The California Public Employees’ Retirement System (CalPERS) is offering a repeat of the recent “Risk Mitigation Strategies” webinar. CalPERS is seeking feedback from contract employers about strategies under consideration that are designed to reduce risk and volatility in the pension fund. These potential strategies are intended to ensure the long-term sustainability of the system and could have impacts to employer and member contributions in the future.
Over the past few months, this important issue has been an ongoing discussion at CalPERS. Many public agencies throughout California continue to face budget challenges and CalPERS is interested in feedback about how best to achieve the Fund’s objective of to pay future retirement benefits. These are complex issues to weigh, including for example short-term versus long-term costs, and volatility vs. predictability.
Maturity levels (aging participants) are at their high levels. Risk mitigation will benefit employers and members in the long term. Risk mitigation may be achieved without short term increases in cost but cannot be done without gradually increasing member and employer contributions over time. However, no risk mitigation could end up being far more costly.
Stakeholders’ comments will be shared with the CalPERS Board. The CalPERS staff is scheduled to propose policy in the fall.
CalPERS Webinars
Thursday, July 9
9:00 a.m. – 10:30 a.m.
OR
Thursday, July 30
1:30 p.m. – 3:00 p.m.