Mendel, a Capitol reporter with decades of experience, now focuses on CalPERS and the California State Teachers Retirement System.
In Mendel’s June 1 post
, he examines how CalPERS is looking at a series of small rate increases for employers and employees in response to recent significant investment losses and the fact that the system is expected to have more retirees receiving benefits than active workers paying into the system. The piece provides background and includes a chart to illustrate the forecasted ratio of actives to retirees in the coming decades. Mendel also covers how CalPERS’ leadership is currently looking at two possible strategies to ensure the system’s long-term stability.
Webinars Offered June 3 and 4
CalPERS this week is offering two webinars
to brief members on the strategies. The 90-minute sessions, on June 3 and 4 from 1:30-3 p.m., will include both speakers and Q&A.
The League strongly urges cities to sign up for one of the webinars.