Committee asks actuaries for methodology after surprise sensitivity figures
Members said they had seen new sensitivity analysis only the day before and requested GRS/actuarial staff explain assumptions that assume the next decade mirrors the last ten years, producing lower funding projections.
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A lawmaker told the panel they "had never seen any figures like this until yesterday" and asked the committee to hear from the actuary or GRS to explain the methodology. Staff explained the sensitivity analysis runs a conservative scenario that assumes the next decade is as volatile as the last, which produces markedly lower projections for the first decade.
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