Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
LEOFF Plan 2 board adopts updated economic and demographic assumptions
Summary
The Law Enforcement Officers' and Fire Fighters' Plan 2 Retirement Board voted Dec. 17 to adopt updated long‑term economic and demographic assumptions, including a modest bump in inflation and the PUB‑2016 mortality tables; staff said the combined updated assumptions project a funded status near 101–102%.
The Law Enforcement Officers' and Fire Fighters' Plan 2 Retirement Board on Dec. 17 adopted recommended changes to both long‑term economic and demographic assumptions that will be used in the next actuarial valuation.
Jacob White, staff to the board, said the recommended economic changes include raising the inflation assumption from 2.75% to 3.0% and small upward adjustments to salary‑growth and expected investment returns. White told the board the actuaries project the economic…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
