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| July 28, 2015 Issue #72 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.Final CalPERS Webinar on Fund Risk and Volatility Set for July 30Additional CalPERS Rate Increases Being Considered to Reduce VolatilityIf you haven’t done so already, city officials will have their final opportunity this Thursday to receive a briefing by CalPERS staff on options the CalPERS Board of Administration is studying to reduce risk and volatility in the fund. Both strategies are intended to ensure the long-term sustainability of the fund and will have impacts to member and employer contributions in the future. It is important to note that taking no action may pose an even higher risk of rate increases in the future.Pension, Meetings and Events, Action Item Governor’s Administration Releases Proposal for Modernizing Groundwater Adjudication ProcessLegislation also ProposedThe primary method for solving groundwater disputes and protecting groundwater basins prior to the Sustainable Groundwater Management Act (SGMA) was litigation. When over-pumping led to a crisis, like seawater intrusion or chronic overdraft, people had little choice but to file a lawsuit, called an adjudication, in which all rights to water in a basin could be defined by a court.Water, Legislation |
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