Managing Pension cost is a challenge for every Administration. If you are the Chief of NYC Office of Actuary and ask to perform “Sensitivity Analyses for OPEB Eligibility Changes” to determine potential cost saving opportunities, you might recommend?

Increasing the vesting period by 1 year means that employees who quit or withdraw during that 1 additional year will not be OPEB eligible when they retire;

Decreasing the vesting period by 1 year

No change because vesting period has no impact on pension liability calculation

Lower the interest assumption

Answer rating: 100% (QA)

Answer OPEB OTHER POSTEMPLOYMENT BENEFITS are benefits other than pensions which US state and local government provide to their retired employees Even though pension liabilities seem to get all the me... View the full answer