CalPERS Recommends Changes to Funding Policy

04-03-2013 |

CalPERS Recommends Changes to Funding Policy

CalPERS Chief Actuary proposed new rate smoothing and amortization methods at the March 2013 CalPERS Board meeting. Likely to be approved in April, these changes will significantly increase public agency rates effective FY 2015/16.  In addition, the Chief Actuary discussed further potential increases in rates if the discount rate and mortality assumptions are changed.  How will your rates be affected?

CalPERS Issues Update March 2013 – CALPELRA Alert