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Featured GRS Resources

GRS News Scan: February 2023

Tuesday, February 28, 2023

This issue includes the following news summaries:

  • NASRA Updates Issue Brief on State and Local Government Spending on Public Employee Retirement Systems
  • CRS Updates Report on Social Security's Windfall Elimination Provision (WEP) and Government Pension Offset (GPO)
  • American Academy of Actuaries Public Plans Committee Releases Practice Note on Fixed Rate Pension Funding
  • NCPERS Releases 2022 Public Retirement Systems Study
  • MissionSquare Publishes Report on Public Service Workforce Financial Wellbeing

GRS Perspectives: Important ASOP No. 4 Changes Affecting Public Plan Actuarial Valuations

Thursday, February 23, 2023

The Actuarial Standards Board (ASB) adopted a revision to Actuarial Standard of Practice (ASOP) No. 4, Measuring Pension Obligations and Determining Pension Plan Costs or Contributions. The revised ASOP will be applicable to actuarial valuations performed beginning in the spring of 2023.

This article highlights some of the revisions to ASOP No. 4 and its implications for public pension plans.

GRS News Scan: January 2023

Tuesday, January 31, 2023

This issue includes the following news summaries:

  • EBRI Finds Most Valued Employee Benefits are Based on Workers' Ages
  • MissionSquare Conducts Survey of New Career Entrants to Public Service
  • NIRS Releases Pensionomics 2023 Report
  • SECURE 2.0 Retirement Reform Becomes Law
  • MissionSquare Releases Report on Public Sector Workforce Trends in 2023

GRS Insight Newsletter: January 2023

Thursday, January 26, 2023

In this issue:

  • Pension Plans Legislative Update
  • Establishment of 403(b) Plan Determination Letter Program
  • Social Security Fairness Act Update
  • Health Legislative Update
  • Extension and Good Faith Relief for Prescription Drug Reporting
  • Final Regulations on the Premium Tax Credit "Family Glitch"

GRS News Scan: December 2022

Thursday, December 22, 2022

This issue includes the following news summaries:

  • NASRA/NCTR Release Alert on SECURE 2.0 Expected to Pass with Year-End Spending Bill
  • CBO Releases 2022 Long-Term Social Security Projections
  • CMS Office of the Actuary Releases 2021 National Health Expenditures Report
  • CRS Reports on Potential Impacts of Proposed Policy Changes in Social Security Computation Years
  • NASRA Updates Brief on State and Local Government Contributions to Statewide Pension Plans for Fiscal Year 2021
  • CRR Releases Brief on the Effect of Cost-of-Living on Retirement

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Public Sector Benchmark Powered by GRS TrendLine™:

GRS TrendLine™ provides public employee retirement systems with a variety of statistical information related to assumptions, benefit design, and funding.