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Letter to Actuarial Standards Board from National Public Employee Pension Associations Regarding Actuarial Standards of Practice (ASOPs) (PDF)
National Association of State Retirement Administrators [NASRA]; National Conference on Public Employee Retirement Systems [NCPERS]; and National Council on Teacher RetirementLink to more items from this source
June 14, 2015

"The high profile cases of public plans facing significant financial hardships [1] are not representative of the common condition and [2] did not arrive at their current condition due to shortcomings in ASOPs. Those problems can almost totally be ascribed to plan sponsor contributions at something significantly less than the [actuarially determined contribution] over protracted periods."

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