Committee asks staff for actuarial methodology and documentation before next vote
Members repeatedly requested the actuarial methodology, supporting documentation and tabbed materials after receiving projection figures late; staff said a sensitivity analysis had been run and members asked staff to provide full materials for review.
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Committee members said they had not seen the projection figures until recently and asked staff to provide the actuarial methodology and supporting documentation so the committee could reconcile differing projections. One lawmaker asked whether the committee should pause to hear an actuary or take a break to allow staff to explain the methodology.
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