In addition to the exhibits in the actuarial valuation report, we provide reports that allow you to select from a variety of inputs to create your own reports. We call these “interactive reports.”

We provide links to two interactive reports below: funded status and projected benefit payments. We discontinued interactive reports for contribution rates. If you’re interested in how contribution rates may vary in the future, please see the Contribution Rate Projections.

On the interactive report page, select information from three inputs to create a customized Funded Status report.

1. Valuation Year.
   Sets the measurement or valuation date of the assets and accrued pension obligations when calculating the funded status.

2. Asset Valuation Method.
   Determines whether the market value or the actuarial value of assets is used when calculating the funded status.  The market value represents the fair value of the assets at the measurement date.  The actuarial value of assets represents the “smoothed” value of assets at the measurement date where a portion of prior annual investment gains or losses are deferred over a certain number of years consistent with the actuarial asset method.

3. Discount Rate.
   Represents the interest rate used to determine the present value of future pension payments that have been accrued under the actuarial cost method at the measurement date. Four discount rate choices are available.

A. Statutory rate used for funding or determining contribution rates (i.e., 7.0 percent for all systems).

B. Statutory rate used for funding less 1 percent (i.e., 6.0 percent for all systems).

C. Statutory rate used for funding plus 1 percent (i.e., 8.0 percent for all systems).

Go to the interactive report page. Select your inputs, then click on "View Report" button to see the results. Please select the  button in the menu bar to download the results of the scenario you defined.

See the state’s Annual Financial Report (AFR) for the plan funded status reported under the Governmental Accounting Standards Board (GASB) accounting requirements.

This interactive report displays both the Present Value and Future Value of the projected benefit payments for current members only (excludes new entrants for the open plans).  From there, on the interactive report page, select from three tabs to view the Present Value of the projected benefits under the discount rate choices.

1. Discount Rate.
   Represents the interest rate used to determine the present value of future pension payments at the measurement date. Four discount rate choices are available.

A. Statutory rate used for funding or determining contribution rates (i.e., 7.0 percent for all systems)

B. Statutory rate used for funding less 1 percent (i.e., 6.0 percent for all systems)

C. Statutory rate used for funding plus 1 percent (i.e., 8.0 percent for all systems)

You may also copy and paste the Future Value of the projected benefit payments into a spreadsheet to develop your own Present Value. OSA claims no responsibility for calculations performed outside of the three discount rate options presented online.

Go to the interactive report page to view the embedded webpage. Please select the   button at the bottom right of the webpage to download the spreadsheet. 

We collaborated with the staff of the Legislative Evaluation and Accountability Program (LEAP) Committee to create these interactive reports.

Last Reviewed: 08/08/2024

Last Updated: 08/08/2024