Actuarial projections help plans and plan sponsors understand the likely future impact of demographic, economic, and benefit changes on the financial position of the plan. Plan trustees are able to consider this information in the selection of investment strategies and for payment of contingent benefits such as COLAs. Plan sponsors are able to use projections in considering changes in benefit levels and forecasting future budget requirements. GRS actuaries can provide actuarial projections for both pension and OPEB benefits.