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El Paso City staff outlines actuarial valuation process for municipal retirement plan
Summary
Staff presented an overview of an actuarial valuation for the city retirement plan, saying the review will assess the plan's financial condition, determine whether the city's fixed contribution rate is adequate and calculate the actuarially determined contribution using updated participant and asset data.
A staff member for El Paso City presented an overview of an actuarial valuation for the city retirement plan, saying the review will assess the plan’s current financial condition and determine whether the city’s fixed contribution rate is adequate.
The staff member said the valuation will analyze changes in the plan’s financial condition since the last valuation, summarize…
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