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* The State Actuary issued a report on December 22nd entitled “Actuarial Assumptions and Valuations of the State-Funded Retirement Systems.” Yeah, I didn’t read it, either.
But one of my very smart readers did go through it and reached out to me yesterday…
Hi Rich,
Long time follower, first time writer. In full disclosure, I recently retired from the [redacted] after more than [redacted] years. I just read the COGFA article today and was encouraged about the State’s finances yet again.
Another report that came out in late December that received no coverage was the State Actuary Report (see link below). The unheralded news in this report was that there were several State pension systems that passed the “Tread Water” point in FY21; meaning we are now paying in more than we owe and reducing the liability for those systems.
Author(s): Rich Miller
Publication Date: 13 Jan 2022
Publication Site: Capitol Fax