Pension Rate Stabilization

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?

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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.

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09
Jan
2017

Community College League of California Partners with PARS on Pension Prefunding

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

Community College League of California, in partnership with PARS, is offering community college districts the PARS-CCLC Pension Rate Stabilization Program (PRSP) — an innovative IRC Section 115 irrevocable trust designed to prefund pension costs and help districts get ahead of rising STRS/PERS rate increases.

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19
Oct
2016

County of Riverside Adopts PARS PRSP

Categories: California Developments,Pension Rate Stabilization

Riverside County is the latest county to adopt the PARS Pension Rate Stabilization Program - Section 115 Trust (PRSP)

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20
Aug
2016

Juggling Pension And OPEB Liabilities

Categories: California Developments,OPEB/GASB 45/75,Pension Rate Stabilization

The Alert – Public Agency Coalition by Amy Brown, August 15, 2016

Even though pension liabilities seem to get all the media attention with controversy forever surrounding issues like the appropriate discount rate, for years the experts have been telling

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