Nyhart developed the Alternate Method Actuarial Calculator to help public agencies
meet their financial reporting requirements under GASB 45. It was our goal to make
the GASB 45 process as quick and painless as possible. The process to use the calculator
is relatively easy:
- 1. Prepare the census information to be uploaded
- 2. Enter your contact information
- 3. Enter descriptions for the employee groups included in the data
- 4. Enter your premium and retiree contribution schedules
- 5. Enter the retirement eligibilities for retiree health coverage
- 6. Enter your accounting period and other accounting information
The Alternate Method Actuarial Calculator will only handle retiree medical benefits
calculations (subsidized or unsubsidized). If you offer dental and vision benefits
to the retirees but they pay the full cost of coverage you can also use this Calculator.
If you offer subsidized dental and vision benefits to retirees please contact us.
The calculator will produce a disclosure report that is reviewed by a credentialed
actuary. It will then be released and a conference call scheduled to review the
results with you.
The user fee for the calculator is $1,200 and must be approved by you prior to releasing
the final report.
Your first step will be to download the Submission
Sheet File (.xls). It contains data instructions and a sample completed
data file. You may also want to download the
Complete Submission Instructions (.pdf) document. It contains step-by-step
instructions with illustrations and examples to make the process easy for you.