Meeting_Body
PTSC-MTA RISK MANAGEMENT AUTHORITY
APRIL 29, 2026
Subject
SUBJECT: ANNUAL ACTUARIAL STUDY 2024-2025
Action
ACTION: RECEIVE AND FILE
Heading
RECOMMENDATION
Title
RECEIVE and FILE the Annual Actuarial Study 2024-2025.
Issue
ISSUE
PRMA utilizes the services of the actuary to ensure the appropriate levels of retention are established, monitored and maintained.
Discussion
DISCUSSION
PRMA is a California Joint Powers Authority (JPA) which is required to establish and monitor reserves at acceptable confidence levels to ensure the appropriate financial reserves and performance.
Next_Steps
NEXT STEPS
The Annual Actuarial Study 2024-2025 is provided to the members of the Board for information. The report is attached as Attachment A.
Attachments
ATTACHMENTS
Attachment A - Annual Actuarial Study 2024-2025
Prepared_by
Prepared by: William Douglas, Director, Risk Financing, (213) 922-2105
Reviewed_By
Reviewed by: Kenneth Hernandez, Chief Risk, Corporate Safety and Asset Management Officer, (213) 922-2990