April 11, 2014
Editor's NoteFor a PDF copy of the newsletter please visit the League's website. For more updates from the League, follow us on Twitter and like us on Facebook.
League and CalPERS Staff to Request One Month Delay on Changes to Risk Pools to Brief Cities and Request FeedbackIn 2003 CalPERS implemented risk pooling to protect employers with less than 100 active members against large fluctuations in employer contribution rates caused by disabilities and other unexpected demographic events. The passage of the pension reform law (PEPRA) by the 2012 legislature effectively closed the existing nine risk pools to new members which now contain only employers with plans for “classic” (pre-PEPRA) employees. In November 2012, the CalPERS Board approved adding two new risk pools for the two formulas created by PEPRA, effective Jan. 1, 2013, but the question remained whether to maintain multiple (i.e., nine) closed pools for employers with classic employees or whether to collapse them down to a smaller number.
Pension Reform, Meetings and Events
California City Solutions: Antioch Creates Natural Burrowing Owl Preserve with New Community Center DevelopmentThis story is part of an ongoing series featuring Helen Putnam Award entries. These entries are also now available on the League’s website as a resource for cities in a searchable database called California City Solutions. Antioch’s Natural Burrowing Owl Preserve Project was submitted in 2013 for the Planning and Environmental Quality award category.
CA City Solutions, Environmental Quality
|1400 K Street ■ Sacramento, CA 95814 ■ (916) 658-8200
You can unsubscribe here: