Retirement System Sustainability Resources for Cities
Oct 5, 2017
Each item included on this six-tab webpage is useful to those trying to learn more about the defined benefit system and understand the challenges facing cities, their employees and their residents. Some resources to note are:
- A new fact sheet with an overview of the growing pension gap, background on CalPERS and its funding structure, reasons behind rising contribution rates, as well as what is at stake for cities and their employees.
- League Executive Director Carolyn Coleman’s October 2017 Western City column, “Stopping the Runaway Pension Train.”
- Testimony by city managers and city staff, and League staff before the CalPERS Finance and Administration Committee on Sept. 19, 2017.
- Information on the discount rate (assumed rate of return) reduction and associated timeline.