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:
Mr. Charles J. Zahradka
WTW
Ms. Jennifer G. Bain
Deloitte Consulting LLP
Rebecca Trauger
Bolton Partners, Inc.