Nova 401(k) Associates
Compensation Strategies Group, Ltd.
Nicholas Pension Consultants
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|CalPERS Looks at Long-Term Contribution Rate Hike to Cut Risk|
June 1, 2015
"CalPERS is considering small increases in employer and employee rates over decades to reduce the risk of big investment losses, a policy that also would lower [the 7.5%] earnings forecast [which] critics say is too optimistic. The proposal is a response to the 'maturing' of a CalPERS system that soon will have more retirees than active workers. From two active workers for each retiree in 2002, the ratio fell to 1.45 to one by 2012 and is expected to be 0.8 to 0.6 to one in the next decades."
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