The Road AheadPension and Health Care Issues in 2020 and Beyond
Governor’s Budget
Legislative Priorities
4
Asset Liability Management Cycle
Capital Market Assumptions
Asset Allocation
Discount Rate
June 2021 Fall 2021 July 2022
Mid-Point Review
June 2020
Funding Risk Mitigation Policy
Pension Administration Issues
Health Care
Member and Employer Communications
Legal Cases
Accessto CalPERS leadership
Listenand solicit feedback
Single messageto all stakeholders
Toolsto inform decisions
10
Open Roundtable Discussion
11
