GASBhelp — your solution to GASB 75 compliance
With the streamlined approach, known as the GASB 75 Alternative Measurement Method (AMM), qualifying entities can comply with GASB 75 for a fraction of the cost of a traditional valuation. Learn if you’re eligible for the GASB 75 AMM and to use GASBhelp.
Milliman, Inc. is your source for GASB 75 Expertise
Click here to see what Milliman actuaries are doing to keep our clients compliant with ever changing regulations and here to see what impacts these regulations have on small goverment employers.
GASB 45 has changed to GASB 75
Interested in learning more about GASB 75 valuations and how we can help your company be compliant? For information about the new ruling, please refer to the GASB 75 Q&A.
Mortality and Trend Change
- Effective 11/11/2020, the mortality assumptions and default medical and pharmacy cost trends underlying the GASBhelp valuation engine have been updated to reflect current industry standards.
- The mortality assumptions are now based on the Society of Actuaries’ Pub-2010 Public Retirement Plans Mortality Tables, with mortality improvement projected for 10 years. The previous mortality basis was RP-2000 projected 18 years.
- The default medical and pharmacy trends are based on the Society of Actuaries’ Getzen long-run trend model. Users may override default trends during the data input process.
