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Indian River Shores pension trustees table actuary's experience study until full board can review
Summary
The pension board agreed to delay approving a five‑year actuarial experience study until the plan actuary can return and trustees who missed the prior presentation have time to review the materials. Trustees asked staff to reschedule the actuary for the next quarter and to redistribute the study materials before that meeting.
Trustees of the Town of Indian River Shores pension plan voted to table action on a proposed five‑year experience study and asked the plan actuary to present results and rate‑scenario options at the next quarterly meeting.
The experience study is a routine actuarial review that compares assumptions used in pension valuations—such as the assumed rate of return, salary growth, mortality and retirement patterns—against actual plan experience since the last study. Staff and trustees said the actuary,…
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