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Proposed CalPERS Changes Will Affect Employer Rates

Free Webinar Jan. 9

December 12, 2013
The League of California Cities and the California Society of Municipal Finance Officers are hosting a free webinar on Jan. 9 from 2:00 – 3:30 p.m. to review how proposed CalPERS changes will affect cities.
The CalPERS Board will consider and vote on numerous policy changes at its February 2014 meeting which could significantly impact employer contribution rates. The webinar will help local governments better understand the reason for changes to the discount rate and mortality assumptions and the potential impacts on rates. 
Speakers include:
  • Alan Milligan, chief actuary for CalPERS; and
  • Michael Coleman, League fiscal policy advisor. 
Register at www.cacities.org/events by noon on Jan. 6. Registration is limited to first 500 connections; one connection please per city, county, or special district. Webinar log-in information will be sent Jan. 8.
For registration questions, contact Megan Dunn.
Background information on CalPERS Asset Liability Management is available on the CalPERS website.

For details on the CalPERS changes refer to the CA Cities Advocate story on Dec. 4 “CalPERS Contemplates Changes that May Impact Employer Rates.”

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