Executive committee schedules June briefing on actuarial valuation, PCERS animal-control study and Plan 3 overview

Chair Senator Conway summarized the items staff would schedule for June: a preliminary 2025 actuarial valuation with commentary on the demographic experience study, an initial briefing on a possible PCERS study of animal-control technician classifications, and an introductory presentation on Plan 3.

"Again for the record, Michael Harbor, actuary for OSA," Michael Harbor said as he previewed the valuation presentation and said actuarial resources are limited this interim. Staff agreed to pencil in a June briefing on the PCERS animal-control question and an introductory Plan 3 briefing with a plan-vs-plan side-by-side for context.

The committee formally approved a three-item June agenda (preliminary 2025 actuarial valuation results; PCERS animal-control briefing; Plan 3 overview), the motion was moved and seconded, and the committee adopted the agenda by voice vote. Chair Conway then adjourned the meeting.

Why it matters: The actuarial valuation will provide data that informs contribution-rate recommendations; the PCERS animal-control study could change enrollment classifications and will likely require actuarial analysis; the Plan 3 overview aims to clarify enrollment and structural differences for future policy choices.