PERAC Memo #8 - 2007: Actuarial Data
Actuarial Data
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PERAC Memo #8/2007 requests that all retirement boards submit active member, retiree/survivor, and disability retiree data as of December 31, 2006, in the standard PERAC record format by March 31, 2007. PERAC will review submissions and provide data analysis reports so boards can correct any errors or warnings, supporting accurate and timely actuarial valuations. Boards scheduled for a PERAC actuarial valuation in 2007 should have already received a separate data request and need not respond to this general memo for that purpose.
Full Text
Memorandum # 8/2007
M E M O R A N D U M TO: All Retirement Boards FROM: Joseph E. Connarton, Executive Director RE: Actuarial Data
DATE: January 18, 2007
At this time we are requesting that Boards submit data for active members, retirees/survivors and disability retirees as of December 31, 2006. Please submit the data by March 31, 2007 in the standard PERAC record format.
After we receive your data, you will receive data analysis reports that you can use to review and/or correct any questionable items, warnings or errors that are identified in your data. We are available to work with you as you review the data analysis reports. We strongly recommend sound data maintenance practices to ensure that actuarial valuations are reliable and may be completed in a timely manner.
If you are scheduled to have an actuarial valuation performed by PERAC in 2007, you should have previously received a separate request for the data.
Thank you for your cooperation in this regard.