Oregon Administrative Rules
Chapter 459 - OREGON PUBLIC EMPLOYEES RETIREMENT SYSTEM
Division 5 - ADMINISTRATION
Section 459-005-0060 - Standards for the Adoption of New Actuarial Equivalency Factors
Universal Citation: OR Admin Rules 459-005-0060
Current through Register Vol. 63, No. 9, September 1, 2024
(1) When the Board adopts actuarial equivalency factors pursuant to OAR 459-005-0055(3), the Board must consider:
(a) Changes in mortality to
reflect the best actuarial information on mortality available at the time that
new actuarial tables are adopted; and
(b) Changes in the assumed rate adopted by
the Board for the latest actuarial valuation if they are determined by the
Board, in consultation with the PERS actuary, to be statistically
significant.
(2) The mortality tables must be combined with respect to gender and membership classification to derive unisex actuarial equivalency factors. The blending of the mortality assumptions shall be performed by the Board's consulting actuary in accordance with generally recognized and accepted actuarial principles and practices.
Stat. Auth: ORS 238.630 & 238.650
Stats. Implemented: ORS 238.607 & 238.630
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