An actuarial valuation is a mathematical analysis of the financial condition of a Pension Plan.
The purpose of an actuarial valuation is:
- To determine the amount of actuarially determined contributions.
- To measure the plans funding progress.
The valuation determines the financial position of your plan and future contribution rates needed to ensure its long-term funding. At Mondelis we can help determine how much money your Plan needs to pay pension benefits by making assumptions about future investment returns, future inflation rates, future increases in salaries, retirement ages, life expectancy and many other factors.
However, the information contained in actuarial reports is often complex and can be difficult to understand for those who are not accustomed to working with this kind of information. For this reason, simply providing a copy of the actuarial report to decision makers will not ensure that everyone has a full understanding of its short-term and long-term implications.
That’s where we come in.
Our experienced team can clearly communicate the contents of the actuarial valuation, and ensure you are familiar with the nuances of the actuarial report, as well as the current financial situation. Effective communication is especially important when changes to benefits are being considered.
We can also assist with:
- Funding, solvency and wind-up valuations
- Accounting valuations
- Asset transfer valuations
- Plan conversions
- Interim valuations to incorporate plan changes, union agreements
- And more!
At Mondelis, our actuaries can prepare an accurate actuarial valuation for your Pension Plan at least once every three years, and ensure that it is communicated in a clear and concise manner.
Contact us today to learn how an actuarial valuation can benefit your business.