Category Archives: Pension

Pension Posts and Articles

Managing Your Agency’s CalPERS Pension Liabilities

Municipal and special district employers, particularly their elected council and board members, continue to express concerns over the size of their agencies’ CalPERS “liabilities” and what can be done to mitigate them. Although there are several strategies to address pension … Continue reading

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When a Section 115 Pension Stabilization Trust is “Too Good To Be True”

To prepare for and manage significantly increased CalPERS employer contribution rates in the coming years, California public agencies  approved the establishment and funding of so-called “pension rate stabilization trusts.” Clients have asked for evaluations of the various turn-key programs being … Continue reading

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Money Purchase Pension Plans with an “Opt-in” Feature

Almost 4 years ago, we discussed an IRS private letter ruling that raised serious concerns about public agency money purchase pension plans. The ruling allowed employees to “opt-in” to, or elect, their own rate of employee contribution. It was expected … Continue reading

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Understanding Public Agency Participation in ERISA Multiemployer Pension Plans

Many California cities and public agencies negotiate with — and reach memorandums of understanding with —  their union bargaining partners on a regular basis. In some cases, these unions are local police or firefighter unions. In other cases, the bargaining … Continue reading

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How Is Liability-driven Investing Different?

The more you read about what has been going on in the private sector (in the U.S.) and in the public sector (in Europe) with respect to pension plan investing, the more you come across the concept of “liability-driven investment … Continue reading

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