Employees' Retirement System of Georgia (ERSGA)

This actuarial valuation report for the Employees' Retirement System of Georgia, as of June 30, 2014, details the System's financial health and its long-term funding strategy. Key focus areas include evaluating assets and liabilities, determining actuarially sound employer contribution rates for Old Plan, New Plan, and GSEPS members, and outlining the funding policy and actuarial assumptions to ensure the System's solvency. The intended outcome is to maintain an actuarially sound and adequately funded retirement system, promoting financial stability for members.

This document outlines the strategic financial objectives for the Georgia Employees' Group Term Life Insurance Plan for Pre-Retirement Benefits. The primary goal is to accumulate sufficient assets during a member's employment to fully finance beneficiary benefits upon death prior to retirement. Key objectives include developing appropriate contribution rates, maintaining a stable funded ratio of at least 100% over a reasonable period, ensuring adequate asset levels and liquidity, and promoting intergenerational equity for taxpayers. Progress is measured by the funded ratio, unfunded actuarial accrued liability, its amortization over closed 20-year periods, and the employer contribution rate.

This document is an experience study for the Georgia Military Pension Fund covering the five-year period from July 1, 2019, to June 30, 2024. Its primary objective is to investigate the economic and demographic experience of the Fund's members and beneficiaries to assess the reasonableness of currently used actuarial assumptions and methods. The study makes recommendations for revised demographic tables and reaffirms economic assumptions and actuarial methods, aiming to ensure accurate anticipation of future experience and optimal estimation of future costs for the retirement system.

This actuarial valuation report for the Georgia Military Pension Fund provides a comprehensive assessment of the fund's financial health as of June 30, 2019. It outlines the funding objectives and policy, including the long-term goal of achieving a 100% funded ratio over a 20-year period from the 2013 valuation date. The report details actuarial assumptions, methods, and the determined employer contributions needed to support the fund's benefits, while also assessing investment, mortality, and contribution risks to ensure an actuarially sound basis.

This document presents an Experience Study for the Employees' Retirement System of Georgia, covering the five-year period from July 1, 2019, to June 30, 2024. The study assesses the adequacy of current actuarial assumptions and methods by comparing them against observed experience. Key recommendations include revising demographic assumptions related to withdrawal, disability, retirement, mortality, and salary increases, and adjusting the Cost-of-Living Adjustment (COLA) assumption. The study advises maintaining existing economic assumptions and actuarial methods, with the aim of ensuring future actuarial valuations accurately estimate the retirement system's costs and obligations.