Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Pensions topic
No spam. Unsubscribe anytime.
Greene County retirement board accepts 2025 actuarial evaluation showing strong funded ratio
Summary
The Greene County Retirement Board received and approved the 2025 actuarial evaluation by GRS Consulting showing a funded ratio of 95.2 percent and reported net actuarial gains for 2024.
The Greene County Retirement Board on Sept. 18, 2025, voted to accept the 2025 actuarial evaluation completed by GRS Consulting, effective Jan. 1, 2025.
The board’s presentation said the plan had a net increase of about $2,270,000 in 2024, most of it from realized gains. The report lists 475 total people participating in the county retirement plan; it records 192 retirees or beneficiaries receiving benefits and additional plan-member counts referenced in the actuarial summary presented to the board. The plan’s funded ratio was reported at 95.2 percent.
Why it matters: a funded ratio above 90 percent places the county plan ahead of many public pension plans in the Commonwealth and affects actuarial assumptions, employer contribution planning and long-term liabilities.
Board action and next steps: The board moved to approve receipt of the actuarial report and the motion carried by voice vote. The transcript records the board noting the report’s figures and thanking GRS Consulting for the annual review. The board did not record further policy changes at the meeting; the report will form part of the retirement plan’s next financial and budgetary reviews.
Ending: The retirement board adjourned after accepting the actuarial report and completing routine business.
