Joint Hearing Senate Labor, Public Employment and Retirement and Assembly Public Employment and Retirement, Wednesday, March 4, 2026
California State Assembly Committee on Public Employment and Retirement (joint with the Senate Committee on Labor, Public Employment, and Retirement) · March 4, 2026
A joint Assembly-Senate hearing reviewed the California Actuarial Advisory Panel report and CalPERS actuarial assumptions, including the 6.8% discount rate and a 20-year amortization period; lawmakers questioned how current market volatility and policy shifts could affect contribution rates and funding. Public comment praised reforms.
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