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2024 Actuarial Experience Study for the Period Ending June 30, 2023
South Carolina Retirement Systems South Carolina Public Employee Benefit Authority GRS Retirement Consulting
South Carolina Retirement Systems
South Carolina Public Employee Benefit Authority
GRS Retirement Consulting
Abstract
This report includes a discussion of the recent experience of the System, it presents recommendations for updated actuarial assumptions and methods, and it provides information about the actuarial impact of these recommendations on the liabilities, contribution requirements, and the projected funding period. Section II of this report summarizes recommended changes. Section III contains findings and a more detailed analysis of recommendation for each actuarial assumption. The impact of adopting the recommendations on liabilities and contribution rates is shown in Section IV. Sections V through IX show a summary of the recommended assumptions for each System. Finally, Section X presents detailed
summaries of the data and comparisons of the A/E ratios. This study pertains to the following plans: South Carolina Retirement System, Police Officers Retirement System, Judges and Solicitors Retirement System, General Assembly Retirement System, South Carolina National Guard Supplemental Retirement Plan.
Issue Date
2024-06-26
Keywords
Valuation--South Carolina, Pensions--South Carolina, Retirement income--South Carolina, South Carolina Public Employee Benefit Authority--Finance, Actuarial science--South Carolina
Type
Rights
Records, documents, and information made available by the agencies of the South Carolina state government or its subdivisions are made accessible through the South Carolina State Library Depository and are protected under U.S. Copyright law (Title 17, U.S.C.) and South Carolina state law (Title 30 and 60, S.C.C.L.). Distribution rights are determined by the agency or author and users should contact the aforementioned for more information.
Digitization Specifications
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