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Council receives 2024 actuarial valuations; employer pension contribution rates to rise for 2026
3654615 · May 13, 2025
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Summary
The city received actuarial reports for its employee and police & fire retirement systems and approved higher employer contribution rates for 2026 after updated assumptions and demographic experience raised costs.
The Wichita City Council received actuarial valuation reports for the Wichita Employees Retirement System and the Wichita Police and Fire Retirement System for the valuation date Dec. 31, 2024, and approved the recommended employer contribution rates for 2026.
Mark Manning of the Finance Department introduced actuaries from Chiron; Jake Lebauskas said…
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