Pension Actuarial Valuations

We are pleased to provide the City's Actuarial Valuation Report for the South Miami Pension Plan (Plan). The purpose of these reports is to indicate appropriate contribution levels, monitor minimum funding requirements, comment on the actuarial stability of the Plan and to satisfy State and accounting requirements. 

These reports consist of commentary, detailed Tables I through XVI, the State Required Exhibit on Table XVII and a Glossary on Table XVIII. The Tables contain basic Plan cost figures plus significant details on the benefits, liabilities and experience of the Plan. We suggest you thoroughly review the report at your convenience.