Actuarial valuations are technical reports providing full disclosure of the financial and funding status of public retirement systems administered by the Department of Retirement Systems.  Valuations for odd-numbered years are also used to set contribution rates for the ensuing biennium.  For those valuations, the Pension Funding Council oversees an actuarial audit of the results by an outside actuary. 

OSA also performs annual valuations of the Volunteer Fire Fighters’ and Reserve Officers’ Relief and Pension Fund Act (RCW 41.24), which is administered by the Board for Volunteer Fire Fighters and Reserve Officers.  Its valuation is published separately.

The California Research Bureau (CRB) provides a plain language primer that summarizes and explains the actuarial methods and practices used by OSA when preparing the annual actuarial valuations. Here is a link to the report PDF.

The 2017 Actuarial Valuation is on the Historical Valuations page.

2018 Actuarial Valuation

PDF Icon 2018 Actuarial Valuation [3 mb]

PDF Icon Letter of Introduction [94 kb]

 Section One:  PDF IconSummary of Key Results [272 kb]

 Section Two:  PDF IconActuarial Exhibits [272 kb]

PDF Icon Certification Letter [107 kb]

PDF Icon Contribution Rates [99 kb]

PDF Icon Actuarial Liabilities [71 kb]

PDF Icon Plan Assets [81 kb]

PDF Icon Funded Status [62 kb]

PDF Icon Actuarial Gains-Losses [68 kb]

 Section Three: PDF IconParticipant Data [259 kb]

 Section Four:  PDF IconAppendices [260 kb]

PDF Icon Actuarial Methods/Assumptions [51 kb]

PDF Icon Summary of Plan Provisions [83 kb]

Age Distributions

Historical Data

Glossary

Law Enforcement Officers' and Fire Fighters' Retirement System Plan 2

This link provides access to the 2017 LEOFF 2 Actuarial Valuation Report PDF, posted on the LEOFF 2 website. 

 
Volunteer Fire Fighters' and Reserve Officers' Retirement System

2017 Volunteer Fire Fighters Relief and Pension Fund Valuation [9704Kb] PDF Icon

The 2016 VFF AVR is on the Historical Valuations page.

2018 Volunteer Fire Fighters Relief Experience Study [8965Kb] PDF Icon

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Last Reviewed: 09/27/2019

Last Updated: 09/27/2019