{"id":263,"date":"2016-08-19T19:31:30","date_gmt":"2016-08-19T23:31:30","guid":{"rendered":"http:\/\/www.focus262.com\/blog\/?p=263"},"modified":"2016-08-19T19:31:30","modified_gmt":"2016-08-19T23:31:30","slug":"washington-state-actuary-discloses-liabilities-using-a-market-discount-rate","status":"publish","type":"post","link":"https:\/\/www.focus262.com\/blog\/2016\/08\/washington-state-actuary-discloses-liabilities-using-a-market-discount-rate\/","title":{"rendered":"Washington State Actuary discloses liabilities using a market discount rate"},"content":{"rendered":"

Quite by accident, a recent google search took me to the Washington State Actuary’s website<\/a> where they have a wealth of information, including interactive reports that allow you to view pension funded status under various metrics.<\/p>\n

Under statutory assumptions, the liability is around $78 billion. Using a 5% discount rate, according to the website, the liability increases to $114 billion, or by about $36 billion. The funded ratio\u00a0changes from being 92% funded to 63% funded – quite a jump!<\/p>\n

Washington’s Office of the State Actuary needs to be commended for making this information easily accessible. Such transparency is welcome and hopefully is emulated.<\/p>\n

\"Liabilities

Source: http:\/\/fiscal.wa.gov\/actuarydata.aspx<\/p><\/div>\n

\"Liabilities

Source: http:\/\/fiscal.wa.gov\/actuarydata.aspx<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Quite by accident, a recent google search took me to the Washington State Actuary’s website where they have a wealth of information, including interactive reports that allow you to view pension funded status under various metrics. Under statutory assumptions, the Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-263","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6zs9k-4f","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.focus262.com\/blog\/wp-json\/wp\/v2\/posts\/263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.focus262.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.focus262.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.focus262.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.focus262.com\/blog\/wp-json\/wp\/v2\/comments?post=263"}],"version-history":[{"count":16,"href":"https:\/\/www.focus262.com\/blog\/wp-json\/wp\/v2\/posts\/263\/revisions"}],"predecessor-version":[{"id":281,"href":"https:\/\/www.focus262.com\/blog\/wp-json\/wp\/v2\/posts\/263\/revisions\/281"}],"wp:attachment":[{"href":"https:\/\/www.focus262.com\/blog\/wp-json\/wp\/v2\/media?parent=263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.focus262.com\/blog\/wp-json\/wp\/v2\/categories?post=263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.focus262.com\/blog\/wp-json\/wp\/v2\/tags?post=263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}