News

Creation of Two New Risk Pools due to the Public Employees’ Pension Reform Act 11/14/12

12-07-2012 |

CalPERS staff has recommended to the CalPERS Board that two new risk pools be created in response to PEPRA. Risk pools apply to plans of employers with less than 100 active members. One risk pool would be created for new miscellaneous members subject to PEPRA’s 2% at 62 formula, and the second would be for new safety members subject to any of the new PEPRA benefit formulas. This proposal will be considered at the Pension and Health Benefits Committee meeting November 14, 2012.

http://www.calpers.ca.gov/eip-docs/about/board-cal-agenda/agendas/pension/201211/item-6a.pdf

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