Capability Statement

OPEB actuarial consulting services

J. Richard Hogue is a retiree healthcare actuary and a Fellow of the Society of Actuaries (FSA) and member of the American Academy of Actuaries (MAAA). He is the sole principal of Hogue & Associates which provides cost-efficient OPEB actuarial services to public, nonprofit and private sector employers across the United States. As an retiree healthcare actuary, we aim to help employers minimize their OPEB liability while maximizing their retirees’ benefits. Our GASB consulting services are designed for reporting accrued retiree healthcare liabilities in compliance with Statement No. 75 of the Government Accounting Standards Board.

CORE COMPETENCIES

We provide government agencies with actuarial analysis of their financial liability in compliance with GASB Statement No. 75/74. The type of services we provide includes:

  • Actuarial valuation and disclosures reports related to GASB 74 and 75 implementation
  • OPEB plan design consulting
  • Plan experience analysis
  • Consulting on any technical issue related to GASB 75 including pre-funding future OPEB liabilities and/or strategically reducing future OPEB commitments without negatively impacting employee benefits.

HOW WE DIFFER

Hogue and Associates is highly experienced in the retiree healthcare field and uniquely focused 100% on small OPEB plans.

  • In 1989, Dick Hogue established his consulting firm to provide cost efficient retiree healthcare related actuarial services to private sector employers.
  • When GASB 45 was established fifteen years later Hogue and Associates began specializing in providing rural counties, towns, school districts, public universities and other public agencies with actuarial consulting services.
  • In the past 30+ years Hogue and Associates has prepared “Other Postemployment Benefit” actuarial studies and valuations for hundreds of public and private sector employers throughout the United States.

100% of our work is actuarial consulting on small OPEB plans (i.e. financial reporting under GASB 75 and FASB ASC 715-60)

PAST PERFORMANCE

For 30 years our firm has provided OPEB consulting services to governmental agencies (GASB 75, previously GASB 45) and nonprofit / not for profit organizations (FASB ASC 715-60, previously FAS 106) throughout the United States. Below is a sample of the types of organizations we’ve worked with. over the years. Client references available upon request.

Government agenciesNon profit / not for profit
Public school districtsReligious organizations
Colorado, Louisiana, Oregon, Wisconsin, WyomingDioceses of the Catholic Church Baptist Convention Affiliate
Christian Fellowship Organization
Public universitiesPrivate universities and clubs
California State University,
multiple campuses		California, New York
City and county governmentsLabor Unions
California, Wisconsin
Wyoming		International Brotherhood of Electrical Workers Union (IBEW)
Public Utility DistrictsElectrical Cooperatives
OregonOhio, Wyoming
Fire Protection DistrictsCommunity services agencies
LouisianaCalifornia, Maryland, Tennessee
Housing and Port AuthoritiesProfessional Associations
California, MassachusettsHuman Resources, Aviation, Bowling

COMPANY INFORMATION

Owner: J. Richard Hogue
Established: 1989
Designations:
Fellow of the Society of Actuaries
Member of the American Academy of Actuaries

CONTACT INFORMATION

Hogue and Associates
Los Angeles, CA
818-366-9686
contact@hoguejr.com
http://www.hoguejr.com

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GovernmentNonprofit /
Not for profit		Private
School districtsReligious organizationsProduct manufacturers
California, Colorado, Louisiana, Montana, Oregon, Wisconsin, WyomingDioceses of the Catholic Church
Baptist Convention Affiliate
Christian Fellowship Organization		California, Colorado, Kentucky, Indiana, Missouri, New Jersey, North Carolina, Ohio, Pennsylvania, Wisconsin, Washington
UniversitiesPrivate schools and clubsService providers
California State University,
multiple campuses		California, New York, Pennsylvania, OhioMississippi
Cities / CountiesLabor UnionsNatural resource management
California, Minnesota, Wisconsin, WyomingInternational Brotherhood of Electrical Workers Union (IBEW)
National Electrical Contractors Association (NECA)
United Firefighters of Los Angeles City		Wisconsin
Public Utility DistrictsElectric CooperativesFinancial institutions
Oregon, UtahKentucky, WyomingPennsylvania
Fire Protection DistrictsCommunity services agencies
LouisianaCalifornia, Maryland, New York, Tennessee
Housing and Port AuthoritiesProfessional Associations
California, MassachusettsHuman Resources, Aviation, Bowling
Fraternal Benefit Society
Ohio