Retiree Health Solutions (OPEB)

Transcript

1. Other Post-Employment Benefits Retiree Health Solutions
2. About Us INTRODUCTION Founded over 20 years ago, in 1998 With nearly 500 municipal entities served and over 300 of those in Massachusetts, our team brings decades of experience in both pension and OPEB consulting NEXT Efficient, personalized, & accessible service We have offices in Connecticut & Nevada - with clients in 37 states, Europe & Australia. And we work with various auditors across the U.S.
3. Parker Elmore - CEO, President & Actuary Francis Fraine - Actuarial Consultant Samantha Schneider - Actuarial Consultant Andrew Taggart - Consulting Actuary Luke Matchett - Actuarial Consultant Caleb White - Actuarial Analyst Stephanie Irvin - Digital Marketing Manager Kirby Prigoni - Marketing Analyst Kurtis Thompson - Consulting Actuary Odyssey Team INTRODUCTION NEXT
4. Of towns are now pre-funding as of 12-31-21, up from 87% on 12-31-20 92% Numbers WHAT WE DO We're big believers in the numbers. Knowing where you stand can help you make the best decisions for your future. Of towns greater than 20% funded are Odyssey clients 81% Number of OPEB valuations we delivered in 2021 327 NEXT
5. Total GASB Our comprehensive approach to the challenges of total, fully bundled management and administration of retiree welfare benefit plans 01 Regular Annual Services Annual actuarial valuation to determine the actuarially determined contribution ("ADC") under GASB 75, including a comprehensive written valuation report 02 Special Services Examples of Special Actuarial and Consulting Services available include, plan redesign, evaluation of funding alternatives, cost reduction strategies, cash flow projections of future benefits, and more. 03 We'll help you develop and implement solutions for your pension and OPEB liabilities and provide a comprehensive OPEB valuation. OPEB WHAT WE DO NEXT
6. Annual OPEB Trend Report Webinars Articles White Papers OPEB University RESOURCES All of your OPEB questions answered. We regularly publish educational articles, reports, white papers, and videos about employee benefits management, research, and industry insights. NEXT
7. Project Plan ACTIVATION Data Request & Gathering 01. Review data & assumptions 02. Process data & review results 03. Prepare OPEB valuation Reports 04. Provide auditor support 06. Review results with client 05. NEXT
8. Project Timeline ACTIVATION Data Intake Valuation Reporting & Support Weeks 1 - 2 Weeks 3 - 4 Weeks 5 - 6 Weeks 7+ Request for Data Data Processing Data Analysis Review results & prepare report Submit OPEB report to client & answer questions Auditor & ongoing support NEXT
9. Thank You www.odysseyadvisors.com pelmore@odysseyadvisors.com (860) 531-4951 Contact us to learn more Parker Elmore CEO, President & Actuary