|For more information, please contact Faith Conley at 916.650.8117, or Betsy Hammer at 916.650.8108.|
CalPERS Requests Participation in Pension Prefunding Option Survey
CalPERS is considering what they describe as “a new program that would allow eligible California public agencies to set aside additional funds in a trust to prefund the employers’ annual required pension contributions to a defined benefit pension plan.” To that end, CalPERS is reaching out to public agencies to gauge the level of interest in a program like this, and to better understand how agencies currently approach these financial obligations. They survey is short and responses are anonymous.
The survey is available here: https://www.surveymonkey.com/r/G96S3G8. CSAC highly encourages participation to ensure that the new program will appropriately meet the needs of CalPERS counties.