contribution rates

CalPERS Reduces Amortization Period with Impacts to Employer Contribution Rates

By Stephanie Lowe & Guest Author on March 1, 2018

This post was authored by Stephanie J. Lowe and Frances Rogers.

The California Public Employees’ Retirement System (CalPERS) recently decided to change its Actuarial Amortization Policy (“Amortization Policy”), which will impact employer contribution rates for contracting agencies. The revised Amortization Policy will go into effect for public agencies in the 2021-2022 fiscal year, which…

AB 1469’s Newly Enacted Fix For CalSTRS Unfunded Liability Means Increased Contribution Rates for Employers, Employees, and the State

By Guest Author on June 25, 2014

Posted in Education, Legislation, Retirement

This blog post is authored by Michael Youril

Every employer who has employees covered by the California State Teachers’ Retirement System (“CalSTRS”) is aware of the massive funding gap for the CalSTRS pension fund, and the need to stabilize funding for CalSTRS before the pension fund goes broke. At this time, the CalSTRS Defined Benefit…