Prefunding Programs Workshops
Save Money, Reduce Unfunded Liabilities, and Demonstrate More Prudent Financial Management
Employers are invited to attend a workshop hosted by CalPERS to discuss the value of prefunding employer pension contributions and retirees' other post-employment benefits (OPEB) in dedicated trust funds.
Topics include:
- Eligibility for Internal Revenue Code Section 115 trust participation
- Benefits of prefunding OPEB liabilities and/or employer pension contributions
- Advantages of the CalPERS trust fund options: California Employers' Retiree Benefit Trust (CERBT) and California Employers' Pension Prefunding Trust (CEPPT)
- Gaining stakeholder agreement and support
- Establishing the trust participation agreement
- Determining an OPEB and/or pension prefunding policy
- CalPERS investment beliefs and policy details
- Investment risk mitigation
- Selecting asset allocation strategies
- Making contributions and taking disbursements
- Total cost to participate
- Accounting and recordkeeping
- Governmental Accounting Standards Board (GASB) compliant financial reporting
- Customer services and ongoing account support
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