December 31, 2013 Actuarial Valuation
Adopted by the Board on October 8, 2014

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The valuation was presented by CCCERA’s actuary, Segal Consulting. The ratio of the valuation value of assets to actuarial accrued liabilities increased from 70.6% to 76.4%. The Association’s UAAL has decreased from $2.3 billion to $1.8 billion. This decrease is primarily due to changes in leave cashout assumptions, an investment return on actuarial value (i.e. after smoothing) greater than the 7.25% assumed rate and lower than expected individual salary increases.

December 31, 2013 Actuarial Valuation

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