State actuary outlines pension evaluations, including volunteer firefighter plan review
Sarah Baker of the Office of the State Actuary summarized OSA nnual projects: an actuarial evaluation of DRS pension plans, support for state financial reporting and investment cash-flow analysis, a six-year contributions outlook, and a planned evaluation of the volunteer firefighter pension plan to inform study of the fire insurance premium tax.
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Sarah Baker, actuary with the Office of the State Actuary, briefed the executive committee on the office's upcoming and ongoing work, including a full actuarial evaluation of the state's DRS pension plans, cash-flow analysis support for the State Investment Board and a six-year outlook of pension contributions to aid budget riders. "You did just hear about one of the biggest projects, which is the actuarial evaluation report on the DRS pension plans," Baker told the committee.
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