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Cost of Changes in Retirement Plans

02-27-2019 |

California State Controller's Office article describing cost of retirement plan changes with assistance from California Actuarial Advisory Committee

Many agencies ask us what is the true "cost" due to changes that will affect that agency's valuation of retirement benefits.  There are two main ways to analyze and value this cost and are described well in the following California State Controller's Office (SCO) release with assistance from the California Actuarial Advisory Committee (CAAP): 
https://www.sco.ca.gov/Files-ARD/BudLeg/SCO%20Gov%20Compensation%20Database%20Letter%20100917.pdf

Other CAAP resources can be found here: 

https://www.sco.ca.gov/caap_resources.html

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