November, 2012

12
Nov
2012

Potential Pension Fallout from Bankruptcy Filings by Cities

Categories: California Developments

The two articles below detail some of the potential pension fallout from the recent bankruptcy filings by California municipalities. According to bond rating firm Moody’s, financially troubled public agencies’ disputes with CalPERS over funding/distribution of retirement benefits may impact other

read more...
12
Nov
2012

L.A. City Council approves pension reform plan for city workers

Categories: California Developments

LA City joins other big cities including San Diego and San Jose in enacting major reforms for their local retirement systems. The Los Angeles City Council voted October 26 to adopt a new pension tier with higher retirement ages, increased

read more...
12
Nov
2012

Pension Reform: Delving into the Ambiguities of California’s New Law

Categories: California Developments,Legislative Updates

Questions remain regarding the newly enacted Public Employee’s Pension Reform Act (PEPRA) that will take effect very soon – January 1, 2013. The law applies mainly to new members of the retirement systems, but what impacts current employees is unclear

read more...
01
Nov
2012

Pension Reform Act has Minimal Impact on PARS Early Retirement Incentive Design for Community College Districts

Categories: California Developments,Early Retirement Incentives,Hot Sheets,Legislative Updates

The Public Employees Pension Reform Act (PEPRA-AB 340), enacted into law recently, restricts the way early retirement incentives can be designed. Fortunately, PARS for the last six years has innovatively designed all its community college district retirement incentives (or “SRPs”)

read more...
01
Nov
2012

Locally Controlled Retirement Incentive Plans Can Not Be “Offered” in Cities, Counties, and Special Districts per new Pension Reform Act

Categories: California Developments,Hot Sheets,Legislative Updates

As of December 31, 2012, cities, counties, and special districts will lose a valuable tool to prevent layoffs and reduce labor costs. Supplemental defined benefit plans,

read more...
Page 1 of 212

Archive

  • +2018 (3)
  • +2017 (10)
  • +2016 (26)
  • +2015 (60)
  • +2014 (41)
  • +2013 (28)
  • +2012 (56)
  • +2011 (43)
  • +2009 (1)
  • +2004 (2)