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 General Employees’ Retirement System and its actuarial measurements. The report discusses how future measurements might differ from current ones due to various factors like changing assumptions or plan experience. It clarifies that evaluating the plan sponsor's ability to make contributions is outside the scope of this actuarial project. The current status is under review as part of a quarterly pension meeting. This process involves reviewing actuarial standards and risk measures related to the plan's financial condition. The work primarily involves actuarial analysis and reporting, with potential future implications for financial planning and management of the retirement system. Local businesses involved in financial services, consulting, and administrative support may find opportunities related to the management and oversight of such retirement systems.