Chart courtesy of authorCalPERS Actuarial Report Data – Cities and Counties. To download the excel spreadsheet go to https://californiapolicycenter.org/much-will-cities-counties-pay-calpers/. ■ By Edward Ring / Contributed When speaking about pension burdens on California’s cities and counties, a perennial question is how much are the costs going to increase? In recent years, California’s biggest pension system, CalPERS, has offered “Public Agency Actuarial Valuation Reports” that purport to answer that question. Notwithstanding the fact that CalPERS predictive credibility is questionable – i.e., they’ve gotten it wrong before – these reports are quite useful. Before delving into them, it is reasonable to assert that what is presented here, using CalPERS data, are best case scenarios.
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