Post Retirement Health Insurance

When:  Oct 5, 2022 from 13:00 to 14:15 (ET)
Associated with  All-Member Community

Join us for the 75-minute zoom designed for cooperatives that provide post-retirement medical insurance benefits.  During this session, Jody Carreiro, ASA, MAAA, FCA  and Steve Osborn, FSA, ACAS, EA, MAAA, Actuary, from Osborn, Carreiro & Associates, Inc. will discuss the accounting principles generally accepted in the U. S. which require this liability to be estimated and accrued. Depending on the size of the entity, number of participating employees and the level of benefits provided, this accrual results in one of the largest liabilities, outside of long-term debt, on the balance sheet. In order to help cooperatives better understand how this liability is calculated, this session will provide an illustrative calculation and address the following questions:

  • What are the primary assumptions within the control of the Cooperative?
  • How do changes in these assumptions impact the liability? For example, what impact does the inflation rate and long-term interest rates have on the liability? Also, what is a reasonable interest rate and/or earnings rate that should be used in today‚Äôs environment?
  • How have other entities attempted to curtail these plans as a way to fix or limit the growth of the liability?
  • What are advantages and disadvantages of funding this liability?
Click here to register now >>

Location

Online Instructions:
Url: http://nsacoop.org/events/post-retirement-medical-insurance
Login: Attendees will receive login instructions upon registering.
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Contact

NSAC HQ
937-222-6707
info@nsacoop.org