SDCERS Releases 2012 Actuarial Valuations

Date: Jan 11, 2013

 

The San Diego City Employees’ Retirement System (SDCERS) today released its annual actuarial Valuations for the City of San Diego, the San Diego Unified Port District and the San Diego County Regional Airport Authority for the year ended June 30, 2012. SDCERS' actuary, Cheiron, will present the Valuations to the SDCERS Board of Administration at its regularly scheduled meeting on Friday, January 18th.

Key highlights of the valuations include:

City of San Diego:

• Unfunded Actuarial Liability (UAL) of $2.3 billion

 • Funding Ratio of 68.6%

• If paid at the beginning of the year, the FY 2014 Annual Required Contribution (ARC) is $275.4 million (compared to $231.1 million in FY 2013).

San Diego Unified Port District:

• UAL of $104.2 million

• Funding Ratio of 72.7%

• If paid at the beginning of the year, the FY 2014 ARC is $13.9 million (compared to $13.2 million in FY 2013).

San Diego County Regional Airport Authority:

• UAL of $1.4 million

• Funding Ratio of 98.5%

• If paid at the beginning of the year, the FY 2014 ARC is $2.9 million (compared to $2.6 million in FY 2013.)

To read the reports and corresponding FAQs, click here.

For information about the SDCERS Board meeting location and time, click here.




Document Under Categories: Actuarial Valuations

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