March 4, 2026 Assembly Joint Hearing Assembly Public Employment and Retirement And Senate Labor, Public Employment And Retirement

Joint hearing of the California State Assembly Committee on Public Employment and Retirement and the Senate Committee on Labor, Public Employment, and Retirement · March 4, 2026

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Chair opens joint hearing and states purpose

Presentation

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Assemblymember McKenor, chair of the Assembly Committee on Public Employment and Retirement, opened the joint hearing with the Senate committee and said the session is required by law to hear an independent report from the California Actuarial Advisory Panel on CalPERS; he noted CalPERS serves around 2,000,000 members and stressed pensions' role as a retirement safety net.

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Joint hearing of the California State Assembly Committee on Public Employment and Retirement and the Senate Committee on Labor, Public Employment, and Retirement to receive the California Actuarial Advisory Panel/CalPERS actuarial update, review assumptions (discount rate, amortization), timing of valuations, funded-status results, and questions about audits and near-term market risks.

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Transcript

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