Latest News

SOA Publishes Report on U.S. Public Pension Plan Contribution Indices from 2006-2014

On June 21, 2017, the Society of Actuaries (SOA) released its report, U.S. Public Pension Contribution Indices, 2006-2014.  The SOA introduced indices which are not generally used in the public sector and did not comment on their appropriateness for funding, financial reporting or any other purpose for these or other plans.  The SOA analyzed various…

NASBO Releases Spring 2017 Fiscal Survey of States

​On June 15, 2017, the National Association of State Budget Officers (NASBO) released their semi-annual report, The Fiscal Survey of States: Spring 2017.  The report updates information on the states’ fiscal conditions and presents aggregate and individual data on the states’ general fund receipts, expenditures, and balances.  The survey was conducted by NASBO and completed…

CMS Estimates Financial Effect of the American Health Care Act of 2017

On June 13, 2017, the Office of the Actuary at the Centers for Medicare and Medicaid Services (CMS) released its memorandum, Estimated Financial Effect of the “American Health Care Act of 2017.” The memorandum summarizes the Office of the Actuary’s estimates of the financial and coverage effects of selected provisions of the American Health Care…

Fitch Ratings Lowers Discount Rate for U.S. Public Pension Plan Liabilities

On May 31, 2017, Fitch Ratings released its report, Revised Pension Risk Measurements: Enhancing Pension Analysis in U.S. Public Finance Tax-Supported Rating Criteria. Fitch Ratings has changed its discount rate assumption for adjusting the reported defined benefit pension liabilities of most state and local governments.  The new pension liability discounted rate will be a fixed…