California Update
7:31 am
Thu April 18, 2013

CalPERS Approves Changes That Increase Cities' Costs

Most CalPERS benefit plans are currently between 65 and 80 percent funded. Board members say the accounting changes will fully-fund the system within 30 years.

The accounting changes will not affect what employees pay toward their benefits.

ALSO: Lawmakers blast public utilities commission head for anti-safety attitude.