Other Post-Employment Benefits

IAI has extensive experience in providing consulting and valuation services for post-employment benefits other than pensions. The most common of these benefits is post-retirement health care coverage, but also include post-retirement life insurance, long-term disability, and sabbatical leave programs. GAAP accounting typically requires periodic valuations of these benefits by a certified actuary, and auditors are becoming more vigilant to ensure that companies comply with the accounting standards that regulate this. These standards include:

	Financial Accounting Standards Board (FASB) Statements 106 and 132 for private sector employers
	Governmental Accounting Standards Board (GASB) Statements 43 and 45 for public sector employers
	Statement of Position (SOP) 92-6 for Voluntary Employees’ Beneficiary Associations (VEBAs)
	Statement of Statutory Accounting Principles (SSAP) 14 for insurance providers

We can also help you design a new program, or re-design an existing program, to fit your company’s human resource and financial goals.