Public Pension Costs: Potential Good News for Californians

The California Supreme Court has decided to hear the MCERA case, which as explained here potentially is good news for citizens. Now citizens should turn their attention to CalPERS’s board, which in February will decide on its consultant’s recommendation to use a 6.1% investment return assumption when establishing pension contributions. That decision will have a big impact on citizens and the MCERA case will take on even greater importance if CalPERS’s board doesn’t accept the recommendation.