The employer contribution to California’s state and local government pension systems will double, from $31 billion in 2018 to $59 billion by 2024. This estimate is based on aggregating official projections of cost increases issued by CalPERS to their participating agencies, and extrapolating those projections show the overall impact on all of California’s 87 government pension systems.
As reported in the CPC analysis “How Much More Will Cities and Counties Pay CalPERS?,” each of their participating agencies can now view detailed information on the financial status for each of their local pension plans by accessing the “Public Agency Actuarial Valuation Reports” issued by CalPERS actuaries...........To Read More....
As reported in the CPC analysis “How Much More Will Cities and Counties Pay CalPERS?,” each of their participating agencies can now view detailed information on the financial status for each of their local pension plans by accessing the “Public Agency Actuarial Valuation Reports” issued by CalPERS actuaries...........To Read More....
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