Being prepared for retirement is more than just reaching a certain
age or having a certain amount of money set aside. It is a process
of understanding the risks of moving from work into retirement.
Risks associated with living longer, protecting our assets against
inflation, allocating more money to maintaining health, and un-derstanding
market risks as we invest into our retirement years.
Retirement planning goes beyond just dollars and cents. Finances
are certainly important, but what else is there to consider? How
will I replace the meaning and engagement from our work and
other daily social interactions? Am I prepared for a retirement
of 20-30 years or more? How well am I protected against the
risk of getting sick and prepared for end-of-life issues? Once we
begin to approach retirement planning in this way, we will have
a better sense of how to define retirement successfully from our
own point of view.
47 2012 Certification of Actuarial Valuation
49 Summary of Results
50 Analysis of Financial Experience
51 Solvency Test
52 Schedule of Active Member Valuation Data
52 Schedule of Retirants, Disabled Retirants and
Beneficiaries Added to and Removed from Rolls
53 Summary of System Provisions
55 Summary of Actuarial Assumptions and Methods