PERAC Memo #7 - 2015: Actuarial Data
Actuarial Data
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PERAC Memo #7/2015 requests that all retirement boards submit active member, retiree/survivor, and disability retiree data as of December 31, 2014, in standard PERAC record format by March 31, 2015. Boards should submit this data promptly so PERAC can generate analysis reports identifying errors or discrepancies to correct, supporting accurate and timely actuarial valuations; boards already scheduled for a 2015 PERAC valuation should have received a separate data request.
Full Text
PERAC Memo # 7 / 2015
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 20, 2015
At this time we are requesting that Boards submit data for active members, retirees/survivors and disability retirees as of December 31, 2014. Please submit the data by March 31, 2015 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 2015, you should have previously received a separate request for the data.
Thank you for your cooperation in this regard.