welcome! thank you for joining us.knowledgecenter.csg.org/kc/system/files/csg ecademy - the... ·...
TRANSCRIPT
Welcome! Thank you for joining us.
Elizabeth Kellar, President & CEO,
Center for State and Local
Government Excellence
Today’s Participants:
• David Craik, Pension Administrator, Delaware
Public Employees’ Retirement System
(DPERS)
• Bert Scoglietti, Director of Policy, State of
Delaware, Office of Management and Budget
• John-Pierre Aubry, Associate Director of
State & Local Research, Center for
Retirement Research at Boston College
Delaware Public Employees’
Retirement System
David Craik, Pension Administrator
Bert Scoglietti, OMB Director of Policy
Statistics (as of 6/30/15)
Over $9.3 billion in the Delaware Public Employees’ Retirement System
Covers the following plans: State Employee State Police Judiciary
Over 36,000 active state employee members in these three plans
92.7% funding ratio for State Employees’ Pension Plan
“Strategies for Success”
Sustained commitment to funding the ARC
Cost of living adjustments (COLAs) are not embedded into the pension statute but are considered annually by the Legislature, and funded on a five year basis
Active board with deep expertise in finance
Partnership between executive and legislative branch on pension issues
Hot Topic Issues
Annual Required Contribution (ARC)
Quick resource for legislative inquires of surrounding States
Press inquiries
Used to help tell story to legislators, board members, public
11
14
51
34
37
9
0
10
20
30
40
50
60
< 7.2% 7.2% -7.25%
7.25% -7.5%
>7.5% -<8%
8% >8%
Nu
mb
er o
f p
la
ns
Distribution of Investment Return Assumptions
PPD Walkthrough
Jean-Pierre Aubry
Associate Director of State & Local Research
Center for Retirement Research at Boston College
QUESTIONS??
Elizabeth Kellar
David Craik
Jean-Pierre Aubry
