Milliman performs an actuarial valuation of the Town of Glastonbury’s Plan as of July 1st each year to determine funding for the next fiscal year. The Pension Valuation report presents the results of their valuation.

The ultimate cost of a pension plan is the total amount needed to provide benefits for plan members and beneficiaries and to pay the expenses of administering the plan. Pension costs are met by contributions and by investment return on plan assets. The principal purpose of this Pension Valuation report is to set forth an actuarial recommendation of the contribution, or range of contributions, which will properly fund the plan, in accordance with applicable government regulations.

Pension Valuation Reports

Pension Actuarial Valuation Report for FY 2024 Budget

Pension Actuarial Valuation Report for FY 2023 Budget

Pension Actuarial Valuation Report for FY 2022 Budget