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State actuary outlines workload, staffing and major 2025 projects
Summary
Office of the State Actuary officials told the Select Committee on Pension Policy that the small, nonpartisan legislative agency is fully-staffing to 19 FTEs, running a heavy 2025 workload including an economic experience study, demographic study and WA Cares valuation, and tracking performance with public metrics.
The Office of the State Actuary gave its annual update to the Select Committee on Pension Policy, reviewing staffing, core functions and a packed 2025 project slate. Lisa Wan, of the Office of the State Actuary, presented the briefing. The update matters because the office produces actuarial valuations and fiscal notes used by multiple state pension plans, the Legislature and executive branch agencies. Wan described OSA as "a small, nonpartisan legislative agency" and outlined who the office serves and what it does. When fully staffed in about three weeks, she said, OSA will have…
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