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Retirement Actuarial Valuation Reports

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Disclaimer Regarding Financial and Operating Data

The City of Thousand Oaks adheres to the highest professional standards in all of its data gathering and processing activities. However, the information posted to the City’s website is not intended for use by investors or potential investors in securities issued by the City.  Please refer to the Municipal Securities Rulemaking Board’s Electronic Municipal Market Access (EMMA) website for official statements and continuing disclosure filings relating to the City’s debt obligations.  Please refer to the City’s Finance page for additional information regarding the City’s Investor Relations policies and the use of information posted on the City’s website.

CalPERS 

California Public Employees' Retirement System (CalPERS) retirement benefits are funded through contributions paid by contracting employers, member contributions, and earnings from CalPERS investments. Employer contribution requirements are determined by periodic actuarial valuations under state law. Actuarial valuations are based on the benefit formulas the agency provides and the employee groups covered.  

The City of Thousand Oaks' Annual Actuarial Valuation Reports are available on the CalPERS Public Agency Actuarial Valuation website.  Reports are organized by CalPERS ID, name, type, and county, and can be filtered by each of those categories using the search boxes. To locate the City of Thousand Oaks, type "Thousand Oaks City" in the "Name" search box. 

The City of Thousand Oaks' long-term obligations are disclosed in the City's Comprehensive Annual Financial Report (CAFR).

OPEB

Other Post Employment Benefits (OPEB) Actuarial Valuation Plans are provided to the City of Thousand Oaks every two years. Per Governmental Accounting Standards Statement Nos. 43 and 45, the City is required to have an actuarial valuation report prepared biennially. The purpose of this valuation is to determine the City's benefit obligations, funded status, and to calculate the Fiscal Year 2017-18 and 2018-19 Annual Required Contributions.

 For historical purposes, previous Actuarial Valuation Plans are available in the City's Imaging System.