PERAC Memo #8 - 2016: Actuarial Data
Actuarial Data
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PERAC Memo #8/2016 requests that all retirement boards submit actuarial data (active members, retirees/survivors, and disability retirees) as of December 31, 2015, in standard PERAC format, preferably via the Interchange File Transfer website, by March 31, 2016. Boards should review the resulting data analysis reports for errors or warnings and correct any issues to ensure reliable, timely actuarial valuations; boards already scheduled for a 2016 PERAC valuation should follow the separate data request they previously received.
Full Text
PERAC Memo # 8 / 2016
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 21, 2016
At this time we are requesting that Boards submit data for active members, retirees/survivors and disability retirees as of December 31, 2015. Please submit the data by March 31, 2016 in the standard PERAC record format.
We prefer the data files to be submitted via the Interchange File Transfer website. All files should be sent to the address: PER-edoc-Actuary@per.state.ma.us. If you have any questions about Interchange or would like to set up an account, please contact John Boorack.
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 2016, you should have previously received a separate request for the data.
Thank you for your cooperation in this regard.