The League supports and continues to advocate for secure defined benefit pension plans and the reforms that will allow them to flourish through the next century of public service. Cities can do their part by preparing to complete the League’s upcoming pension survey when it is distributed to city officials on Sept. 4.
The 2019 survey is consistent with the League’s Strategic Goal to Promote Sustainability of Public Pension and Retirement Health Benefits, and will continue advancing public awareness of the impacts that rising pension obligations, compounded by recent changes in CalPERS policy and below target market returns, have on cities now and in the future.
Complete the Survey by Sept. 27
Pension system sustainability is critical to California cities, their employees, and the communities they serve. City managers and fiscal officers are urged to support the League’s efforts by completing the survey and doing outreach to neighbor cities and colleagues to ensure they are also represented in the survey results and study.
Survey Information Will Be Included in 2019 League Retirement System Sustainability Study
The League has again retained the services of Bartel Associates, LLC a leading California actuarial firm serving public sector agencies, to update the information contained in the 2018 League of California Cities Retirement System Sustainability Study
, based on the most recent CalPERS actuarial data from 2019.
The 2018 Pension Study provided strong evidence to the public and state policy makers that pension costs for cities are approaching unsustainable levels. Specifically, the 2018 study revealed that:
1. Rising pension costs will require cities over the next seven years to nearly double the percentage of their General Fund dollars they pay to CalPERS;
2. For many cities, pension costs will dramatically increase to unsustainable levels; and
3. Increasing pension costs as a percentage of General Fund spending will affect cities even more than the state.
When the 2019 survey is released, the League will provide instructions and FAQ documents, and League staff and Bartel Associations LLC will also be available to answer questions and provide assistance.
Additional Pension-Related Information