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Actuaries: police pension funded ratio rises to ~82%; recommended contribution down slightly for FY27
Summary
Actuaries reported the police pension funded ratio increased from 78% to 82% (smoothed), driven by asset gains and turnover; they recommended a modest reduction in the actuarially determined contribution as a percent of payroll for FY27, while noting smoothing and amortization rules that would spread gains/losses over years.
Actuaries Tom Bissetti and Jordan McClain presented the police employees' pension valuation as of July 1, 2025, explaining how the plan's funded ratio and the recommended contribution are calculated. "From our last valuation date to this valuation date, the funded status of the plan increased from 78% to 82%," the actuaries reported during their presentation.
The improvement reflected a strong market‑value return in FY25…
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