Correspondence, reports, memos, drafts, and forms.

The Advisory Committee of Consulting Actuaries was established in 1960 to assist the Employee Welfare Funds Division in developing a program for actuarial review of pension funds. The committee consisted of three members who represented consulting actuary firms which served pension funds covered under chapter 211. Their work culminated that year in the development of an actuarial report form used in obtaining actuarial data for fund examinations. There was no further committee activity until 1968.

With the enactment of chapter 309, Laws of 1967, the commissioner received the clear authority to examine the actuarial status of employee welfare funds. Prompted by this legislation, the committee was re-established in 1968 to develop actuarial funding standards so the commissioner could report to participants in a fund if their plan was being funded in accordance with the standard and to develop a reporting form which was consistent with actuarial terminology and which clearly established the responsibility of the consulting actuary signing the form. The re-established committee consisted of five members. By the end of 1968, the Employee Welfare Funds Division concluded that the idea of developing a standard should be abandoned and that it should attempt, instead, merely to report the actuarial status of a plan to the fund participants.