18
Apr
2012

CalPERS to Phase in Employer Impact of Discount Rate Reduction

Categories: California Developments
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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.

The assumption change, which included the reduction of CalPERS’ discount rate to 7.5 percent from 7.75 percent, will result in employer rate increases of about 1 percent to 2 percent of payroll for most miscellaneous retirement plans and a 2 percent to 3 percent increase for most safety plans.

http://www.calpers.ca.gov/index.jsp?bc=/about/press/pr-2012/april/discount-rate-reduction.xml

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