What have we learned from the P. R. B

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Presentation transcript:

What have we learned from the P. R. B What have we learned from the P.R.B. Intensive Actuarial Review Process?

1. How did your fund become aware that you were subject to a “Funding Soundness Restoration Plan” as defined by the P.R.B. and subject to an “Intensive Actuarial Review”?

2. Would you have addressed the funding short fall if it had not been brought to your attention by the P.R.B.?

3. What steps did you and the City agree on to address the issue?

4. Describe your experience with the P. R. B 4. Describe your experience with the P.R.B. staff, actuarial committee and the full board.

5. What benefit did this process have on the funding soundness of your fund?

6. What would you like to see changed about this review?