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The Retiree Health Analyst (RHA) performs dynamic
financial analysis of post retirement health care systems. It is used as a
financial planning tool and to evaluate policy alternatives. The following
policies are highlighted: 1) contributions; 2) asset allocation; 3) accounting
and 4) plan design. The accounting module follows FAS 106 methodology.
The software produces deterministic and stochastic projections of the financial
status of the plan for as many as twenty years into the future and for a wide
range of assumptions about demographic, human resource and economic events. The
most recent year for which an actuarial valuation has been performed is the base
year for projections. Projections of demographics, assets, liabilities,
contributions, expense, funding ratios and other variables of interest are
produced.
In the
deterministic mode, one projection at a time is produced corresponding to one
particular set of projection assumptions for each forecast year. In the
stochastic mode, multiple projections are produced simultaneously. Each
projection corresponds to a particular asset allocation and possible future
economic scenario.
In the stochastic mode, inflation rates, interest rates and rates of return for
a wide range of asset classes are projected using a Monte Carlo simulation
model. A full covariance model is employed and projections can be made for as
many as ten asset allocations simultaneously. Actuarial assumptions such as
discount rates, general pay increases and expected rates of return can be linked
dynamically year-by-year to the simulated inflation and interest rates.
Features
Consistent graphic user interface provides ease of
use
Exchange data with your favorite Windows applications
Graphs and data can be printed, saved and exported to other programs
Capability to modify default reports and graphs
Designed so that extensive actuarial knowledge is not necessary
Supported Platforms
Windows 95/NT
Windows ME
Windows 2000
Windows XP
Training and Support
In-house training
Continuous assistance with reviews of setups and results
Customization of software available
Product updates provided electronically
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