The Office of the State Actuary has released the final Pension Evaluation report.  The valuation is completed every two years and  this one is the 2010 Actuarial Valuation (June 30, 2010, valuation date).  So, as always we are looking at data that is already in excess of a year old. 

You can download a copy of the report here:  http://osa.leg.wa.gov/Actuarial_Services/Publications/osa_valuations.htm

These reports are always very technical and there is always a risk of cherrypicking favorable data and reacing inappropriate conclusions.  Over the next couple of weeks we will be discussing those parts of the report that of concern to LEOFF 1.  Hopefully we will not fall prey to the danger outlined above.