New GRS Perspectives: Recent Views on Public Pension Plan Funding
David Kausch, GRS’ Chief Actuary discusses recent views on public pension plan funding in the latest issue of GRS Perspectives. Download the publication: Public Pension Plan Funding, Many Organizations...
View ArticleGRS Responds to the GASB’s Requests for Comments
On August 29, 2014, Gabriel, Roeder, Smith & Company (GRS) provided comments to the Governmental Accounting Standards Board (GASB) regarding its Exposure Drafts (EDs) on: Accounting and Financial...
View ArticlePerspectives From the Chief Actuary: Good News! We’re Living Longer
In October 2014, the Retirement Plan Experience Committee (RPEC) of the Society of Actuaries (SOA) issued the RP-2014 mortality tables and MP-2014 mortality improvement scales. The new tables...
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Understanding the Impact of Negative Cash Flow on a Public Pension Plan
When assessing the impact of cash flow on a pension plan, it is important to remember that the purpose of pension plan assets is to pay benefits. Notably, a plan with negative cash flow is not...
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Managing the Rx Pipeline: Specialty Prescription Drugs Require Attention
In recent years, academic studies and news media have been filled with examples of annual double-digit percent increases in prescription drug spending. The driver for these projected and actual...
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Priest Retirement – Where Stepping Back Can Really Push You Forward
After working with Catholic dioceses for almost 40 years, I occasionally make comparisons to the retirement plans being offered by corporate America to those being offered by Catholic dioceses. My...
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