3. The measurement would produce a different result if the Market Value of Assets (MVA) were used

Quarterly Pension Meeting · 2026-05-26 · agenda_item

This item concerns the City of Jacksonville Beach Police Officers’ Retirement System and its actuarial measurements. The report discusses risks related to measuring the system's accrued liability and determined contributions, which rely on assumptions about future economic and demographic experiences. It explains that future measurements could differ from current ones due to various factors, including plan experience, changes in assumptions, or modifications in plan provisions or laws. The scope of this actuarial valuation does not include an analysis of the potential range of future measurements or an evaluation of the plan sponsor's ability to make required contributions. This is an early stage review of actuarial standards and risk measures, not a construction project. Therefore, there are no immediate construction-related opportunities for contractors, trades, or suppliers at this time.