ORS consulting actuary performs an in-depth valuation of each of the Retirement Systems every year to assess the sufficiency of assets to fund the benefits promised to members and eligible beneficiaries. In accordance with ORS Actuarial Funding Policy, the actuarial valuation contains recommended employer and employee contribution rates to fund the annual “normal cost” of the Systems.
Actuarial Valuations
The Actuarial Valuation is an annual report that summarizes the actuarial data used in the valuation, analyzes the preceding year’s experience, and establishes the funding requirements for the next fiscal year commencing on July 1, following the date the report is provided. Actuarial reports are prepared in accordance with generally accepted actuarial principles and practices at the request of the Board to assist in administering the Retirement Systems. The census and financial information, on which the Actuaries calculations are based, was prepared by staff of the Retirement Systems. ORS consulting actuaries are member of the American Academy of Actuaries and meet the Qualifications Standards of the American Academy of Actuaries to render the actuarial opinion herein.
Archive Section
The information and documents contained in this archive will not be updated and may contain out-of-date information and broken links.
Actuarial Pension Valuation Archive
Actuarial Other Postemployment Benefits (OPEB) Valuation Archive