CalPERS: Extra Contributions Can Yield Big Savings

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CalPERS: Extra Contributions Can Yield Big Savings
Calpensions

Dec. 15, 2014

"Annual CalPERS reports to 1,581 local government agencies this fall began showing estimates of future savings when extra payments, going beyond the required amount, are made to the pension fund....Newport Beach adopted a plan last year to pay off the unfunded liability earlier than the CalPERS standard of 30 years. But the savings were reduced by a CalPERS rate hike to cover an increase in the expected life span of retirees."

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