Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee presses for actuarial valuations; pension trustees say drafts are with counsel
Summary
Committee members asked why actuarial valuation reports were not available; pension board representatives said drafts are under counsel review and raised concerns about commingling of pension trust funds and communication delays.
Members of the Finance and Budget Committee pressed staff and pension representatives for the actuarial valuation reports the committee needs to set next year’s pension contributions.
Hitesh told the group he had not received the actuarial valuation drafts and that he expected the committee would see them by the next meeting in September. Representatives of the pension boards said the actuary had provided drafts to pension counsel and that the boards were reviewing those documents before broader…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
