What is an Actuarial Valuation?
valuation is a mathematical analysis performed by professional
actuaries. Valuations provide an appraisal of the funded status of the
Systems’ pension and insurance funds by estimating future liabilities and
assets at a given point in time. For KPPA, annual valuations are conducted
as of June 30, the end of our fiscal year.
KPPA's current actuary is GRS Retirement Consulting.
NOTE: House Bill 484, passed during the 2020 Regular Session of the Kentucky General Assembly, and House Bill 9, passed during the 2021 Regular Session of the General Assembly, transferred governance of the County Employees Retirement System (CERS) to a separate 9-member board of trustees. Another 9-member board of trustees called the Kentucky Retirement Systems (KRS) oversees the Kentucky Employees Retirement System (KERS) and the State Police Retirement System (SPRS). Following this split, KPPA is presenting separate actuarial valuations for each system. Actuarial valuations prior to 2021, which contain all three systems' valuations in one report, can be found below.