503 - OPEB Considerations for Pension Actuaries

In this session, we’ll go through what pension actuaries should be thinking about when performing OPEB valuations. We’ll start with some basics on setting the short-term assumptions, including calculating the implicit subsidy and accounting for Rx rebates and EGWPs. Then we’ll go through trend considerations, including for Medicare Advantage plans with low or even zero premiums as well as the Inflation Reduction Act. Lastly, we’ll go through what considerations need to be made for newer cash-based plan designs such as retiree reimbursement accounts (HRAs).

Speakers:

Adam J. Reese

PRM Consulting Group

Mr. Charles J Zahradka

WTW

Ms. Jennifer G. Bain

Deloitte & Touche LLP

Rebecca Trauger

Bolton Partners, Inc.

Steven D. Draper

Ernst & Young

Credits:

CPD Credit: 2.00 EA Core Credit: EA Ethics Credit: EA Non-Core Credit: 1.00 EA Formal Credit: 1.00