State 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

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

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”)

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,

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