July, 2012

31
Jul
2012

Legislative Alert July 2012

Categories: Legislative Updates

California's public pension funds continue to struggle as the economic recovery and stock market have been shaky. At the end of the fiscal year, both CalPERS and CalSTRS reported investment returns far shy of their anticipated rates.

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26
Jul
2012

California School Districts Find Budget Solutions with PARS Early Retirement Incentives

Categories: Early Retirement Incentives,Hot Sheets

As California school districts again struggled to balance their budgets during the 2011-2012 school year, many Districts turned to PARS to create money-saving early retirement incentive programs. Here are three districts that found solutions through the cost-cutting PARS Supplementary Retirement

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26
Jul
2012

Eastern Municipal Water District and Olivenhain Municipal Water District Achieve Savings with PARS Early Retirement Incentive

Categories: Early Retirement Incentives,Hot Sheets

As the state’s financial woes continue to impact agency budgets throughout California, Eastern Municipal Water District (EMWD) and Olivenhain Municipal Water District (OMWD) took proactive steps to face their problem head on.

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19
Jul
2012

CalPERS and CalSTRS Investment Returns

Categories: California Developments

CalPERS and CalSTRS reported their fiscal year investment return reports this past week. Both pension funds reported returns far below their assumed rate of 7.5%. CalSTRS reported earnings of 1.8% while CalPERS reported a 1% investment return.

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13
Jul
2012

The City of Santa Clarita Selects PARS As OPEB Trust Provider

Categories: Hot Sheets,OPEB/GASB 45/75

Santa Clarita discovered the size of its unfunded retiree healthcare liability by completing an actuarial report and then reporting the Other Post Employment Benefits (OPEB) obligation on its 2010-11 financial statements. The actuarial valuation outlined different scenarios that would enable

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