Actuarial Certification

[SheilaD]

We are a small company and have a single actuary. He may semi-retire soon and will still review and sign my actuarial work as I am not enrolled. However, I am trying to set up a contingency plan for when (hopefully for him) he wins the lottery and moves to the tropical island of his choice. I want to speak to other actuaries (with my current actuaries' blessing) about fees and processes so I have a succession plan in place as well as an idea of the costs. I've been doing Defined Benefit work for over 20 years now using Relius administration and my current actuary is available to discuss my proficiencies. I should be clear that I am not looking to farm out the Defined Benefit work nor to hire an actuary (we don't have enought DB work for the latter). What I am looking for is have an informal agreement with someone to review my work and certify the Schedule B's that I prepare at some time in the future.

I understand that we do not discuss pricing on this venue. I'm curious what other small firms do for their contingency planning and am inviting any actuary who might do this kind of work (is there a name for it?) to send me a private email. Hopefully that's OK.

Thank you.

opps I forgot sdott@northeastprofessional.com