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GASB 45?


Lori H
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Who generally prepares them (CPA?, TPA?, Actuary?) and how expensive/inexpensive are they?

An actuary would need to prepare a report for you. Ours was about $15,000 (5000 active employees and 3200 retirees.)

Jim

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The actuary may provide a report every two years. The report will explain the size of the liability the value of the assests and the Annual required contribution(ARC). This material must be reflected on the required supplemental information (RSI). The actuary's report does not set up a plan or address what should be done to address any underfunding.

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