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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 2013 Actuarial Valuation is on the Historical Valuations page.

Click on the titles below to open the PDF.

2014 Actuarial Valuation

PDF Icon 2014 Actuarial Valuation Report [3439KB]

PDF Icon Letter of Introduction [543KB]

Section One:  PDF Icon Summary of Key Results [455KB]

Section Two:  PDF Icon Actuarial Exhibits [955KB]

PDF Icon Certification Letter [213KB]

PDF Icon Contribution Rates [217KB]

PDF Icon Actuarial Liabilities [651KB]

PDF Icon Plan Assets [323KB]

PDF Icon Funded Status [410KB]

PDF Icon Actuarial Gains/Losses [170KB]

PDF Icon Section Three:  Participant Data [355KB]


PDF Icon Actuarial Methods/Assumptions [678KB]

PDF Icon Summary of Plan Provisions [522KB]

PDF Icon Age/Service Distributions [349KB]

PDF Icon Age/Years Retired Distributions [450KB]

PDF Icon Historical Data [240KB]


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

This link provides access to the 2014 LEOFF 2 Actuarial Valuation Report PDF, posted on the LEOFF 2 website. 


Volunteer Fire Fighters' and Reserve Officers' Retirement System

2014 Volunteer Fire Fighters Relief and Pension Fund Valuation [4029KB]

The 2013 VFF AVR is on the Historical Valuations page.

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Last Reviewed: 10/12/2015

Last Updated: 10/12/2015


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