Iowa Public Employees’ Retirement System 2001-2005 Experience Study, June 2006

The purpose of an actuarial valuation is to provide a timely best estimate of the ultimate costs of a retirement system. Actuarial valuations of IPERS are prepared annually to determine whether the statutory contribution rate will be sufficient to fund the System on an actuarial basis, i.e. the current assets plus future contributions, along with investment earnings will be sufficient to provide the benefits promised by the System to current members. The valuation requires the use of certain assumptions with respect to the occurrence of future events, such as rates of death, termination of employment, retirement age and salary changes to estimate the obligations of the System. The basic purpose of an experience study is to determine whether the actuarial assumptions currently in use are accurately predicting actual emerging experience. This information, along with the professional judgment of System personnel and advisors, is used to evaluate the appropriateness of continued use of the current actuarial assumptions. When analyzing experience and assumptions, it is important to realize that actual experience is reported short term while assumptions are intended to be long term estimates of experience.

Iowa Public Employee Retirement System Agency Performance Plan

Agency Performance Plan

Iowa Judicial Retirement System, June 30, 2002

State Agency Audit Report

Iowa Judicial Retirement System, June 30, 2003

State Agency Audit Report

Report of Recommendations to the Iowa Public Employees' Retirement System, June 30, 2003

State Agency Audit Report

Iowa Judicial Retirement System, Independent Auditor's Reports, Financial Statements and Required Supplementary Information, June 30, 2004

State Agency Audit Report

Report of Recommendations to the Iowa Public Employees Retirement System, June 30, 2004

State Audit Reports

Iowa Public Employees' Retirement System Performance Report, FY 2004

Agency Performance Report

Iowa Judicial Retirement System, Independent Auditor's Reports, Financial Statements and Required Supplementary Information, June 30, 2005

State Audit Reports

Iowa Public Employees' Retirement System Performance Report, FY 2005

Agency Performance Report

The Iowa Public Employee's Retirement System Notification Letter, July 12, 2006

State Audit Reports

Audit report on the Iowa Judicial Retirement System for the year ended June 30, 2006

Audit report on the Iowa Judicial Retirement System for the year ended June 30, 2006

Iowa Public Employees' Retirement System Performance Report, FY 2007

Agency Performance Report

Audit report on the Iowa Public Employees’ Retirement System for the year ended June 30, 2006

Audit report on the Iowa Public Employees’ Retirement System for the year ended June 30, 2006

Report on a review of selected general and application controls over the Iowa Public Employees’ Retirement System (IPERS) Benefits Administration System for the period April 23, 2007 through May 16, 2007

Report on a review of selected general and application controls over the Iowa Public Employees’ Retirement System (IPERS) Benefits Administration System for the period April 23, 2007 through May 16, 2007