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In order to bring all STRS policies into line with financial and actuarial realities we must efficiently discover them. To that end, while we continue using five-year reports with annual revisions of our actuarial assumptions, we must verify the data on a quarterly basis to avoid problems with revenue streams associated with demographic surprises. Any investment or actuarial report that occurs less than annually invites economic disadvantage in most markets and keeps us intermittently ignorant of demographic trends and business cycles of all types. |
