PERAC Memo #4 - 2010: Actuarial Data

Actuarial Data

Summary

This memo requests that all retirement boards submit active member, retiree/survivor, and disability retiree data as of December 31, 2009, in PERAC's standard record format by March 31, 2010. Boards will receive data analysis reports afterward to review and correct any questionable items, and PERAC recommends sound data maintenance practices to ensure reliable, timely actuarial valuations. Boards scheduled for a 2010 PERAC actuarial valuation should already have received a separate data request.

Full Text

MEMORANDUM #04, 2010 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 12, 2010 At this time we are requesting that Boards submit data for active members, retirees/survivors and disability retirees as of December 31, 2009. Please submit the data by March 31, 2010 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 2010, you should have previously received a separate request for the data. Thank you for your cooperation in this regard.