial firm to conduct this valuation study.

Milliman has over 60 years of experience performing hundreds of actuarial valuations on defined benefit plans for state and local governments. Founded in Seattle in 1947, Milliman has 32 offices in key locations across the country. Their staff includes more than 600 qualified actuaries that consult with the public sector.