Text Size:   A+ A- A   •   Text Only
Find     
Site Image

Analysis of PERS Cost Allocation, Benefit Modification, and System Financing Concepts

This report is produced to support the PERS Board in its role as policy advisor to the Legislative Assembly on potential changes in PERS benefits. Concepts have not been evaluated for:

  • Impact to collective bargaining discussions
  • Relationship to workforce management objectives
  • Compliance with previous court rulings
  • Prospects for adoption by the 2013 Legislature

The intent of this report is to provide high-level information on how these concepts would affect PERS members and employers, and the potential impact on system funding, employer rates, member benefits, and administration.

 

Analysis of PERS Cost Allocation, Benefit Modification, and System Financing Concepts Report (Updated 2/14/13)

 

Appendix (Updated 2/14/13)

 

Analysis letters (from PERS' actuary, Milliman)

Annuitization Rate

Annuitization Rate 4% (Added 2/14/13)

COLA Change Concepts (and COLA cap cost savings explanation)

COLA Limit of $32,000 (Added 2/14/13)

Effect of UAL Amortization Rate

Eliminate Money Match

Investment Return Assumptions Financing

Member Contributions and Employer Pick-up

Out-of-State Tax Remedy Change Concept

Redirect Member Contributions

Remove Final Average Salary Factors

Senate Bill 754 (Added 3/18/13)

Senate Bill 822 (Added 3/28/13)

Senate Bill 822 Potential Impact to PERS Employer Rates (PERS analysis added 4/9/13)