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Board meetings and strategic plans from Omar DeJesus's organization
The actuarial valuation report includes the determination of whether assets and contributions are sufficient to provide prescribed benefits and to develop appropriate funding requirements for the applicable plan year. It also includes the related results for GASB Statements No. 67 and No. 68. The report discusses changes since the prior valuation, including a reduction in the investment return assumption. It also covers the contribution impact of annual changes, a comparative summary of principal valuation results, a reconciliation of unfunded actuarial accrued liabilities, and a detailed actuarial gain/loss analysis.
Extracted from official board minutes, strategic plans, and video transcripts.
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Janette Carter
Recreation Superintendent
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