Pension Funding Council


John A. Cherberg Building
P.O. Box 40466
Olympia, WA 98504-0466
Telephone: (360) 664-7311
Fax: (360) 786-7615
Toll-Free Legislative Hotline: 1-800-562-6000

The Pension Funding Council consists of 6 members: the director of the department of retirement systems, the director of the office of financial management, the chair and ranking minority member of the House of Representatives appropriation committee, and the chair and ranking minority member of the Senate ways and means committee.

The Council is responsible for setting economic assumptions and the related pension contribution rates for the state's 11 pension plans. At least once every six years, the council administers an audit of the actuarial of the valuation used for rate setting.

Members and Staff


Meeting Dates* and Materials

Committee Meeting Information

As of 2015, meetings materials can be found at Committee Meeting Documents.

Agenda Time & Location Minutes
​Sept. 15, 2015​3pm, Senate Hearing Room 3
July 28, 201410am, Senate Hearing Room 3 7/28/2014 PFC Minutes
June 30, 201410am, Senate Hearing Room 3
Sept. 18, 20138:30am, Senate Hearing Room 3
July 25th, 20121:30pm, House Hearing Room B  7/25/2012 PFC Minutes
June 28th, 20121:30pm, House Hearing Room D

Committee Presentations

State Actuary Presentation (7/28/2014)

Milliman Actuarial Audit presentation (7/28/2014)

State Actuary Presentation (6/30/2014)

Milliman DRAFT Presentation (6/30/2014)

Washington State Investment Board Update - Presentation (9/18/2013)

State Actuary Presentation (9/18/2013)

2011 Valuation Audit Presentation (7/25/2012)

State Actuary Presentation (6/28/2012)


Recent and Historical Committee Information


*Notices of Upcoming Meetings

GovDelivery provides a convenient way to be notified of upcoming meetings by e-mail. To receive all notices for this Joint Committee, go to, and subscribe to the Combined Meeting Schedule plus the House Appropriations or Senate Ways & Means schedule.


Related Committees