CSAC Bulletin Article

CalPERS’ Discount Rate Open for Discussion Once Again

September 7, 2017

A series of critical meetings will be taking place at the California Public Employees’ Retirement System (CalPERS) headquarters over the course of the next three months where the Board of Administration and its Steering Committees will consider changes to the system’s actuarial assumptions, investment strategy, and the current discount rate (adjusted last December to gradually lower from 7.5% to 7%).

CSAC will be closely tracking these conversations and will keep counties apprised of new developments. The first in the series of these meetings will be taking place September 18-20 (an agenda will be posted 10 days prior to the meeting). To watch the live webcast video of the hearing, use that same link and scroll to the bottom of the page. The recorded version can also be viewed after the fact on the CalPERS YouTube page.

Please contact Dorothy Johnson or Tracy Sullivan with any questions or concerns.

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