090105 - Laserfiche WebLink

Browse Search

retirement benefits: 1. Your contribution—most members of UPERS pay for a portion of their retirement by making a contribution from their paycheck. 2. Your employer—this contribution can change each year. Your employer makes a contribution toward your retirement and the amount depends on how well CalPERS investments perform. 8. Investment earnings—this is the last funding source and the most important. The better CalPERS investments perform, the less employers and taxpayers have to pay. More than 75% of income to fund pensions came from good investment earnings during the last decade. 'ith CalPERS new plan, the State will .y $186 million less in pension costs for ate employees and $77 million less for hool in the fiscal year that begins July 1, mpared with the previous year. Public encies will see the effects starting in ly 2006. a1PERS Investments Gain 12.7% ews for CalPERS members and aployers got even better recently. dPERS earned a 12.7 percent return i its investments for the one-year -rind ended June 30, 2005, raising it portfolio's market value to a record 89.8 billion. Our strong performance, mbined with our new employer rate ioorhing policy, will result in more KM30 ltd g lh'l�D 2, "In f 4T�'rr d stable and lower employer contriburion rates in the future for the State of California and public agency employers. The Latest on Pension Security CalPERS Board is also considering establishing rainy day accounts for employers. Employers would pay a minimum contribution each year despite fluctuations in the market. The reserve account could be used when rates rise. The legislative bills introduced by Assemblyman Richman failed in the legislature, but the Governor continues to say that he will place an initiative on the ballot next June if the pension issues are not resolved in the legislature. v No doubt, you have been asked a lot of questions about the pension debate. Who pays for Ca;PERS retirements' Now much do rnem' hers make in retirerrient? is a 401 (k) better? We have received the same questions from many of our members, retirees, er effort to answer those questions and keep you informed, .CalPERS has develol Information Center" on our web site at wimmeafpemea.gov.The center is full about pensions. It also outlines the pros and cons of defined benefit and :defin Take some time today to learn more about your pension, and be prepared to e true value of CaIPERS and your pension. D-1 --0__-4..X1_,- L pension security `' ,' x ` How CaIPESS is Funded i There are three primary funding sources to make sure that CalPERS has money to pay retirement benefits: 1. Your contribution—most members of UPERS pay for a portion of their retirement by making a contribution from their paycheck. 2. Your employer—this contribution can change each year. Your employer makes a contribution toward your retirement and the amount depends on how well CalPERS investments perform. 8. Investment earnings—this is the last funding source and the most important. The better CalPERS investments perform, the less employers and taxpayers have to pay. More than 75% of income to fund pensions came from good investment earnings during the last decade. 'ith CalPERS new plan, the State will .y $186 million less in pension costs for ate employees and $77 million less for hool in the fiscal year that begins July 1, mpared with the previous year. Public encies will see the effects starting in ly 2006. a1PERS Investments Gain 12.7% ews for CalPERS members and aployers got even better recently. dPERS earned a 12.7 percent return i its investments for the one-year -rind ended June 30, 2005, raising it portfolio's market value to a record 89.8 billion. Our strong performance, mbined with our new employer rate ioorhing policy, will result in more KM30 ltd g lh'l�D 2, "In f 4T�'rr d stable and lower employer contriburion rates in the future for the State of California and public agency employers. The Latest on Pension Security CalPERS Board is also considering establishing rainy day accounts for employers. Employers would pay a minimum contribution each year despite fluctuations in the market. The reserve account could be used when rates rise. The legislative bills introduced by Assemblyman Richman failed in the legislature, but the Governor continues to say that he will place an initiative on the ballot next June if the pension issues are not resolved in the legislature. v No doubt, you have been asked a lot of questions about the pension debate. Who pays for Ca;PERS retirements' Now much do rnem' hers make in retirerrient? is a 401 (k) better? We have received the same questions from many of our members, retirees, er effort to answer those questions and keep you informed, .CalPERS has develol Information Center" on our web site at wimmeafpemea.gov.The center is full about pensions. It also outlines the pros and cons of defined benefit and :defin Take some time today to learn more about your pension, and be prepared to e true value of CaIPERS and your pension. D-1 --0__-4..X1_,-