
Who
determines the GASB Liability
|
Generally,
the determination of these liabilities needs to be done by a qualified
actuary (often more than one actuary). | |
|
The plan
sponsor is responsible for the assumptions used in the calculations. | |
|
Small
employers (less than 100 participants) may use an alternative
“simplified” method to determine liabilities, but the method is not very
simple. |