|
Expertise > Specialist
Services > FAS 106 Valuations
FAS 106 Valuations
The Accounting Standard that required employers to recognize their liabilities for the benefits of retirees is now more than a decade old. In that time, firms have recognized billions of dollars in liabilities, made significant plan changes and/or terminated benefits, and explored multiple funding options. Basic FAS 106 calculations are now fairly routine in the industry.
Management of Retiree Medical Plans is, however, far from routine:
- Retirees have seen their benefits extensively reduced;
- Active employees are now faced with significant personal liability for healthcare in retirement, often with little help from their employers;
- New funding options and other liability-management tools continue to be
developed;
- We believe that responsible employers will want to continue to assist retirees with health benefits, provided the cost is reasonable and the liability is
limited;
- Our practice is dedicated to helping employers and employees identify ways to do manage these significant corporate and personal liabilities.
What We Provide
- FAS 106 accounting calculations
- FAS 112 accounting calculations
- SOP 92-6 accounting calculations
- Retiree Medical Plan design options and consulting
Benefits of Using Our Services
- Client-oriented approach.
- Clear reports and analyses that are written in plain English.
- Fast turnaround times.
- Cost effective services.
- Advice from consultants with real-world experience managing operations, including managing programs for over 50,000 Medicare-eligible retirees.
Our Tools
Lotter AnnuitizerTM pension and life annuity calculation software is the indispensable tool for professional and personal financial planning.
Use Lotter AnnuitizerTM to calculate the present value of a future life or pension annuity. Alternatively, use Lotter
AnnuitizerTM to apply a lump sum to fund a periodic immediate or deferred payment.
Retiree Medical DecisionMakerTM software is an interactive tool that allows employers to estimate quickly the effect of certain proposed plan changes on cash costs and FAS 106 expenses and liabilities.
|
