What is the Alternative Measurement Method?
When GASB released Statement 45, they were concerned that there wouldnt be enough actuaries to do the work and that the cost of the work would put a strain on smaller government entities. Also, some of the actuarial assumptions that work for large groups break down for small ones. Simplifying those assumptions makes sense for small employers and provides results that may vary from those produced in a traditional valuation, but are just as trustworthy. Thus, GASB created a streamlined approach to GASB 45 known as the Alternative Measurement Method (AMM) to allow qualifying government employers with fewer than 100 plan members to comply with GASB 45 at a reasonable cost. Learn if your small public entity is eligible for the GASB 45 AMM and to use GASBhelp™.
