The District of Columbia Retirement Board (DCRB) presents the results of the annual actuarial valuations of the District of Columbia Retirement Board Teachers’ Retirement Plan and Police Officers' & Firefighters’ Retirement Plan, prepared as of October 1, 2014.
The purpose of this report is to provide a summary of the funded status of each Plan as of October 1, 2014, to recommend rates of contribution to be paid by the District in the 2016 fiscal year. The information needed for this Plan under the new Governmental Accounting Standards Board Statement No. 67 was provided in a separate report. However, for informational purposes only, we have also provided accounting information under GASB 25 and 27 in Section VII of the report. While not verifying the data at source, the actuary performed tests for consistency and reasonability.