Pension Analysis

Act 100 of 2016 transferred the responsibility for providing actuarial notes on legislation proposing changes to public employee pension or retirement plans to the Independent Fiscal Office (IFO). The actuarial notes provide information to the members of the General Assembly and the public regarding the financial and actuarial effects of legislation under consideration.

All actuarial notes issued by the IFO will be posted on this page. The actuarial notes issued by the former Public Employee Retirement Commission (PERC) also will be listed.

IFO Releases

Financial Impact of SERS Pre-Funding Option

June 09, 2022 | Pension Analysis

The IFO published a new research brief that examines the impact of Act 105 of 2019, which allows certain SERS employers the option to pre-fund their unfunded liabilities. The analysis finds that the two participating employers effectively locked in roughly $1 billion of nominal savings over thirty years while all SERS employers are projected to save an additional $300 million (nominal). The savings are due to very strong returns realized on advance payments made in 2020 and 2021.

Tags: brief, pension, research

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