Industry Expertise
Pension and Benefits Analysis

State and local governments across the country face a seemingly intractable problem: high and rising obligations due to pension and retiree health care benefits. AEG performs actuarial analysis, customized to the benefits and funding requirements of any pension fund, to estimate the current trajectory of possible outcomes, and how proposed reforms will affect retirees, active members, future employees, and taxpayers. AEG analyses go beyond a typical actuarial valuation and answer questions like, What will happen if our investment returns are low? How will a rash of early retirements change our outlook? What’s the best way to structure this buyout?

Project Spotlight

Downstate Police and Fire Pension Funds in Illinois

Illinois Public Pension Fund Association, August 2015

Estimated the impact of various factors on funding levels for hundreds of police and fire pension funds in downstate Illinois. Analyzed past and projected future performance under different employer funding requirements. Benchmarked the performance of fund investments by comparing investment returns across a sample of municipalities over the last 25 years to a benchmark index.

Fiscal Impact of Proposed Pension Reforms for Michigan Teachers

Macomb Intermediate School District, June 2017

Reviewed bills related to significant reforms to statewide pension plan for teachers, and summarized complex changes in straightforward language. Performed actuarial analysis using custom models that provided estimates of future unfunded liability and employer contributions. Provided extensive information regarding how these reforms would affect financial reporting under GASB regulations.