25-0005
Receive and file the Fresno County Employees’ Retirement Association Actuarial Valuation and Review report (the Actuarial Valuation and Review report) as of June 30, 2024 by The Segal Group, Inc. (Segal), relating to the Fresno County Employees’ Retirement Association (FCERA); Approve and adopt the Board of Retirement’s recommended rate of interest, and employer and FCERA member contribution rates, for FY 2025-26 as provided for in the FCERA member contribution rates in Section 4, Exhibit 3 entitled “Member Contribution Rates,” the employer contribution rates in Section 2, Subsection F entitled “Recommended Contribution,” and the Administrative Expense Load percentage of Payroll rates in Section 4, Exhibit 1 of the Actuarial Valuation and Review report as of June 30, 2024, in accordance with Government Code sections 31453 and 31454; and Direct the County Administrative Officer to discuss with FCERA Staff the potential for FCERA’s smoothing of the unfunded actuarial accrued liability (UAAL) and associated employer contributions, in the upcoming Actuarial Valuation and Review report as of June 30, 2025, but not changing or impacting the Actuarial Valuation and Review report as of June 30, 2024 by Segal
- Committee
- Fresno County Employees' Retirement Association
- Requested by
- Fresno County Employees Retirement Association
- Introduced
- December 31, 2024
- On agenda
- February 25, 2025
- Passed
- February 25, 2025