ICMA-RC Announces New Service for Clients; Milliman, Inc. to Offer Actuarial Services for GASB 45 Reporting

WASHINGTON, June 11 /PRNewswire/ -- ICMA-RC announced today that Milliman, Inc. will offer ICMA-RC clients access to actuarial services for Governmental Accounting Standards Board (GASB) Statement 45 liability reporting.

GASB Statement 45 on Other Post-Employment Benefits (OPEB) requires government employers that offer a defined benefit health care plan for their retirees to calculate their liability for the promised benefits. Many public sector employers are in the process of selecting an actuarial firm to conduct this valuation study.

Milliman has over 60 years of experience performing hundreds of actuarial valuations on defined benefit plans for state and local governments. Founded inSeattle in 1947, Milliman has 32 offices in key locations across the country. Their staff includes more than 600 qualified actuaries that consult with the public sector.

About ICMA-RC

ICMA-RC is an independent not-for-profit corporation focused on providing retirement plans and related services for over 800,000 public employees in over 8,000 retirement plans. Consistent with its mission, ICMA-RC provides administrative, investment, education, and other retirement-related services exclusively to state and local government employees. For more information visit http://www.icmarc.org or contact Milly Stanges, Vice President of Public Affairs, at 202-682-5290.

SOURCE ICMA-RC

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ICMA-RC Announces New Service for Clients; Milliman, Inc. to Offer Actuarial Services for GASB 45 Reporting