April, 2012

27
Apr
2012

Legislative Alert – April 2012

Categories: Legislative Updates

 

…CALPERS TO PHASE IN CONTRIBUTION RATE INCREASES

Last month we reported that the PERS Board voted to lower its expected rate of return (discount rate) for investments from 7.75% to 7.5%. That assumption change will result in employer rate

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20
Apr
2012

School board approves incentive to entice about 90 teachers to retire

Categories: Early Retirement Incentives

Moorpark Unified School District officials, in an effort to reward senior faculty members for their service and save the district around $ 100,000 in payroll over the next five years, are encouraging about 90 teachers to retire early with a special incentive.

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18
Apr
2012

CalPERS to Phase in Employer Impact of Discount Rate Reduction

Categories: California Developments

The California Public Employees’ Retirement System (CalPERS) Board of Administration today adopted a policy to phase in the impact on employers of last month’s change in economic assumptions.

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10
Apr
2012

Cypress Council votes to move forward with PARS retirement incentive agreement

Categories: Early Retirement Incentives

At its regular meeting on April 9, the Cypress City Council voted 4-1 in favor of accepting language proposed by Public Agency Retirement Services (PARS) for a supplemental retirement plan (SRP) to implement an early retirement program.

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10
Apr
2012

57 School Employees to Retire Early Under Santa Barbara District’s Incentive Program

Categories: Early Retirement Incentives

Fifty-seven teachers, counselors, administrators and other school staff will retire early under the Santa Barbara Unified School District’s incentive program, which is expected to save the district $600,000 over the next five years.

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