February, 2011

24
Feb
2011

Little Hoover Commission’s Pension Reform Proposals…

Categories: California Developments

The Commission urges the Legislature to pursue structural changes that realign pension costs and expectations of employees, employers and taxpayers.

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19
Feb
2011

Another County Joins the PARS OPEB Trust

Categories: Hot Sheets,OPEB/GASB 45/75

The County of Amador recently adopted the IRS-approved PARS 115 trust following in the footsteps of the Counties of Inyo, Merced, Mono, Shasta, Solano, Sonoma and Trinity

The County of Amador’s actuarial valuation in June of 2009 showed the costs

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19
Feb
2011

City of Roseville Saves Money with a PARS Early Retirement Incentive

Categories: Early Retirement Incentives,Hot Sheets

The possibility of layoffs recently prompted the City of Roseville to look for a more humane way to reduce its workforce.  With the help of PARS, the City designed a plan that offered an incentive for eligible City employees to

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16
Feb
2011

Reformers Zeroing in on Public Employee Retirement ‘Air Time’…

Categories: California Developments

Tens of thousands of state workers are taking advantage of a little-known perk known as “air time” that makes them eligible for up to five years of retirement pay for years they didn’t work.

http://taxdollars.ocregister.com/2011/02/16/reformers-zeroing-in-on-public-employee-retirement-air-time/75711/

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