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What have we learned from the P. R. B
What have we learned from the P.R.B. Intensive Actuarial Review Process?
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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”?
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2. Would you have addressed the funding short fall if it had not been brought to your attention by the P.R.B.?
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3. What steps did you and the City agree on to address the issue?
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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.
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5. What benefit did this process have on the funding soundness of your fund?
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6. What would you like to see changed about this review?
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