CalPERS

Actuarial Office

Each year, the CalPERS actuaries prepare separate actuarial valuations for the State, school employers, and each contracting public agency. The valuations are based on the benefits that have been adopted, the actuarial methods and assumptions set by the Board, and the membership and financial data for each plan. The valuations compare the assets to the accrued liability for each plan, and determine the employer contribution rate for the coming year. Additional actuarial valuations are made throughout the year to determine the impact of benefit improvements, mergers and reclassifications, and legislated changes.

Dated: 01-11-2012