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Senators press AFAF for actuarial study and clarity on who would be hit by pension cuts
Summary
Senators pressed AFAF to provide actuarial and cash‑flow analyses for House Bill 120. Lawmakers sought details on contributions, number of affected retirees, and the economic impact of a proposed Board cut of up to 8.5 percent; AFAF said no actuarial study had yet been produced for this bill.
During a question period following AFAF’s presentation, multiple senators demanded technical support for the policy debate, saying legislators and the public need actuarial evidence before weighing HB120’s tradeoffs.
Senadora Migdalia Padilla asked whether AFAF had reviewed an actuarial study supporting the bill; Marrero replied the agency had not seen an actuarial study tied to this bill and requested any studies be provided for analysis. He reiterated the administration’s political…
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