CalPERS Reduces Amortization Period to 20 Years

Posted on 02/15/2018

Local governments in California continue to shoulder a bigger burden of risk, putting more financial strain on taxpayers. The board of the California Public Employees’ Retirement System (CalPERS) voted on February 14, 2018 to decrease the period on which actuarial losses and gains are amortized. The period was decreased from 30 years to 20 years. […]