Actuarial Assessment of Retirement Systems for Government and Judicial Employees

Description:

This valuation report is only an estimate of the financial situation of the system as of a single date. Neither the future condition of the system can be predicted nor can it guarantee future financial strength. Actuarial valuations do not affect the final cost of the benefit system. While the assessment is based on a series of reasonable individual assumptions, other sets of assumptions can also be reasonable results, and the assessment based on those assumptions would be different. No single set of assumptions is correct. Determining outcomes using alternative assumptions is beyond the scope of our commitment.

Objective:

The main objectives of this report are: to provide the required annual contribution, annual pension cost, and annual cost of Other Post-Employment Benefits (OPEB) for the Fiscal Year ending June 30 of each year, based on relevant statements from the Governmental Accounting Standards Board (GASB); Present information regarding the operation of the inclusion plan in the financial statements

Main Variables

No. Employees of the Government of Puerto Rico and Number of Judges of the Government of Puerto Rico

Frequency of release of the report:

Yearly

Reference Population:

Active participants, retirees and beneficiaries of the Government of PR.

Product:

This product contains no files.

History:

This product contains no history.

Share this article:

Economy and Finance

Agency

Administración de los Sistemas de Retiro de los Empleados del Gobierno y la Judicatura (ASR)

Contact Information

Contact:

Ángel Díaz Agosto

Position:

Director, Office of Actuarial Studies and Investments

Telephone:

787-754-4545 Ext. 1292

Fax:

Email:

adiaz01@retiro.pr.gov

By subscribing you will begin to receive our products and services free of charge directly to your email.

 Subscribe

Act No. 209-2003, as amended, created the Puerto Rico Institute of Statistics as an autonomous governmental entity with the task of coordinating the Government's statistical production service to ensure that the systems for collecting data and statistics, on which public policies are based, are complete, reliable and accessible quickly and universally.