GERS Actuarial Valuation (Actuarial valuation as of October 1, 2014)
Government of the Virgin Islands Retirement System Actuarial Valuation and Review as of October 1, 2014 Copyright © 2015 by The Segal Group, Inc. All rights reserved. 333 West 34th Street New York, NY 10001 T 212.251.5000 www.segalco.com August 24, 2015 Board of Trustees Government of the Virgin Islands Retirement System GERS Complex St. Thomas, Virgin Islands, 00802 Dear Board Members: We are pleased to submit this Actuarial Valuation and Review as of October 1, 2014. It summarizes the actuarial data used in the valuation, establishes the funding requirements for fiscal year ending September 30, 2015 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 (GERS) under the supervision of Mr. Austin L. Nibbs, CPA. …
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