GERS Actuarial Valuation (Actuarial valuation as of October 1, 2016)
Government Employees' Retirement System of the Virgin Islands Actuarial Valuation and Review as of October 1, 2016 Copyright © 2017 by The Segal Group, Inc. All rights reserved. 333 West 34th Street New York, NY 10001-2402 T 212.251.5000 www.segalco.com August 21, 2017 Board of Trustees Government Employees' Retirement System of the Virgin Islands GERS Complex St. Thomas, Virgin Islands, 00802 Dear Board Members: We are pleased to submit this Actuarial Valuation and Review as of October 1, 2016. It summarizes the actuarial data used in the valuation, establishes the funding requirements for fiscal year ending September 30, 2017 and later years and analyzes the preceding year's experience. This report was prepared in accordance with generally accepted actuarial principles and practices at the request of the Board to assist in administering the Retirement System. The census information and financial information on which our calculations were based was prepared by the staff of the Government Employees’ Retirement System of the Virgin Islands (GERS) under the supervision of Austin L. …
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