Pension board approves Oct. 1, 2025 actuarial valuation and sets return declaration at 6.25%

Mar 9, 2026

The General Employees Pension Board approved the Oct. 1, 2025 actuarial valuation and set the declaration of returns at 6.25%. Consultant Doug Lozent reported a modest increase driven by four‑year smoothing and said the plan's funded status is about 66%.

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The General Employees Pension Board voted 5–0 to approve the Oct. 1, 2025 actuarial valuation and set the declaration of returns at 6.25% during its March 9, 2026 quarterly meeting.

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