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Controller John Chiang, California State Controller's Office
Dec. 14, 2011
These model disclosure elements are meant to supplement rather than replace the current standards of practice. They represent an inventory of disclosure elements that actuaries should strive towards including in their reports on the actuarial valuations of public retirement systems in the State of California.
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| 2. |
Calpensions
Dec. 22, 2014
"The debt or 'unfunded liability' [California] state Controller John Chiang reported last week for state worker retiree health care, $72 billion, is larger than the unfunded liability for state worker pensions reported by CalPERS in April, $50 billion.... More than two decades ago legislation created a pension-like investment fund in the state treasurer's office to help pay for state worker retiree health care. But lawmakers never put money in the retiree health care fund."
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