"Certification of Opeb Actuarial Information" - California

Certification of Opeb Actuarial Information is a legal document that was released by the California Public Employees' Retirement System - a government authority operating within California.

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  • Released on April 3, 2018;
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CERTIFICATION OF OPEB ACTUARIAL
INFORMATION
As Actuary of the plan, I certify that the Other Post-Employment Benefits (OPEB)
actuarial valuation upon which the enclosed summary of actuarial information is based
meets the following criteria:
• The valuation has been prepared and signed by a Fellow or Associate of the
Society of Actuaries, or an Enrolled Actuary of the Joint Board for the
Enrollment of Actuaries, and a Member of the American Academy of
1
Actuaries.
• The valuation has been prepared in accordance with the Actuarial Standards of
Practice.
• If the valuation is an accounting valuation, then it has been prepared in accordance
with the requirements set forth in Governmental Accounting Standards Board
(GASB) Statements related to OPEB reporting.
• If employer assets to pre-fund other post-employment benefits are invested in an
irrevocable OPEB trust other than the CERBT, the liabilities associated with
those assets are not included in the summary of actuarial information.
I further certify that the discount rate is consistent with the anticipated level of funding
pursuant to the relevant sections in GASB and ASOP, and the employer’s certification.
Name of Employer
Valuation Date
Printed Name of Actuary and Designation
Signature
Date
1
In cases where the actuary performing the work does not meet these criteria, the valuation may be
acceptable if the person has equivalent qualifications that are acceptable to the CalPERS Board. Please
provide the qualifications of the actuary performing the valuation.
Rev 04/03/2018
CERTIFICATION OF OPEB ACTUARIAL
INFORMATION
As Actuary of the plan, I certify that the Other Post-Employment Benefits (OPEB)
actuarial valuation upon which the enclosed summary of actuarial information is based
meets the following criteria:
• The valuation has been prepared and signed by a Fellow or Associate of the
Society of Actuaries, or an Enrolled Actuary of the Joint Board for the
Enrollment of Actuaries, and a Member of the American Academy of
1
Actuaries.
• The valuation has been prepared in accordance with the Actuarial Standards of
Practice.
• If the valuation is an accounting valuation, then it has been prepared in accordance
with the requirements set forth in Governmental Accounting Standards Board
(GASB) Statements related to OPEB reporting.
• If employer assets to pre-fund other post-employment benefits are invested in an
irrevocable OPEB trust other than the CERBT, the liabilities associated with
those assets are not included in the summary of actuarial information.
I further certify that the discount rate is consistent with the anticipated level of funding
pursuant to the relevant sections in GASB and ASOP, and the employer’s certification.
Name of Employer
Valuation Date
Printed Name of Actuary and Designation
Signature
Date
1
In cases where the actuary performing the work does not meet these criteria, the valuation may be
acceptable if the person has equivalent qualifications that are acceptable to the CalPERS Board. Please
provide the qualifications of the actuary performing the valuation.
Rev 04/03/2018