Return to GASB Statements 43 and 45 Facts

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Who determines the GASB Liability

 
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Generally, the determination of these liabilities needs to be done by a qualified actuary (often more than one actuary).
 

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The plan sponsor is responsible for the assumptions used in the calculations.
 

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Small employers (less than 100 participants) may use an alternative “simplified” method to determine liabilities, but the method is not very simple.

 


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