California Developments

20
Feb
2018

City of Escondido Maps Out Pension Liability Plan

Categories: California Developments,PARS In the News,Pension Rate Stabilization

To combat the unfunded pension liability, the Escondido City Council approved a Section 115 Irrevocable Pension Trust, along with pension funding options and a policy on the use of one-time money. An initial deposit from the Reserve for PERS Rate Smoothing is required to fund the program. Escondido follows in the footsteps of 122 other public agencies including La Mesa, Coronado, National City and Solana Beach in implementing a Pension Stabilization Program. Public Agency Retirement Services (PARS) was awarded the agreement from the city.

read more...
27
Nov
2017

Need Budget Cuts? Consider an Early Retirement Incentive

Categories: California Developments,Early Retirement Incentives

School Services of California by Sheila G. Vickers, November 2017

As state revenues for education are slowing down, and as many schools and community colleges are declining in enrollment, we are hearing from many of you in the field that

read more...
10
May
2017

Does the CalSTRS Board Have Authority to Increase Rates After Last Statutory Increase?

Categories: California Developments,Pension Rate Stabilization

Does the California State Teachers’ Retirement System (CalSTRS) Board have the authority to make rate adjustments after the last statutory increase is implemented in 2020-21?

read more...
26
Apr
2017

PARS Retirement Package entices 35 Moorpark Unified Teachers

Categories: California Developments,Early Retirement Incentives,PARS In the News

At its April 11 meeting, the Moorpart USD board of trustees voted 4-0 to implement the PARS Supplementary Retirement Plan (SRP), a move that will reduce payroll costs and save the district millions over five years.

read more...
10
Apr
2017

CalSTRS Unfunded Liability and State Contribution Rate Increases

Categories: California Developments,Pension Rate Stabilization

On April 6, 2017, the California State Teachers’ Retirement System (CalSTRS) Board adopted the latest actuarial valuation of the retirement system. Despite increases in contribution rates by members, employers, and the state, the funded ratio decreased from 68.5% to 63.7%, and the unfunded actuarial obligation (commonly called the unfunded liability) increased from $76.2 billion to $96.7 billion.

read more...
Page 1 of 2312345...1020...Last »

Archive

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