September 20, 2024
Circular Letter: 200-044-24
Topic: Actuarial

To: All CalPERS Employers

Purpose

The purpose of this Circular Letter is to inform employers that the 2023 actuarial valuation data for state, school, and public agency employers is now available in the Pension Outlook tool.

Background

The Pension Outlook tool is an informational tool for employers to plan and budget pension costs into the future. This tool allows users to explore pension plan cost drivers through various financial and investment scenarios.

The June 30, 2023 valuation reports have been completed and the data is now available in Pension Outlook for all public agency, state, and school employers. The most recent data released, sets public agency employer contribution requirements for fiscal year (FY) 2025-26 and the rates for state and school employers for FY 2024-25.

More Information

To access Pension Outlook, follow the instructions on how to register and log in. You can view the Pension Outlook User Manual (PDF) to learn more.

While the Pension Outlook tool provides pension projections based on user-input data, its results do not replace the need for a qualified actuary. Before relying on the output of this tool for any significant decisions, consult with your CalPERS actuary.

The June 30, 2023 actuarial valuation reports for public agencies are now available in myCalPERS. All public agency reports, as well as state and school reports, will be available on the CalPERS website by the end of September.

Questions

If you have questions, call our CalPERS Customer Contact Center at 888 CalPERS (or 888-225-7377888-225-7377).

 

Scott Terando, Chief Actuary
Actuarial Office