Actuary outlines September briefings, cautions on assumption changes
Office of the State Actuary actuary Michael Harbour told the committee to expect two September presentations — a report on financial condition and recommended long‑term economic assumptions — and warned that changing assumptions could alter any pricing prepared this summer.
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Michael Harbour, actuary for the Office of the State Actuary, told the Select Committee on Pension Policy executive committee that members should expect two actuarial presentations at the committee's September meeting: a report on the financial condition of DRS‑administered plans and the state actuary’s recommended long‑term economic assumptions, which the committee may recommend to the Pension Funding Council.
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