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Monday, February 09, 2009

Waiting In The Weeds

As a followup to my post yesterday, I've been able to glean the following from PERS. The assumed rate analysis is part of the actuarial studies that are required every two years. The last actuarial study reported was the 2006 study, published during 2007. The next actuarial study - for 2008 - will be presented to the PERS Board at the May 29, 2009 Board Meeting. As part of this study, it is normal for there to be a consideration of the assumed rate. The relevant sections of statute that cover this are contained in ORS 238.065, and in the Oregon Administrative Rules OAR 459-005-0060. I think I would be watching the next Board agenda pretty closely to see what sort of discussions are planned around the actuarial valuation and analysis.

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