District Of Columbia § 1-621.09b - Actuarial statement and opinion.
Full text of District Of Columbia D.C. Code § 1-621.09b — Actuarial statement and opinion., with citation guidance and answers to common questions.
§ 1-621.09b. Actuarial statement and opinion.
1-621.09bAs a part of the actuarial report presented to the Chief Financial Officer, the actuary shall prepare an actuarial statement. The statement shall contain:
The dates of the fiscal year and the most recent actuarial valuation;
The total amount of the contributions made by participants and the total amount of all other contributions, including the District payment, received for the fiscal year and for each preceding fiscal year for which the information was not previously reported;
The number of participants, whether or not retired, and beneficiaries receiving benefits covered as of the last day of the fiscal year;
The following information as of the date of the most recent actuarial valuation and, if available and sufficiently comparable so as not to be misleading, for at least the 2 preceding actuarial valuations:
The aggregate annual compensation of participants;
The actuarial value of assets of the Fund;
The actuarial accrued liability, if applicable;
The difference between the actuarial value of assets of the system and actuarial accrued liability, if applicable;
The actuarial value of assets of the system expressed as a percentage of actuarial accrued liability, if applicable;
The difference between the actuarial liability expressed as a percentage of the aggregate annual compensation of participants, if applicable; and
The actuarial assumptions and methods used in determining the information described in this paragraph and other factors that significantly affect the information described in this paragraph; and
Other information necessary to disclose fully and fairly the actuarial condition of the Fund.
The actuarial report shall also contain an opinion of the enrolled actuary on the actuarial statement attesting that:
To the best of the actuary’s knowledge the statement is complete and accurate;
Each assumption and method used in preparing the statement is reasonable, and the assumptions and methods in the aggregate are reasonable, taking into account (but not limited to) the experience of the benefits system; and
The assumptions and methods in combination offer the actuary’s best estimate of anticipated experience.
In formulating an opinion, the actuary may rely on the correctness of any accounting matter as to which any qualified public accountant has expressed an opinion, if the actuary so indicates.
The actuarial statement and opinion required by this section shall be included as part of the annual report required pursuant to .
For the purposes of §§ through , the term “benefits system” means the District’s system for funding and administering other post-employment benefits to annuitants.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 1-621.09b
What does D.C. Code § 1-621.09b cover?
Section 1-621.09b ("Actuarial statement and opinion.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 1-621.09b?
A common citation format is "D.C. Code § 1-621.09b" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 1-621.09b apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.