Last year, PERA board of trustees adopted new mortality tables that reflect a longer life expectancy and lowered the expected rate of return from 7.5 percent to 7.25 percent, which affected the calculation that determines when PERA will be fully funded, known as the amortization period. The measurement will be the conversation focus during the tour and shows the fund’s overall “health.”
The changes in 2016 negatively affected the fund’s projected fiscal health.
PERA will talk about why changes are needed, propose changes for the future and encourage the audience to ask questions or contribute to the conversation.
For more information, visit www.copera.org.