PERAC Memo #9 - 2012: Actuarial Data
Actuarial Data
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PERAC Memorandum #09/2012 requests that all retirement boards submit active member, retiree/survivor, and disability retiree data as of December 31, 2011, in the standard PERAC record format. Boards must submit this data by March 31, 2012, after which PERAC will provide data analysis reports to help identify and correct errors or warnings, supporting accurate and timely actuarial valuations. Boards scheduled for a 2012 PERAC actuarial valuation should already have received a separate data request.
Full Text
MEMORANDUM #09, 2012 Gregory R. Mennis 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, 2012 At this time we are requesting that Boards submit data for active members, retirees/survivors and disability retirees as of December 31, 2011. Please submit the data by March 31, 2012 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 2012, you should have previously received a separate request for the data. Thank you for your cooperation in this regard.