Actuarial Information, Reports and Employer Contribution Rates
StanCERA’s overall funding objective is to meet long-term benefit promises by maintaining a well-funded plan status through a combination of superior investment returns and employer and employee contributions which are both minimized and maintained as level as possible for each generation of active members. The greater the level of overall plan funding, the larger the ratio of assets accumulated to the actuarial accrued liability and the greater the investment potential. The advantage of a well-funded plan is that the benefits earned by participants are funded during their working careers and not by future generations of taxpayers. To help reduce year-to-year volatility in employer contribution rates due to fluctuations in investment performance, StanCERA smooths the calculation of actuarial assets over a rolling five-year period. This not only stabilizes contribution rates but also improves the ability of the employer to plan for possible future increases or decreases in the rates.
StanCERA engages an independent actuarial consulting firm to conduct its annual actuarial valuation. In addition, triennially, StanCERA requests that its actuary perform an analysis of the appropriateness of all economic and non-economic assumptions. As a result of the actuary analysis, the Board of Retirement may approve certain changes to the actuarial assumptions.
Employer Rates:
Fiscal Year 2021-2022
Fiscal year 2020 – 2021
Fiscal year 2019 – 2020
Fiscal year 2018 – 2019
Fiscal year 2017 – 2018
Fiscal year 2016 – 2017
Fiscal year 2015 – 2016
Fiscal year 2014 – 2015
Fiscal year 2013 – 2014
Tier 6 – Effective 01/01/2013
Fiscal year 2011 – 2012
Fiscal year 2010 – 2011
Fiscal year 2009 – 2010
Annual Valuation:
Cheiron – Actuarial Valuation as of June 30, 2022
Cheiron – Actuarial Valuation as of June 30, 2021
Cheiron – Actuarial Valuation as of June 30, 2020
Cheiron – Actuarial Valuation as of June 30, 2019
Cheiron – Actuarial Valuation as of June 30, 2018
Cheiron – Actuarial Valuation as of June 30, 2017
Cheiron – Actuarial Valuation as of June 30, 2016
Cheiron – Actuarial Valuation as of June 30, 2015
Cheiron – Actuarial Valuation as of June 30, 2014
Cheiron – Actuarial Valuation as of June 30, 2013
Valuation as of June 30, 2012
EFI Actuaries – Actuarial Valuation as of June 30, 2011
EFI Actuaries – Actuarial Valuation as of June 30, 2010
EFI Actuaries – Actuarial Valuation as of June 30, 2009
EFI Actuaries – Actuarial Valuation as of June 30, 2008
Buck Consultants – Actuarial Valuation as of June 30, 2006
EFI Actuaries – PEPRA Implementation Study (Tier 6)
EFI Actuaries – Actuarial
Triennial Experience Study:
Cheiron, Experience Study for the Period July 1, 2018 Through June 30, 2021
Cheiron, Experience Study for the Period July 1, 2015 Through June 30, 2018
Cheiron, Experience Study for the Period July 1, 2012 Through June 30, 2015
EFI Actuaries, Experience Study for the Period July 1, 2009 through June 30, 2012
EFI Actuaries, Experience Study for the Period July 1, 2006 through June 30, 2009
Buck Consultants, Experience Study for the Period July 1, 2003 through June 30, 2006
StanCERA GASB:
StanCERA GASB 68 Report as of June 30, 2022
StanCERA GASB 68 Report as of June 30, 2021
StanCERA GASB 68 Report as of June 30, 2020
StanCERA GASB 68 Report as of June 30, 2019
StanCERA GASB 68 Report as of June 30, 2018
StanCERA GASB 68 Report as of June 30, 2017
StanCERA GASB 68 Report as of June 30, 2016
Cheiron GASB:
Cheiron GASB 67-68 Report as of June 30, 2022
Cheiron GASB 67-68 Report as of June 30, 2021
Cheiron GASB 67/68 Report as of June 30, 2020
Cheiron GASB 67/68 Report as of June 30, 2019
Cheiron GASB 67/68 Report as of June 30, 2018
Cheiron GASB 67/68 Report as of June 30, 2017
Cheiron GASB 67/68 Report as of June 30, 2016