This is a condensed version of the Comprehensive Annual Financial Report. It includes a summary of financial statements, an actuarial summary, and a snapshot of our membership and benefits paid. The PAFR also contains a summary of recently approved legislation that affects LASERS and its members.

Current:
Fiscal Year 2017-2018

Archive:
Previous Years

We are pleased to present the fourteenth Annual Investment Report for the fiscal year ending June 30, 2018. This report provides market and investment performance data by asset class.

Current:
2018 Annual Investment Report (PDF, 14.2 MB)

This report presents the results of the actuarial valuation of assets and liabilities, as well as funding requirements, for LASERS as of June 30, 2018. It was prepared in accordance with generally accepted actuarial principles and practices and reflects the actuarial present value of accrued benefits of the System. This valuation was adopted by the LASERS Board of Trustees at its September 2018 meeting and approved by the Public Retirement Systems’ Actuarial Committee (PRSAC) at its January 2019 meeting. Revisions to the valuation were adopted by the LASERS Board at its January 2019 meeting and approved by PRSAC at its February 2019 meeting.

Current:
Fiscal year 2017-2018 (Revised January 23, 2019*) (PDF, 1.8 MB)
*Actuarial Valuation Revision Letter (PDF, 130 KB)
Valuation Summary Sheet (PDF, 1.4 MB)

Archive:
Previous Years

By adjusting the discount rate, asset allocation, and amortization of the debt schedule, LASERS has built a solid path forward for the long-term future of the fund.

Current:
A Solid Foundation for the Future (PDF, 850 KB)

The Actuarial Experience Study for the period July 1, 2013 through June 30, 2018 compares the demographic and economic assumptions used during that time period to the actual experience. Recommendations for adjustments are made as appropriate for discrepancies.

Current:
Actuarial Experience Study 2013-2018 (PDF, 1.3 MB)