Services › Public Pension Valuations
Independent actuarial valuations for state and local government defined benefit pension plans. GASB-compliant reporting, funding policy analysis, and experience studies for public employers across Arkansas, Texas, Louisiana, Tennessee, Kentucky, Alabama, Mississippi, Florida, Indiana, Oklahoma, Ohio, and West Virginia.
Public-sector defined benefit pension plans face a distinct set of actuarial, accounting, and governance challenges. Governmental Accounting Standards Board (GASB) standards — particularly GASB 67 and GASB 68 — require rigorous actuarial measurement of pension liabilities and detailed financial disclosures that affect both the pension plan's financial statements and each participating employer's balance sheet. Osborn, Carreiro & Associates has deep experience serving public pension plans of all sizes, from small municipal plans to large statewide systems.
As the largest independent actuarial consulting firm in Arkansas, we bring the full depth of credentialed actuarial expertise to public plan clients throughout the South, Midwest, and Southeast. Our actuaries hold the Fellow of the Society of Actuaries (FSA), Associate of the Society of Actuaries (ASA), Enrolled Actuary (EA), Fellow of the Conference of Consulting Actuaries (FCA), and Member of the American Academy of Actuaries (MAAA) designations. Jody Carreiro, our vice president, is a member of the Public Plans Committee of the Conference of Consulting Actuaries.
We serve public pension plan sponsors and trustees in Arkansas, Texas, Louisiana, Tennessee, Kentucky, Alabama, Mississippi, Florida, Indiana, Oklahoma, Ohio, and West Virginia. Our fee-for-service model means our actuarial opinions are always independent — we have no financial interest in your plan's investment decisions.
GASB Statement No. 67 governs financial reporting for defined benefit pension plans administered through trusts. Our actuaries prepare the total pension liability, net pension liability, and all required supporting schedules for inclusion in the pension plan's Comprehensive Annual Financial Report (CAFR). We calculate the discount rate under GASB 67's blended rate methodology, prepare the 10-year schedule of changes in net pension liability, and provide the sensitivity analysis disclosures required by the standard. We serve public pension plans in Arkansas, Texas, Louisiana, Tennessee, Kentucky, Alabama, Mississippi, Florida, Indiana, Oklahoma, Ohio, and West Virginia.
GASB Statement No. 68 requires participating employers to recognize their proportionate share of the net pension liability on their own financial statements. We prepare the employer allocation schedules, proportionate share calculations, and all note disclosure information that participating employers need to comply with GASB 68. For cost-sharing multiple-employer plans, we coordinate with plan administrators and auditors across multiple jurisdictions — including municipalities, school districts, counties, and special districts throughout our 12-state service territory.
Beyond GASB compliance, public pension plan trustees and sponsoring governments need to understand whether their plans are on a path to long-term sustainability. We provide contribution rate projections, open and closed amortization comparisons, and stress-testing scenarios that help boards and elected officials make informed funding decisions. Our experience studies — which analyze actual versus expected demographic and economic experience — ensure that actuarial assumptions remain appropriate and defensible.
We also assist public plan clients with benefit design studies, analyzing the actuarial cost of proposed plan amendments before they are adopted. For plans considering hybrid designs, benefit tier changes, or cost-of-living adjustment modifications, we provide the independent actuarial analysis that trustees and legislators need to evaluate the long-term fiscal impact.
We provide public pension valuation and GASB reporting services to governmental entities in the following states. Our team works directly with plan administrators, finance officers, and auditors to meet reporting deadlines.
AR
Arkansas
TX
Texas
LA
Louisiana
TN
Tennessee
KY
Kentucky
AL
Alabama
MS
Mississippi
FL
Florida
IN
Indiana
OK
Oklahoma
OH
Ohio
WV
West Virginia
Arkansas: Home to our Little Rock headquarters, Arkansas public plan clients include municipalities, counties, school districts, and special purpose entities throughout the state.
Texas & Oklahoma: The large and diverse governmental landscape in Texas and Oklahoma includes hundreds of independent pension systems for cities, counties, and special districts. We provide independent valuations for plans that need an alternative to the large national firms.
Louisiana, Mississippi & Alabama: Gulf Coast governmental entities rely on our team for timely GASB 67 and GASB 68 compliance work coordinated with their external auditors.
Tennessee, Kentucky, Indiana, Ohio & West Virginia: Mid-South and Midwest public employers — from small municipalities to county governments — benefit from our independent, fee-for-service actuarial approach.
Florida: Florida's large and growing governmental sector includes numerous independent pension plans for municipalities and special districts that require annual GASB-compliant actuarial valuations.
Our vice president serves on the Public Plans Committee of the Conference of Consulting Actuaries. Public pension work is a core practice area, not an afterthought.
We do not manage investments or accept commissions. Trustees and plan administrators receive unbiased actuarial opinions with no conflicts of interest.
You work directly with a credentialed actuary. We pride ourselves on being accessible and explaining complex actuarial concepts clearly to boards and elected officials.
Contact us to discuss your plan's actuarial and GASB reporting needs. We serve governmental entities in Arkansas, Texas, Louisiana, Tennessee, Kentucky, Alabama, Mississippi, Florida, Indiana, Oklahoma, Ohio, and West Virginia.