Pension Funding Supporting Information Studies Education Additional Services About Us

 

​​Valuations of the Washington Retirement Systems

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.

Recent Actuarial Valuations

PDF Icon 2020 Actuarial Valuation [11 mb]

 
2021 Actuarial Valuation

PDF Icon Final 2021 Actuarial Valuation [4.4 Mb]

PDF Icon 2021 Actuarial Audit Report [409 Kb]

PDF Icon Letter of Introduction [172 Kb]

Section One: PDF Icon Summary of Key Results [2.9 Mb]

Section Two: PDF Icon Actuarial Exhibits [2.3 Mb]

PDF Icon Certification Letter [205 Kb]

PDF Icon Contribution Rates [318 Kb]

PDF Icon Actuarial Liabilities [283 Kb]

PDF Icon Plan Assets [297 Kb]

PDF Icon Funded Status [284 Kb]

PDF Icon Actuarial Gains-Losses [273 Kb]

Section Three: PDF IconParticipant Data [1.3 Mb]

Section Four: PDF Icon Appendices [1.0 Mb]

PDF Icon Actuarial Methods/Assumptions [174 Kb]

PDF Icon Summary of Plan Provisions [279 Kb]

Section Five: PDF Icon Resources [1.0 Mb]

Age Distributions

Historical Valuation Data

Glossary

Historical Valuations

Find historical valuations of the Washington retirement systems here

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

This link provides access to the 2021 LEOFF 2 Actuarial Valuation Report PDF, posted on the LEOFF 2 website. 

 
Volunteer Fire Fighters' and Reserve Officers' Retirement System

2021 Volunteer Fire Fighters Relief and Pension Fund Valuation [336 kb] PDF Icon

2020 Volunteer Fire Fighters Relief and Pension Fund Valuation [2832 kb] PDF Icon

2022 Volunteer Fire Fighters Economic Experience Study [228 kb] PDF Icon

Demographic Experience Studies

2021 Volunteer Fire Fighters Pension Experience Study [7193 kb] PDF Icon

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

Please note that PDF files are best viewed using Adobe Reader’s latest version. Click on the icon below to access free updates:

Get Adobe Reader link.  

Last Reviewed: 10/31/2022

Last Updated: 10/31/2022