Cheiron offers a range of pension actuarial consulting services, from supplemental services that augment the work of your current actuary to a comprehensive suite of services which we provide as your fund’s main actuary. At the heart of these services is our proprietary P-scan product for pension funds/programs.
Our standard format presents a four-section report on the following topics: The Trustee/Executive Summary; Fund Assets, Liabilities, and Costs; Accounting Information; and Supporting Appendices. Our annual actuarial valuation reports can be customized to meet the needs and preferences of the fund/program.
If applicable, we work and coordinate carefully with the plan administrator and accountant to understand our explicit role here, and filing deadlines. We complete Form 5500 Schedule MB/SB and the PBGC premium filings (if applicable) within your deadlines. For private sector plans, we provide a FAS87/132 report. For public sector plans, we assist if needed on your annual reports (CAFRs) that annually provide information on your plan, including the actuarial information.
The calculation of the plan’s annual required or recommended funding contribution is part of the actuarial valuation process, described above. It is a standard part of P-scan.
If requested, we can assist both in calculating the cost of a specific change and also in the design and exploration of various benefit change options. P-scan can be custom-tailored for sensitivity testing. P-scan provides a solid foundation for both base results and the communication of those results.
This service will almost always be performed under the direction of fund counsel. We have experience in this area, successfully coordinating our services with that of fund counsel.
This includes items like data collection, impact of law changes, and other typical issues trust funds face.
Our attendance at meetings greatly enhances our ability to provide the fund/program the best possible service.
Cheiron offers an impressive list of supplemental pension actuarial consulting services. For example, we can perform:
In addition to these we provide a specialized and unique service, our P-scan product, as a stand alone service supplemental to your current actuarial services.