CalPERS Leadership Update – Focus on the Future*
Pension costs are among the most pressing concerns for municipalities in California. Balancing the need to honor pension obligations to employees while at the same time ensuring adequate funding to perform core services for communities is an increasingly frequent topic on council meeting agendas. In this session, CalPERS leadership will provide an update on investment strategies designed to maximize investment returns in what is anticipated to be a challenging financial marketplace in the coming years. Other topics include employer cost projections and funding levels, unfunded accrued liability (UAL) payment strategies, the financial necessity provisions in the new amortization policy, and a look at the political landscape impacting pensions in 2019.
Speaker: Marcie Frost, Chief Executive Officer, California Public Employees’ Retirement System