When San Diego and San Jose put reforms on the ballot, their pension and retirement health care were 20 percent of the general fund. Another of the six big cities with their own pension systems, Los Angeles, now spends 20 percent of its general fund on retirement. The last big proposal f...
The rate increase would not begin to phase in until fiscal 2015-16 for the local governments in the giant California Public Employees Retirement System, 1,567 public agencies with 2,044 retirement plans. “Contributions that we need for the system really depend on the funded status of the plan...
Implicit in any new “enrollee choice” aremajor re-educational efforts complete with enrollee outreach campaigns, a majorcommitment to provider profiling, and the kinds of decision support tools andtechnologies that CalPERS has provided its members in its “retirementplanner”. The migration of this ...
No spension, I advocate to freeze, or if not possible, to VERY (think 50+%) materially reduce the value of FUTURE service Public Sector pension accruals because they are right now 2 to 4 times (4 to 6 times for Safety workers) greater in value upon retirement than those granted comparab...
Print North Carolina Form 5, "Withdrawing Your Retirement Service Credit and Contributions," and fill out your personal information including name, address and member ID. Check the box next to the refund option which most closely matches your wishes, keeping in mind that the state with retain 4...