Resources to Help Understand the Funding Gap

Actuarial Valuation Reports 

Other Reports

Related Items

  • Actuarial Investment Assumption Panel: Future Capital Markets (Board Education)
    September 2, 2010

    Description: This item introduces the panel of external investment experts that discuss future capital markets.
    Ensuing Board Action: none

  • Adoption of the Investment Return Actuarial Assumption
    June 4, 2010

    Description: This item is to adopt an investment assumption for the actuarial valuation and to report the impact of changing the assumption.
    Ensuing Board Action: The board directed Milliman to provide a written recommendation as to lowering the investment return assumption, directed staff to continue with the current (June 30, 2009) valuation based on the existing 8 percent investment return assumption, and decided to review the matter again in November 2010.  Any changes adopted in November 2010 would be incorporated into the June 30, 2010 valuation.

  • Validating Actuarial Assumptions
    February 5, 2010

    Description: This item evaluates the appropriateness of the current investment return assumption.
    Ensuing Board Action: The board requested staff provide more detailed information in September 2010 so as to evaluate the impact of lowering the assumed rate of return.  The board also requested analyses using different assumed rates of return with the projected contribution and the full PCA report on capital market assumptions.

  • Evaluate Alternative Amortization and Smoothing Periods
    September 4, 2009

    Description: This item provides information on asset smoothing as a means to mitigate volatility in pension plan assets.
    Ensuing Board Action: none

  • Adoption of the June 30, 2007 Actuarial Experience Study
    April 3, 2008

    Description: This item proposes the assumptions to adopt when undertaking an actuarial valuation.
    Ensuing Board Action: The board adopted the revised assumptions resulting from the study.