Introduction
Pension Reform Activity
The topic of pension reform is complex and needs to be fully understood in order to make an informed decision. In an effort to continue to educate our members on issues surrounding public pension funds, we are periodically updating the Pension Reform Educational Section on the SCERA website.
Post Employment Benefits Commission
Governor Schwarzenegger formed the Public Employee Post Employment Benefits Commission (PEBC) in December 2006 and the Commission provided a report to the Governor and the Legislature.
On January 7, 2008, the Commission sent out a press release announcing a comprehensive eight point plan to address pension and retiree health care obligations. The full report is available on the Public Employee Post-Employment Benefits Commission website, including an Executive Summary on pages 5 – 11. (see the link below)
- Public Employee Post-Employment Benefits Commission Website (full report available)
Informational Resources
EFI Actuaries Comparison (1.52 Mb) - Profitable Prudence: The Case for Public Employer Defined Benefit Plans (Pension Research Council) (1.05 Mb)
- A Better Bang for the Buck – The Economic Efficiencies of Defined Benefit Pension Plans (National Institute on Retirement Security – NIRS) (987k)
- In It for the Long Haul – The Investment Behavior of Public Pensions (NIRS) (343k)
- Look Before You Leap - The Unintended Consequences of Pension Freezes (NIRS) (209k)
- Pensionomics – Measuring the Economic Impact of Public Plans (NIRS) (1.47 Mb)
Websites
- State Association of County Retirement Systems Website (SACRS)
- National Institute on Retirement Security (NIRS)
- Pension Research Council (PRC)
- National Association of State Retirement Administrators (NASRA)
These documents are saved
in Adobe Acrobat Format. If
you do not own a copy of Acrobat Reader,
you may Visit
our page to download Acrobat Reader.