SamCERA engages an independent actuarial consulting firm to
conduct two separate actuarial studies: the actuarial valuation
and the triennial report.
In the annual valuation, the actuary compares the total valuation
assets of SamCERA with its total liabilities for all plans.
Based on the valuation, the actuary recommends the contribution
rates for the following fiscal year.
Every three years, SamCERA requests that its actuary perform an
analysis of the appropriateness of all economic and non-economic
assumptions. This analysis is referred to as the “Actuarial
Experience Study” or “Triennial Report.”