Our work supports the financial security of Washingtonians today and for generations to come. We help our clients make informed decisions and navigate the uncertainties of the future through expert, accurate, and objective analysis. We strive to communicate our work in an easy to understand and accessible manner.
The following report measures critical agency functions to monitor and manage our performance and identify areas of improvement. We interview our clients to gather measurement information. We document client expectations, measure levels of satisfaction with the expectations, and identify new or emerging expectations. We also conduct on-going staff interviews to measure employee satisfaction.
2017 Performance Report [691KB]
Actuaries are math professionals who measure and manage financial risk. They are employed by insurance companies, banks, or investment firms. In state government, agencies administering pension, health care, unemployment, or worker's compensation benefits rely on actuarial calculations in one way or another.
Pension actuaries estimate the financial implications and consequences of events twenty, thirty, or more years into the future. They are concerned with demographic trends and statistics within the pension plans’ membership. They analyze the economic factors that may affect the value of a pension plan’s benefits or assets. This work relies on mathematical principles and assumptions, statistics, probabilities, and experience.
California Research Bureau provides a plain language primer that summarizes and explains the actuarial methods and practices. You may access the report directly from the CRB website. Or you may
download the report in PDF format .