Pension FAQ
- 1 Does the software replace Actuarial Valuations or the need for a Plan Actuary?
- 2 Does GovInvest offer consulting services?
- 3 Are there use-cases for how clients have used GovInvest products/services?
- 4 Can I export and share results from the software?
- 5 Can the software model the impact of future investment experience?
- 6 Still Have Questions?
Does the software replace Actuarial Valuations or the need for a Plan Actuary?
The software is a supplement to the Actuarial Valuation and is not meant to replace the Plan Actuary. In fact, with the permission of the client, we work with the Actuary to ensure the software’s projections are accurately reflecting the assumptions used in the most recent Actuarial Valuation.
Does GovInvest offer consulting services?
Yes, GovInvest has consultants with decades of experience across the public sector. Our clients often have limited time to tackle everything on their plate, to which our consultants are happy to offer expert solutions. Examples of consulting services include peer comparisons, stress testing, analyzing impact of benefit changes, review of actuarial assumptions and methodology, and other ad-hoc projects.
Are there use-cases for how clients have used GovInvest products/services?
Yes! See the https://www.govinvest.com/pension-and-opeb page for success stories from our clients and how they’ve implemented our solutions. You can also click “Use Cases” at the top of the page to see more.
Can I export and share results from the software?
Yes! Users can download, save, and export their results to other stakeholders. There are many customization options to highlight different elements of the data and results as well. Customizations can be saved as “scenarios” which can then be shared via weblink to other users. Clients also use screen-grabs of their results for various purposes like labor negotiations, board presentations, and more!
Can the software model the impact of future investment experience?
Yes, and much more! Our model is designed for clients to test the impact of various types of experience and changes to the assumptions used in a retirement plan. We strive to empower our clients with the tools they need to analyze the effect of policy changes and plan experience on their funds and costs. Schedule a demo with us to learn more!
Still Have Questions?
Contact support: Support@govinvest.com
Submit a ticket: Support | GovInvest - Empowering Public Sector Efficiency