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Valuations of the Washington Retirement Systems

Actuarial valuations are technical reports providing full disclosure of the financial and funding status of public retirement systems administered by the Department of Retirement Systems.  Valuations for odd-numbered years are also used to set contribution rates for the ensuing biennium.  For those valuations, the Pension Funding Council oversees an actuarial audit of the results by an outside actuary. 

OSA also performs annual valuations of the Volunteer Fire Fighters’ and Reserve Officers’ Relief and Pension Fund Act ( RCW 41.24p ), which is administered by the Board for Volunteer Fire Fighters and Reserve Officers.  Its valuation is published separately.

The California Research Bureau (CRB) provides a plain language primer that summarizes and explains the actuarial methods and practices used by OSA when preparing the annual actuarial valuations. Here is a link to the report PDF on the CRB website.

The 2012 Actuarial Valuation is on the Historical Valuations page.

Click on the titles below to open the PDF.

2013 Actuarial Valuation

2013 Actuarial Valuation Report [7.7MB]

Letter of Introduction [1714KB]

Section One:  Summary of Key Results [1.8MB]

Section Two:  Actuarial Exhibits [1MB]

Certification Letter [248KB]

Contribution Rates [727KB]

PDF Icon. Actuarial Liabilities [180KB]

PDF Icon. Plan Assets [200KB]

PDF Icon. Funded Status [182KB]

Actuarial Gains/Losses [183KB]

Effect of Plan, Assumption, and Method Changes [174KB]

PDF Icon Section Three:  Participant Data [717KB]

Appendices

PDF Icon. Actuarial Methods/Assumptions [327KB]

PDF Icon. Summary of Plan Provisions [184KB]

PDF Icon. Age/Service Distributions [212KB]

PDF Icon. Age/Years Retired Distributions [301KB]

Historical Data [204KB]

Glossary

Law Enforcement Officers' and Fire Fighters' Retirement System Plan 2

This link provides access to the 2012 LEOFF 2 Actuarial Valuation Report in PDF format, posted on the LEOFF 2 website.  This link will be updated when the 2013 LEOFF 2 AVR becomes available.

 

Volunteer Fire Fighters' and Reserve Officers' Retirement System

 2013 Volunteer Fire Fighters Relief and Pension Fund Valuation [10/31/14]

The 2012 VFF AVR is on the Historical Valuations page. The 2013 VFF AVR will be
posted by the date listed above.

Please note that PDF files are best viewed using Adobe Reader’s latest version. Click on the icon below to access free updates:

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Last Reviewed: 9/30/2014

Last Updated: 9/30/2014

   

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