April, 2017
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Apr
2017
Apr
2017
PARS Retirement Package entices 35 Moorpark Unified Teachers
Categories: California Developments,Early Retirement Incentives,PARS NewsAt 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.
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Apr
2017
Apr
2017
CalSTRS Unfunded Liability and State Contribution Rate Increases
Categories: California Developments,Pension Rate StabilizationOn 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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