All About ASOPs

GFOA recommends that public pension plans use an Actuarially Determined Contribution (ADC) to determine how much governments will contribute to the plan, and Actuarial Standards of Practice (ASOPs) can have a significant influence on valuing the underlying liabilities, determining specific contributions, and assessing key risk factors. This session will provide an explanation of recent changes in ASOPs--including the how and why behind the standards--and provide guidance on how pension plan administrators can effectively implement and maximize the value of ASOP-recommended activities.