Feb 27, 2012BoardMeeting
BoardEmployees' Retirement System of the State of Hawaii Report to Board of Trustees
The report discusses the actuarial valuation of the Employees' Retirement System of the State of Hawaii (ERS) as of June 30, 2011. It covers key results, including membership data, assets, and actuarial information such as normal costs, unfunded actuarial accrued liability (UAAL), and funded ratios. The report also addresses the progress toward realizing financing objectives, benefit provisions, legislative changes, actuarial assumptions, and methods used in the valuation. It includes an analysis of changes in the UAAL, ERS assets, and GASB 25 disclosure requirements.