SiteTitle | • | Monthly Briefing (Special Pension Briefing) | [X] |
| | 1: | | Title: | | | | | Volume/Number: | 2022 November | | | | Issuing Agency: | | | | | Description: | The Special Pension Briefing is an annual summation of the findings of the 5 State retirement systems respective actuarial valuations. The report analyzes changes in unfunded liability, historical funded ratio status, statutorily-mandated State pension contributions for the ensuing fiscal year and long-term funding projections through FY 2045 pursuant to P.A. 88-593. The report also analyzes investment returns for the most recently-completed fiscal year, and documents any changes in actuarial assumptions that might affect the funds cumulative funded status or future State contributions. The 2022 version of the Special Pension Briefing contains a guest essay by the Commissions actuary, Segal Consulting, on proper actuarial funding methods for public pension funds. | | | | Date Created: | 12-07-2022 | | | | Agency ID: | | | | | ISL ID: | 000000100651 Original UID: 206709 FIRST WORD: Monthly | |
| 2: | | Title: | | | | | Volume/Number: | 2023 November | | | | Issuing Agency: | | | | | Description: | The Commission has reviewed the State-funded retirement systems FY 2023 preliminary actuarial reports, which were issued prior to November 1st, pursuant to P.A. 97-0694, the State Actuary Law. Under the State Actuary Law, the systems must annually submit a proposed certification for the following fiscal year prior to November 1st of the current calendar year. The State Actuary then must issue a preliminary report concerning the systems proposed certification by January 1st. The State Actuary's report must identify any recommended changes in actuarial assumptions based upon the review of the retirement systems actuarial assumptions. | | | | Date Created: | 12-04-2023 | | | | Agency ID: | | | | | ISL ID: | 000000104909 Original UID: 211214 FIRST WORD: Monthly | |
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