Economic Assumptions Study; Iowa Public Employees’ Retirement System, March 24, 2017

(2017) Economic Assumptions Study; Iowa Public Employees’ Retirement System, March 24, 2017. Iowa Public Employee Retirement System

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Abstract

The purpose of an actuarial valuation is to provide a timely best estimate of the ultimate costs of a retirement system. Actuarial valuations of IPERS are prepared annually to determine the employer contribution rate required to fund the System on an actuarial reserve basis, i.e. the current assets plus future contributions, along with investment earnings will be sufficient to provide the benefits promised by the System. The valuation requires the use of certain assumptions with respect to the occurrence of future events, such as rates of death, termination of employment, retirement age, and salary changes to estimate the obligations of the System.

Item Type: Departmental Report
Keywords: IPERS, Finance, Agencies, State
Subjects: Government finance and taxes > State finance
State government > State audits and studies
State government
ID Code: 28355
Deposited By: Margaret Barr
Deposited On: 29 Oct 2018 13:35
Last Modified: 29 Oct 2018 13:35
URI: http://publications.iowa.gov/id/eprint/28355