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Actuary and staff outline November briefings, LEF‑1 closeout and limited statewide data on excess compensation

Select Committee on Pension Policy Executive Committee · October 21, 2025
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Summary

OSA actuary Michael Harbor and committee staff reviewed interim work plan items: November informational briefings (month‑of‑death and Plan 1 ad hoc COLA), OSA's demographic study under external audit, the LEF‑1 study closeout and report timing, and a LEOFF 2 briefing noting limited statewide overtime data on excess compensation.

Michael Harbor, actuary for the Office of the State Actuary, briefed the committee on upcoming interim items and analytical work. He said two informational briefings are scheduled for November (month‑of‑death policy and a Plan 1 ad hoc COLA briefing) and that actuarial fiscal notes from the last session are available; OSA will update those fiscal notes if the bills proceed during the legislative session.

On the demographic experience study, Harbor said the work is…

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