“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|California Public Employees' Pension Bill Will Increase After CalPERS Lowers Market Expectations|
The Center Square
Nov. 18, 2021
"The CalPERS board voted Monday to select a portfolio with a return of 6.8% and an expected volatility rate of 12.1%. This expected rate of return is two-tenths of a percentage point lower than last year's target of 7%.... [CalPERS estimates that] employees hired after the implementation of the Public Employees' Pension Reform Act (PEPRA) in January 2013 ... will contribute an average of 1.2% to 1.5% more toward their pensions."
|Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).|
|An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).|