Examples of State actuary in a sentence
State actuary" or "actuary" means the person appointed pursuant to RCW 44.44.010(2).
Employer and employee contribution rates are developed by the Office of the State actuary to fully fund the plan.
In addition, the State contributes a certain percentage of fire insurance premiums paid by State residents and an amount determined by the State actuary as being needed to extinguish the TRS unfunded liability within 40 years of June 30, 1994.
State actuary Won testified that typically demographic changes are socialized rather than charged to a specific employer, and that with respect to contribution rates, single employers are never required to pay a specialized or segregated rate.Second, the evidence showed that requiring PERS to absorb most of the interest obligation would have a limited impact on contribution rates, particularly relative to other recent increases.
RCW 41.45.030 State actuary to submit information on the experience and financial condition of each retirement system—Adoption of long-term economic assumptions.
Additional notes found at www.leg.wa.gov Chapter 44.44 RCWOFFICE OF STATE ACTUARY—SELECT COMMITTEE ON PENSION POLICYSections44.44.010 Office of state actuary—Created—Qualifications.44.44.013 State actuary appointment committee—Creation—Member- mittee, and who shall be exempt from the provisions of the state civil service law, chapter 41.06 RCW.(2) All actuarial valuations and experience studies per- formed by the office of the state actuary shall be signed by a member of the American academy of actuaries.
He said it was striking to note the differences between State and Local employer shares: the State actuary determined contribution is only funded at 13 percent.
Other employers contribute 15% of their TRS-covered employees’ compensation.In addition, the State contributes a certain percentage of fire insurance premiums paid by State residents and an amount determined by the State actuary as being needed to extinguish the TRS unfunded liability by June 30, 2034.
HHS believes the burden on States is minimal.Estimated State Costs:HHS assumes that this would take a State actuary (GS-15 - Step 1 - $59.30) approximately 20 minutes (.33 hours) to review and upload their justification to the website.
State actuary" means the office of the state actuary created in RCW 44.44.010.