PSPP Annual Report and Financial Statements
Each year, PSPP publishes an annual report detailing the previous year's financial operations. The annual report includes financial statements, updates on Plan performance and investments, and a summary of operations.
The financial statements provide different information and results than actuarial valuations because they use different assumptions. Financial statements report the market value of the Plan's assets and liabilities, whereas actuarial valuations use a smoothed value of the Plan's assets and include a margin in the calculation of liabilities.