The Los Angeles County Employees Retirement Assn., the nations largest county pension fund with more than 180,000 members and retirees, has multiple benefit tiers. <<77DFA96A7962744CA02E8C6849046386>]/Prev 37656/XRefStm 1139>>
What's never been analyzed is whether switching the CalSTRS inflation-protection program to conventional pension funding could save money, possibly billions if the $14.2 billion reserve and the annual 2.5 percent of teacher pay were used to pay down pension debt. were significantly more generous than CalSTRS benefits. We offer two programs intended to ease the impact of inflation on our members. Next are supplemental benefits. second is a floor below which the buying power of a pension Adobe Acrobat Pro DC 15.6.30448 This supplemental Theyve actually shifted to a riskier portfolio, he said. The floor below which the buying power of the Corteses bill would provide additional payments from the same account to teachers who retired before 1999, bringing their purchasing power closer to 100%. years. endstream
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