The CPERS has issued a Request for Proposal to solicit proposals from qualified actuarial firms to serve as an independent actuary to perform a one-time actuarial and plan consulting review. Plan consulting services will include (but are not limited to): 1. Plan Review: a) Consult and advise the Retirement Board as to the actuarial soundness of the plan, its existing provisions and tiers, and provide recommendations on the structure moving forward that may provide for a more sound plan in the future. b) Present findings at a Retirement Board meeting in- person at CPERS choosing, no later than August 28th, 2025, including but not limited to: 1. Present a review of the existing overall plan, its funding status, benefit structure, and plan provisions as they relate to costs, soundness, risks, and short-term and long-term viability. 2. Assess the actuarial assumptions from the existing actuary and confirm the degree of reasonableness...
