Committee requests actuarial methodology and agrees to continue talks
Members requested the full actuarial methodology behind the projections and sensitivity runs, sought reconciliation of divergent numbers, and signaled further meetings to resolve representation and COLA language.
The full story
Several members asked staff and the actuarial vendor to provide the methodology that produced the differing projections, with one lawmaker specifically requesting to hear from "Mister Annette" or whoever could explain the calculations.
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