Topic: Pensions and Retirement

PERA Receives Preliminary Valuation Results for Defined Benefit Plans

(Published Aug 31, 2015)

Despite a lower-than-anticipated investment performance, the General Plan funding ratio increased as measured on an actuarial basis.

Omnibus Pension Bill Signed into Law

(Published Jun 1, 2015)

The bill does not include any PERA General Plan contribution increases for 2016.

2015 Omnibus Pension Bill Takes Shape

(Published Mar 30, 2015)

The Pension Commission also adopted a resolution last week overriding a contribution increase recommendation.

Pension Groups Introduce Bills to Modify Automatic Contribution Increases

(Published Feb 9, 2015)

The proposed legislation would provide public pension plans with more flexibility.

PERA Recommends General Plan Contribution Changes

(Published Jan 12, 2015)

The recommended increase is less than the maximum authorized under state law but, by some measures, may not be needed.

Preliminary Valuation Report Shows Improvement for PERA Plans

(Published Aug 25, 2014)

Strong investment performance increases funding level, but future post-retirement benefit restoration may bring additional General Plan contribution increases.