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Winners, Losers as CalPERS Shuffles Risk Pool Rates
Calpensions
May 27, 2014
"The CalPERS board, responding to a problem caused by the governor's pension reform, approved a rate change last week for about 1,200 local governments that have plans with less than 100 active members. The change reduces the rate increase most employers would get under a dozen old 'risk pools'... But the board action combining all of the plans into two risk pools, including new hires given lower pensions by the reform, gives some plans what will be the fourth rate increase in recent years."
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