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Actuary tells Oklahoma City trustees funded ratios rose after year of gains; valuation received unanimously
Summary
The Oklahoma City Post Employment Benefits Trust received a Feb. 12 actuarial valuation showing liabilities fell and funded ratios for plan blocks rose substantially; trustees voted unanimously to receive the report with no changes to funding at the meeting.
Oklahoma City — The Oklahoma City Post Employment Benefits Trust on Feb. 12 received an actuarial valuation from Nihart showing lower liabilities and improved funded positions for the trust’s benefit blocks.
John Mallows, the actuary from Nihart, told trustees that “we have some good news. Liabilities came down.” Mallows said liabilities fell from about $356,000,000 to roughly $244,000,000 and that assets increased from about $83,000,000 to about $105,000,000 after contributions and investment returns. He said one funded ratio “went from 26% to 43% funded,” and that a second block rose…
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