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New actuarial valuation reports posted
Your organization’s 2022 advisory valuation is now available to download from the PERS website. Please forward this email to your finance department to ensure they receive it.
For your finance department
A copy of your valuation will not be emailed to you; instead, you need to download it to your computer.
For instructions on downloading a zip file containing your organization's valuation report, go to the Actuarial Valuations webpage.
To download the zip file now, click the appropriate link below:
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Independent employers*
School districts**
SLGRP ER # 1000-2249
SLGRP ER # 2251-2699
SLGRP ER # 2700-2999
System-Wide 2022 Actuarial Valuation Report
*Employers who are not part of the State and Local Government Rate Pool (SLGRP).
**School districts without side accounts should reference the valuation for ER #3000, under “School Districts.”
Learn more
To understand the most important sections in your valuation, read the Guide to Understanding Your Valuation. Find the edition for your employer pool and click either the download version or the print version.
If you have questions about your rate or valuation, email Actuarial Services.
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Get help
Although PERS Actuarial Services will not be emailing individual valuation reports to employers, if you have any difficulty finding your valuation or have questions regarding how your rate was calculated, please do not hesitate to email Actuarial Services.
About actuarial valuations
Every year, the PERS actuary (Milliman) prepares actuarial valuations of the system-wide PERS Fund and every individual employer’s PERS account based on information gathered the previous year. The purpose is to determine whether contributions are being accumulated at a rate sufficient to provide the funds out of which your promised pensions can be paid when due.
- Reports published in even years are rate-setting valuations — they are used to determine new contribution rates for the next biennium.
- Reports published in odd years are advisory valuations — they provide an update on system funded status and show what contribution rates for the 2025-27 biennium would be if they were set by this valuation.
The 2022 valuation reports are advisory valuations. Actual 2025-27 contribution rates will be calculated in the December 31, 2023, valuation, based on asset and demographic information as of that valuation date. Those reports will be available in fall 2024.
The system-wide valuation report overviews the financial health of the PERS system and presents actuarial estimates of the system-wide liabilities and expenses of PERS, including pension benefits and retiree medical benefits. For an explanation of this year’s valuation, read Milliman’s presentation of year-end 2022 actuarial valuation results.)
Employer valuation reports are informational supplements to the system-wide report. They provide details on employers’ contribution rates and the data used to calculate the rates.
Valuation reports are grouped by pool:
- State and Local Government Rate Pool employers.
- School District Rate Pool employers.
- Independent employers.
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