Press
Release
City of Fullerton
Public Information Office

303 W. Commonwealth
Fullerton, CA 92832
Phone: (714) 738-6317

10/10/2012

FOR IMMEDIATE RELEASE
PRESS RELEASE #14212
Subject :

Rebroadcast of City Council Study Session on Cable Channel 3
Contact :Lucinda Williams    (714) 738-6355
Fullerton City Manager’s Office    (714) 738-6317

Fullerton, Ca  - A rebroadcast of a September 18, 2012 City Council Study Session is now  available online and will be on Fullerton Cable Channel 3 Friday, October 12 at 6pm.

 

The September 18, 2012  Study Session was an analysis of the City’s pension and Other Post Employment Benefit (OPEB) liabilities conducted by Dr. Joe Nation, Ph.D. Dr. Nation serves as Professor of the Practice of Public Policy and Director, Graduate Public Policy Practicum at Stanford University. He has completed analyses of unfunded liabilities for the cities of San Francisco and San Jose, one in association with the Stanford Institute for Economic Policy Research (SIEPR) and one as an independent consultant. Dr. Nation has also authored a number of reports on California pension systems through the SIEPR.

 

In his analysis, Dr. Nation included comparisons to Anaheim, Costa Mesa, and Newport Beach along with discussion of possible measures to address the liabilities. Senior Pension Actuary, Kerry Worgan, from CalPERS followed Dr. Nation with a presentation as well. Mr. Worgan provided an overview of the CalPERS retirement system and addressed the status of the plans, projected retirement rates changes, and possible measures to address the unfunded liabilities within the CalPERS parameters.

 

To access the study session online, please go to:

http://www.cityoffullerton.com/about/meetings_live.asp

 

Click onto the 2012 folder and then go to the 9-18-2012 Council study session link.

 

 ###



###