Jan 22, 2026BoardMeeting
BoardPublic Safety Personnel Retirement System Local Board Minutes
The board conducted a review and discussion regarding the Fiscal Year 2025 actuarial valuation. Key highlights included a report on the employer contribution rates for Tier 1 and Tier 2 members, the funded status of the plan, and explanations regarding changes in contribution rates driven by positive asset experience, payroll growth, and liability assumption adjustments. The board also reviewed historical amortization trends and member statistics, with a focus on future communications with employees approaching retirement.