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Preliminary Acuarial Evaluation
- By Jerry Taylor
- Published 10/14/2011
- Pension Watch
Matt Smith, the Washington State Actuary, has released a preliminary copy of the 2010 pension evaluation.
The evaluation shows the LEOFF 1 Pension Plan to have liabilities of $4.381 billion and valuation assets of $5.561 billion. That leaves a surplus of $1,180 billion or 127% funded. That is the highest funded ratio since 2001.
The final version of the report will be issued October 31, 2011. Click here to view the preliminary report.
Recently, there has been a series of articles in the Seattle times about pensions and pension funding. We will be posting information from those articles shortly.
The evaluation shows the LEOFF 1 Pension Plan to have liabilities of $4.381 billion and valuation assets of $5.561 billion. That leaves a surplus of $1,180 billion or 127% funded. That is the highest funded ratio since 2001.
The final version of the report will be issued October 31, 2011. Click here to view the preliminary report.
Recently, there has been a series of articles in the Seattle times about pensions and pension funding. We will be posting information from those articles shortly.