Valuation

This report presents the City of Taunton actuarial valuation findings as of January 1, 2016, under the Commonwealth of Massachusetts Retirement System.

The actuarial valuation is based on:
  • Provisions Chapter 32 of the Massachusetts General Laws, "M.G.L", as of January 1, 2016.
  • Employee data provided by the Retirement Board.
  • Asset information reported to the Public Employee Retirement Administration Commission by the Taunton Contributory Retirement System.
  • Actuarial assumptions approved by the Retirement Board.
  • The valuation and appropriation forecast are prepared in accordance with Chapter 32 of the M.G.L. as of January 1, 2016. The valuation and forecast do not account for:
  • Any subsequent changes in the law.
  • Chapter 32 of the M.G.L., Section 3(8)(c) transfers between systems.
  • State-mandated benefits Cost-of-living increases granted to retired members between 1982 and 1997. The cost of these benefits has been assumed by the State under Proposition Two and One-Half.
For a full copy of the system's latest valuation, as of January 1, 2016, please download the pdf below: .