CalPERS Expected To Begin Considering Longer Life Spans When Calculating Taxpayer Contribution Rates

The California Public Employees Retirement System is expected to vote during its February board meeting to begin using longer life spans when calculating taxpayer contribution rates to the pension fund. The increase in contributions is expected to range from 2.5% to 6.4% of payroll at the end of a five-year phase-in period.

• "CALPERS: Living Longer is Hazardous to Pension Health" (Sforza, Riverside Press-Enterprise, 1/20).