Despite a lower-than-anticipated investment performance, the General Plan funding ratio increased as measured on an actuarial basis.(Published Jun 1, 2015)
The bill does not include any PERA General Plan contribution increases for 2016.(Published Mar 30, 2015)
The Pension Commission also adopted a resolution last week overriding a contribution increase recommendation.(Published Feb 9, 2015)
The proposed legislation would provide public pension plans with more flexibility.(Published Jan 12, 2015)
The recommended increase is less than the maximum authorized under state law but, by some measures, may not be needed.(Published Aug 25, 2014)
Strong investment performance increases funding level, but future post-retirement benefit restoration may bring additional General Plan contribution increases.