An actuarial valuation is a type of appraisal of an insurance plan, post-employment benefits program, or pension fund’s assets versus liabilities, using investment, economic and demographic assumptions for the model to determine the funded status of the plan. The assumptions used are based on a mix of statistical studies and experienced judgment.
Napa County Mosquito Abatement District has actuarial studies performed to help it assess the level of risk and debt associated with its long-term financial commitments associated with pensions and post-employment benefits (e.g. medical for retired staff).
OTHER POST EMPLOYMENT BENEFITS (OPEB)
CalPERS PENSION REPORTS