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Key Benefit Concepts About Us, Services

Are there certain people in your work life where each call you make to them seems to go directly to voicemail, and then you’re stuck waiting for a call back?  This can be extremely frustrating, which is why there’s no need to worry about that with KBC.  During office hours, someone is routinely available to answer the phone.  Even if …

Going to a Conference? Look for KBC!

Key Benefit Concepts About Us, Conferences

The impact of COVID-19 led to the cancellation of most in-person conferences in 2020 and many so far in 2021.  Key Benefit Concepts (KBC) enjoys being affiliate members of many government employer associations.  We look forward to sponsoring, attending, speaking and most of all having a booth at conferences throughout the United States.  Why?  Because we get an opportunity to …

Determining Your Annual Implicit Rate Subsidy Amount

Key Benefit Concepts Actuarial, OPEB

Now that you have a bit more background on the concept of Implicit Rate Subsidy, how should this amount be determined annually related to your current retiree population?  Since the amount isn’t actually paid to retirees and rather an implicit cost, it can often be missed in the OPEB payments being reported on the financial statements. There are a few …

Implicit Rate Subsidy- Determining an Assumption

Key Benefit Concepts Actuarial, OPEB

Implicit Rate Subsidy – Determining an Assumption Since Implicit Rate Subsidy (IRS) from continued medical coverage is considered an OPEB that requires valuation (per GASB), only offering the the ability to self-pay to continue medical coverage in retirement would technically be considered an OPEB even though the individual is paying the full premiums required. In these cases, the only OPEB …

I Need a New Valuation- Where do I Begin?

Key Benefit Concepts Actuarial, OPEB, Services

If you are looking for a proposal for a post-employment valuation, you have come to the right place! When it comes time to obtain a post-employment valuation proposal, the process can sometimes become overwhelming. However, Key Benefit Concepts has a process that will help ease “the pain” of the process in 3 easy steps for current clients and 4 easy …