2010 Actuarial Valuation Report has been posted.

Every 2 years we are required to have a recalculation of our actuarial assets and liabilities.  It is a good measure of our financial vitality which, considering the recent downturn in the economy, looks pretty good.  As evidence – the Board was able to increase the retirees’ COLA base to $13,000, while at the same time keeping the assessment amounts stable and the funding schedule still within the 2030 deadline.  I can tell you more – like, our funded ratio is still a respectable 67%, but read the full report to get all the details.  Click here to see the report.